Hey there, fellow traders! Today, I want to dive into the Exp_ADXDMI trading system, which is all about harnessing the signals from the ADXDMIM oscillator. This system works by generating a signal when a bar closes, specifically when there’s a crossover between the main and signal lines of the indicator, along with a shift in the indicator cloud's color.
To get things rolling with this Expert Advisor (EA), you’ll need the compiled indicator file ADXDMI.ex5. Make sure to place that file in your <terminal_data_folder>\\MQL5\Indicators directory.
A little tip for you: the TradeAlgorithms.mqh library file is a game changer. It lets you run Expert Advisors with brokers that offer a nonzero spread and gives you the flexibility to set your Stop Loss and Take Profit right when you open a position. If you're interested, you can grab more versions of this library at this link: Trade Algorithms.
In the tests I’ve run, I used the default input parameters for the Expert Advisor. Just a heads up, I didn’t incorporate Stop Loss and Take Profit during these tests.
Fig. 1. The instances of history of deals on the chart.
Let’s take a look at the testing results for 2015 on the GBPJPY H8:
Fig. 2. Testing results chart
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