If you're looking to take your trading game to the next level, the Exp_DigVariation Expert Advisor might just be your new best friend. This EA is designed around the reversal signals of the DigVariation oscillator. Essentially, it generates a trading signal whenever there's a shift in the direction of the DigVariation oscillator as a bar closes.
Before you dive in, make sure you have the compiled indicator file DigVariation.ex5. You’ll want to place this file in your <terminal_data_folder>\MQL5\Indicators directory to ensure everything runs smoothly.
One thing to note is that the TradeAlgorithms.mqh library file is essential for using Expert Advisors with brokers that offer a nonzero spread. This library also gives you the flexibility to set your Stop Loss and Take Profit levels right when you open a position. If you're interested, you can find more variations of the library here: Trade Algorithms.
During the tests outlined below, we used the default input parameters of the Expert Advisor. Just a heads up, neither Stop Loss nor Take Profit settings were utilized in these tests.
Fig.1. Trade examples on the chart
Now, let’s take a look at the testing results for 2014, specifically for the GBPJPY on the H8 timeframe:
Fig.2. Testing results chart
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