Welcome back, fellow traders! Today, we’re diving into the BlauTStochI oscillator and how it can enhance your trading system on MetaTrader 5.
The key to making a successful trade with this system lies in observing the histogram. You’ll want to pay close attention to when it changes direction or crosses the zero line. This is where your trade decision should come into play.
To set up your entry strategy, you’ll need to tweak the following input parameter:
input AlgMode Mode=twist; // Choose your market entry algorithm here
For the EA to function correctly, don’t forget to place the compiled indicator file BBlauTstochI.ex5 into your terminal data folder: MQL5/Indicators.
Additionally, the TradeAlgorithms.mqh library is a game-changer. It allows you to use Expert Advisors with brokers that offer a nonzero spread and lets you set your Stop Loss and Take Profit right when you open a position. If you need different versions of this library, you can grab them from https://www.mql5.com/en/code/1578.
During the tests showcased below, we used the default input parameters for the Expert Advisor, and for clarity, neither Stop Loss nor Take Profit were implemented.
Fig. 1. Trade history instances on the chart.
Now, let’s take a look at the testing results for 2012 on the GBPJPY H4:
Fig. 2. EA testing results for 2012
Comments 0