Unlock Trading Potential with the Exp_PFE_Extr System
The Exp_PFE_Extr breakout trading system leverages signals from the PFE oscillator. You’ll get a trading signal when a bar closes, especially if the indicator breaks above the overbought level from below or dips below the oversold level from above. It’s all about timing and understanding those market shifts!
Getting Started with the Expert Advisor
To get this Expert Advisor up and running, you'll need the compiled indicator file PFE.ex5. Make sure you place it in your <terminal_data_folder>\MQL5\Indicators directory.
Library Integration for Enhanced Trading
Keep in mind that the TradeAlgorithms.mqh library file is a must-have for using Expert Advisors with brokers offering a non-zero spread. Plus, it allows you to set your Stop Loss and Take Profit right when you open your position. If you’re looking for more options in this library, check out the link: Trade Algorithms.
Testing Insights and Parameters
During our tests below, we utilized the default input parameters for the Expert Advisor. Notably, we didn't apply any Stop Loss or Take Profit settings during these tests, giving us a clearer picture of its performance.
Fig. 1. A snapshot of trading history on the chart.
2015 Testing Results on GBPUSD H6
Here are the testing results from 2015 on the GBPUSD H6 timeframe:
Fig. 2. Overview of testing results.
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