If you're looking to enhance your trading strategies, the Exp_TEMA_CUSTOM Expert Advisor could be just what you need. This EA is built around the TEMA_CUSTOM indicator, which signals changes in market direction when a bar closes, helping you make informed decisions.
To get started, you’ll need the compiled indicator file TEMA_CUSTOM.ex5. Simply place it in your <terminal_data_folder>\MQL5\Indicators directory, and you’re good to go!
One of the standout features of this Expert Advisor is its compatibility with brokers that offer a nonzero spread. Plus, you can set both Stop Loss and Take Profit levels right when you open a position. For those interested in exploring more trading options, check out the Trade Algorithms library for additional resources.
In the tests we ran, we used the default input parameters for the Expert Advisor, and note that neither Stop Loss nor Take Profit were implemented during the tests.
Fig.1. Examples of deals on the chart
Here’s a sneak peek at the testing results for 2014 using the USDJPY on the H4 timeframe:
Fig.2. Testing results chart
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