The Exp_DigitMacd EA is based on the signals generated by the DigitMacd oscillator.
The signal is formed when a bar is closing if there is change in cloud color of the indicator.
The Expert Advisor requires the compiled file of the indicator DigitMacd.ex5. Place it 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. 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.
Figure 1 The instances of history of deals on the chart.
Testing results for 2013 at USDJPY H4:
Figure 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2344
This indicator is an oscillator based on the averaged difference between the SATL digital filter and the Close price.Ticker_SATL
The indicator is drawn as a colored cloud between the lines of a slow digital filter and the price.
The indicator draws candlesticks of a larger timeframe as color filled rectangles in accordance with the colors of the clouds of the DigitMacd indicator.MACD Sample
The MACD Sample Expert Advisor trades at the crossover of the main and the signal line of the MACD. This Expert Advisor is an example of object-oriented approach in EA development.