If you’re on the lookout for a solid trading tool, the Exp_PPO_Cloud EA might just be what you need. This Expert Advisor is powered by the signals generated from the PPO_Cloud oscillator. It kicks into action at the close of a bar when the main and signal lines cross, coupled with a change in the color of the indicator cloud. It’s a simple yet effective way to stay on top of market movements.
To get started, you’ll need to have the compiled indicator file PPO_Cloud.ex5 in your toolkit. Make sure to place it in the <terminal_data_folder>\MQL5\Indicators directory for everything to run smoothly.
Another essential component is the TradeAlgorithms.mqh library file. This allows your Expert Advisors to work seamlessly with brokers that offer nonzero spreads. Plus, it gives you the handy option of setting both Stop Loss and Take Profit right when you open a position. If you’re interested in exploring more variations of this library, check out this link: Trade Algorithms.
For the tests outlined below, we used the default input parameters for the Expert Advisor. It’s worth noting that Stop Loss and Take Profit settings were not applied during these tests.
Fig. 1. Instances of deal history on the chart.
Here are the testing results for 2015 on the USDCHF H4 timeframe:
Fig. 2. Testing results chart
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