The Exp_derivative Expert Advisor is a game-changer for traders using MetaTrader 5. It operates on the principle of breaking through the zero level indicated by the Derivative indicator. A trading signal is generated when a bar closes after crossing the zero level, whether from above or below.
To get started, make sure you have the compiled indicator file derivative.ex5. Simply place it in your <terminal_data_folder>\MQL5\Indicators directory.
It's essential to note that the TradeAlgorithms.mqh library allows you to utilize Expert Advisors with brokers that offer nonzero spreads and lets you set your Stop Loss and Take Profit levels right when you open a position. You can find additional variations of this library at this link: Trade Algorithms.
The testing results below were carried out using the default input parameters of the Expert Advisor, without applying Stop Loss or Take Profit settings during the tests.
Fig.1. Examples of deals on the chart
Here are the testing results for 2014 on the USDJPY H8 pair:
Fig.2. Testing results chart
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