Are you looking to enhance your trading strategy? The Exp_TrendlessAG_Hist is an incredible tool that uses signals from the TrendlessAG_Hist trend indicator to help you make informed decisions.
So, how does it work? The magic happens when a bar closes and the indicator histogram shifts direction, generating a trading signal you can act upon.
To get started, make sure you have the compiled indicator file TrendlessAG_Hist.ex5. Just place it in your <terminal_data_folder>\MQL5\Indicators directory, and you’re good to go!
It's important to note that the TradeAlgorithms.mqh library file is essential for using Expert Advisors with brokers that offer nonzero spreads. This library also allows you to set your Stop Loss and Take Profit levels right when opening a position. You can explore more library variants at this link: Trade Algorithms.
During the tests shown below, we utilized the default input parameters for the Expert Advisor. Keep in mind that neither Stop Loss nor Take Profit settings were employed in these tests.
Fig. 1. Examples of deals on the chart
Let’s dive into the testing results for 2014, specifically for the USDJPY on the H12 timeframe:
Fig. 2. Testing results chart
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