Welcome back, fellow traders! Today, we're diving into a powerful trading system that leverages the BlauErgodicMDI oscillator. If you're looking to enhance your trading game, this could be just the tool you need.
So, how does it work? The system triggers trade decisions based on a few key indicators: when the histogram shifts direction, crosses the zero line, or when the color of the signal line cloud changes. Paying attention to these signals can make all the difference in your trading outcomes.
To get started, you'll want to choose your entry algorithm. The following input parameter is essential for selecting your preferred algorithm:
input AlgMode Mode=twist; // Algorithm for entering the market
For the EA to function correctly, make sure to place the compiled indicator file BlauErgodicMDI.ex5 into your terminal_data_folder\MQL5\Indicators. This step is crucial for smooth operation!
Also, keep in mind that the TradeAlgorithms.mqh library file allows you to use Expert Advisors with brokers that offer a non-zero spread. Plus, it enables you to set your Stop Loss and Take Profit simultaneously with position opening. If you need other versions of this library, feel free to download them from this link.
During testing, we used the default input parameters for the Expert Advisor. Notably, neither Stop Loss nor Take Profit was implemented in the tests shown below.
Fig. 1. Instances of trading history on the chart.
Now, let’s take a look at the testing results from 2012 to 2013 for the GBPUSD on the H4 timeframe:
Fig. 2. Chart of testing results
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