Are you looking to enhance your trading game with a reliable tool? Meet the Exp_CronexMFI, an Expert Advisor (EA) designed for MetaTrader 5 that utilizes signals from the CronexMFI oscillator.
This EA generates signals based on changes in the cloud color of the indicator when a bar closes. It’s a straightforward yet effective method to help you make informed trading decisions.
To get started with the Exp_CronexMFI, make sure to place the compiled indicator file CronexMFI.ex5 in your terminal's data folder under MQL5/Indicators. This step is crucial for the EA to function properly.
A handy feature of this EA is its compatibility with the TradeAlgorithms.mqh library. This means you can use it with brokers that offer a nonzero spread and have the option to set Stop Loss and Take Profit levels right when you open a position. If you're interested in exploring more variants of this library, head over to Trade Algorithms.
During the testing phase, the default input parameters of the EA were used, keeping things simple by not employing Stop Loss and Take Profit.
Fig. 1. Instances of historical deals on the chart
For those curious about its performance, here are the testing results for 2013 on the EURUSD H4:
Fig. 2. Chart of testing results
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