This trading system uses the BlauErgodic oscillator.
A trade decision is made when the histogram changes direction, at the breakthrough of the zero line or when the color of the signal line cloud changes.
The following input parameter is used for selecting an entry algorithm option:
input AlgMode Mode=twist; // Algorithm for market entering
For a correct operation of the EA, place the compiled indicator file BlauErgodic.ex5 to terminal_data_folder\MQL5\Indicators.
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. Other variants of this library: TradeAlgorithms.
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 The instances of history of deals on the chart
Testing results for 2012-2013 at EURUSD H4:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2056
The script allows to set transparency level of the client terminal window using Windows API.Donchian Channels System
The indicator implements a breakthrough system using Donchian_Channels.