If you're looking to enhance your trading game, the Exp_Delta_MFI Expert Advisor might just be the tool you need. This EA is designed around the Delta_MFI indicator, which signals potential trades based on color changes in its histogram. When the histogram shifts to a trend light blue or pink, it’s time to consider opening a position as this indicates a market trend shift.
Before you dive in, make sure you have the compiled indicator file Delta_MFI.ex5 in your MetaTrader setup. You can easily place it in the terminal_data_folder/MQL5/Indicators directory to get started.
One key feature of this EA is its compatibility with brokers that offer a nonzero spread. Thanks to the TradeAlgorithms.mqh library, you can also set your Stop Loss and Take Profit levels right when you open a position. If you’re interested in exploring more options, you can check out additional library variants here: Trade Algorithms.
The testing results below use the default parameters set for the Expert Advisor, and it’s worth noting that Stop Loss and Take Profit weren’t utilized in these tests.
Fig. 1. Examples of deals on the chart
Testing Results for 2015 on EURUSD H4:
Fig. 2. Chart of testing results
Comments 0