If you're looking to up your trading game, the Exp_Karpenko EA might just be the tool you need. This Expert Advisor leverages signals generated by the Karpenko oscillator to help you make informed trading decisions.
The magic happens when a bar closes, and there's a shift in the cloud color of the indicator, signaling potential trading opportunities.
To get the Exp_Karpenko EA running smoothly, make sure to place the compiled indicator file Karpenko.ex5 in the terminal_data_folder\MQL5\Indicators directory.
It's also worth noting that the TradeAlgorithms.mqh library file allows you to utilize Expert Advisors with brokers that offer nonzero spreads. Plus, you have the flexibility to set Stop Loss and Take Profit levels right when you open a position. If you're interested in expanding your toolkit, you can find more variants of this library here: Trade Algorithms.
The tests shared below were conducted using the default input parameters for the EA, and interestingly, neither Stop Loss nor Take Profit was applied during the testing phase.
Fig. 1 The instances of history of deals on the chart.
Now, let’s take a look at the testing results from 2013 on the GBPUSD H4 timeframe:
Fig. 2. Chart of testing results
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