Real Author: Vladimir Khlystov
The simplest EA based on the fractal RSI. Sells at downward crossing of oscillator overbought level, buys at the upward crossing of oscillator oversold level. The signal is formed when a bar is closing if there is crossing of the level.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of deals on the chart
Testing results for 2015 on AUDUSD H1:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16938
The Exp_AdaptiveCGOscillator_X2 trend trading system based on the signals from two AdaptiveCGOscillator indicators.Fractal_RSI_HTF
The Fractal_RSI indicator with the timeframe selection option available in the input parameters.