Real Author: Khlystov Vladimir
Meet the Exp_MFI, a straightforward Expert Advisor built around the Money Flow Index (MFI). This EA works its magic by selling when the oscillator dips below the overbought level and buying when it climbs above the oversold level. The entry signal is triggered once a bar closes after crossing these key thresholds.
One of the standout features of this EA is its compatibility with brokers offering nonzero spreads. Plus, it allows you to set Stop Loss and Take Profit levels right when you open a position. If you’re looking to explore more options for your trading arsenal, you can find additional variants of the library here: Trade Algorithms.
The tests showcased below utilized the default input parameters of the Expert Advisor. It's worth mentioning that Stop Loss and Take Profit settings weren’t used during these tests, so keep that in mind when analyzing the results.
Fig. 1. Examples of trades on the chart
Here are the testing results from 2015 for the AUDUSD on an H6 timeframe:
Fig. 2. Testing results chart
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