If you're looking to boost your trading game, the Instantaneous Trend Filter EA for MetaTrader 5 is a solid choice. This Expert Advisor steps into the market whenever the Instantaneous Trend Filter indicator cloud shifts its color. Essentially, it generates a signal when a bar closes and the oscillator crosses its signal line. Simple, right?
To get this EA up and running, make sure you have the compiled indicator file Instantaneous_TrendFilter.ex5. You’ll want to drop that into your <terminal_data_folder>\MQL5\Indicators directory.
During the testing phase, we used the default input parameters for this Expert Advisor. It’s worth noting that we didn't apply any Stop Loss or Take Profit settings during these tests.
Fig.1. Trade examples on the chart
Now, let’s take a look at the testing results for 2014 using the USD/JPY on a 2-hour timeframe:
Fig.2. Testing results chart
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