The Exp_NRatioSign Expert Advisor is designed to enhance your trading strategies by utilizing signals generated from the NRatioSign indicator.
Signals are triggered when the indicator crosses specified overbought or oversold levels, which are determined by the input parameters of the Expert Advisor:
input uint HLR_UpLevel=80; // Overbought level input uint HLR_DnLevel=20; // Oversold level
Within the Expert Advisor's input parameters, you have two algorithms to choose from:
input Alg_Method Mode=MODE_OUT; // Breakthrough algorithm
- Execute trades when entering oversold or overbought zones;
- Execute trades when exiting oversold or overbought zones;
To get started, you need to have the compiled indicator file NRatioSign.ex5 placed in your <terminal_data_folder>\\MQL5\\Indicators directory.
Additionally, the TradeAlgorithms.mqh library enables the use of Expert Advisors with brokers that offer nonzero spread and allows for the configuration of Stop Loss and Take Profit settings during position opening. You can find more variants of this library here: Trade Algorithms.
In the tests conducted below, the default input parameters for the Expert Advisor were applied, and neither Stop Loss nor Take Profit was utilized.
Fig. 1. Examples of deals on the chart
Here are the testing results for 2014, using the EURUSD H6 timeframe:
Fig. 2. Testing results chart
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