Hey fellow traders! Today, I want to introduce you to a fantastic tool that could elevate your trading game: the Exp_AdaptiveRenko Expert Advisor. This EA is built on the NRTR concept of the AdaptiveRenko indicator, and it’s designed to help you capitalize on market movements.
Here’s how it works: a trading signal is generated at the close of each bar whenever the histogram reverses direction. This makes it a great option for those looking to make informed trading decisions.
To get started, simply place the AdaptiveRenko.ex5 file in your terminal's data folder under MQL5\Indicators. It’s that easy!
For the tests showcased below, we used the default input parameters for the Expert Advisor. Note that Stop Loss and Take Profit were not included in the testing phase.
Fig. 1. The instances of history of deals in the chart.
Now, let’s take a look at the testing results for 2011 on the EURAUD pair using the H4 timeframe:
Fig. 2. Chart of testing results
Comments 0