If you're looking to up your trading game, the BlauHLM oscillator is a fantastic tool to consider. This trading system can help you make informed decisions by analyzing market movements effectively.
Here’s how it works: a trade signal is generated when the histogram reverses direction, crosses the zero line, or when the signal line cloud changes color. It's all about timing your trades right!
To fine-tune your entry strategy, you can adjust the following input parameter:
input AlgMode Mode=twist; // Algorithm for market entry
For the EA to operate smoothly, ensure you place the compiled indicator file BlauHLM.ex5 into the terminal_data_folder/MQL5/Indicators directory. This step is crucial for optimal performance.
Keep in mind that the TradeAlgorithms.mqh library file is essential for using Expert Advisors (EAs) with brokers that offer a nonzero spread. This library also allows you to set Stop Loss and Take Profit levels right when you open a position. If you need other versions of this library, feel free to check out the TradeAlgorithms page.
During the tests showcased below, we used the default input parameters for the Expert Advisor, and no Stop Loss or Take Profit levels were applied.
Fig. 1 The instances of history of deals on the chart.
Let’s take a look at the testing results for 2013 on the USDJPY H4 timeframe:
Fig. 2. Chart of testing results
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