Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
This trading system uses the BlauSMStochastic 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; //the algorithm for entering the market
For a correct operation of the EA, place the compiled indicator file BlauSMStochastic.ex5 to the terminal_data_older\MQL5\Indicators.
Watch in-depth trading tutorials and EA reviews on the RobotFX YouTube channel. Subscribe for free tips.
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 while opening the position. Other variants of this library can be downloaded from https://www.mql5.com/en/code/1578.
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 GBPUSD H4:
Fig. 2. Chart of testing results
Level up your trading with professional RobotFX expert advisors and indicators. Visit www.robotfx.org for proven MT4/MT5 tools.
2014
