If you’re looking to elevate your trading game, the Exp_i4_DRF_v3 Expert Advisor could be just what you need. This EA is built on the i4_DRF_v3 indicator, which signals trades based on color changes in the histogram as bars close.
Before diving in, make sure you have the compiled indicator file, i4_DRF_v3.ex5, in the right place. You’ll need to drop it into your <terminal_data_folder>\MQL5\Indicators directory for the EA to function properly.
One thing to keep in mind is that the TradeAlgorithms.mqh library is your best friend when it comes to using EAs with brokers that offer non-zero spreads. It also lets you set your Stop Loss and Take Profit right at the point of opening a position. If you're interested in expanding your toolkit, you can check out more variants of the library here: Trade Algorithms.
For the tests we conducted, we utilized the default input parameters for the EA. Notably, we didn’t apply Stop Loss or Take Profit during these tests.
Fig1. Examples of deals on the chart
Now, let’s take a look at the testing results for 2015 on the GBPJPY H4 chart:
Fig.2. Chart of testing results
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