If you're trading on MetaTrader 5, you might want to check out the Exp_i4_DRF_v2 Expert Advisor. This EA is built on the i4_DRF_v2 indicator, which generates trading signals based on the color changes of its histogram. The magic happens when a bar closes, signaling a potential trade opportunity.
To get this EA up and running, make sure you have the compiled indicator file i4_DRF_v2.ex5. Just drop it into your <terminal_data_folder>\MQL5\Indicators directory.
One cool feature of this EA is the TradeAlgorithms.mqh library. This allows you to use Expert Advisors with brokers that offer a nonzero spread and lets you set your Stop Loss and Take Profit right when you open a position. If you’re looking for more options, you can grab additional variants of the library here: Trade Algorithms.
During the testing phase, we used the default parameters for the EA. It's worth noting that neither Stop Loss nor Take Profit was applied in these tests.
Fig1. Examples of deals on the chart
Let's take a look at the testing results for 2015 using the EURAUD H4 timeframe:
Fig.2. Chart of testing results
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