If you’re looking to enhance your trading game, the Exp_MaByMa EA might just be the tool you need. Built around the signals generated by the MaByMa trend indicator, this Expert Advisor is designed to help you make informed trading decisions.
The magic happens when a price bar closes, signaling a potential trade opportunity whenever there's a shift in the color of the cloud on the indicator. It’s a straightforward yet effective approach to identifying trends.
To get started with the EA, you’ll need to ensure that the compiled indicator file MaByMa.ex5 is placed in your terminal_data_folder\MQL5\Indicators. This step is crucial for the EA to operate smoothly.
Also, keep in mind that the TradeAlgorithms.mqh library file enables the use of Expert Advisors with brokers that offer a non-zero spread. Plus, it gives you the flexibility to set Stop Loss and Take Profit levels right when you open a position. You can find more versions of this library here: Trade Algorithms.
The default settings of the Expert Advisor were utilized during the tests showcased below. Notably, neither Stop Loss nor Take Profit was implemented during these tests.
Fig. 1 The instances of history of deals on the chart.
Let’s take a look at the testing results for 2013 using the USDCHF H12 pair:
Fig. 2. Chart of testing results
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