The Exp_TSI_DeMarker is a cutting-edge trading tool designed for MetaTrader 5, based on the reliable signals from the TSI_DeMarker trend indicator.
This EA generates signals when a bar closes and a change occurs in the indicator's cloud color, providing you with timely entry and exit points.
To get started with the EA, make sure to place the compiled indicator file TSI_DeMarker.ex5 in the terminal_data_folder\MQL5\Indicators directory of your MetaTrader setup.
It's important to note that the TradeAlgorithms.mqh library file enables the use of Expert Advisors with brokers that offer a nonzero spread. Plus, it allows you to set Stop Loss and Take Profit levels directly when opening a position. You can explore more versions of this library at this link: Trade Algorithms.
The testing results below utilized the default parameters of the Expert Advisor. Notably, Stop Loss and Take Profit were not applied during these tests.
Fig. 1: Instances of trading history on the chart.
Here are the testing results for 2013 using the XAUUSD pair on an H4 timeframe:
Fig. 2: Chart of testing results.
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