If you're looking to enhance your trading strategy, let me introduce you to a powerful trading system based on the Trend Intensity Index oscillator. This tool is designed to provide clear trading signals that are generated at the close of each bar. What’s great is that it alerts you when the market enters oversold or overbought zones, which is indicated by a change in the color of the oscillator.
To ensure that this EA (Expert Advisor) functions smoothly, you'll need to have the compiled Trend_Intensity_Index.ex5 file saved in your <terminal_data_directory>\MQL5\Indicators folder. This is crucial for the EA to pull the necessary data and execute trades effectively.
In the tests carried out, we utilized the default input parameters of the EA, including stop-loss settings. Below, you'll find the testing results that showcase its performance.
Fig. 1. Example trades on the chart
Here’s a look at the testing results for USDJPY on the H4 timeframe for the year 2017:
Fig. 2. Test results chart
Comments 0