Are you ready to take your trading game to the next level? Let’s dive into the innovative CorrectedAverage Moving Average system that can help you make smarter trading decisions!
This breakthrough system generates a trading signal right at the bar's closing. It triggers when the price breaks through a specific level that’s set apart from the Moving Average, based on a customizable input parameter from your trading robot.
input int Level=300;//the breakthrough level in points
To get started, simply place the CorrectedAverage.ex5 file into your terminal's data folder at MQL5/Indicators.
During the tests below, the default parameters of the Expert Advisor were utilized. It's worth noting that neither Stop Loss nor Take Profit settings were factored into these tests.
Fig. 1. The history of deals represented on the chart.
Here are the testing results for the AUDUSD currency pair on the H4 timeframe from 2011:
Fig. 2. Results of the testing.
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