Author: Relaysim Comp.
Welcome to the world of automated trading! Today, we're diving into the Exp_Zonal Trading system, an Expert Advisor (EA) that utilizes the awesome AO and AC indicators introduced by the legendary Bill Williams.
This EA operates on a straightforward principle: it buys when the AO and AC indicators turn green and sells when they turn red. What’s key here is that the EA will exit the market when either indicator changes its color—keeping you on your toes!
Signals are generated upon the closing of a bar, ensuring that you’re making decisions based on solid data.
Just a heads-up: the AO_HTF and AC_HTF indicators included in the EA are purely for visual aid in the strategy tester, so don’t expect them to function outside this mode.
To get started, make sure to place the compiled files for AO_HTF.ex5 and AC_HTF.ex5 into your <terminal_data_folder>\MQL5\Indicators folder.
Also, keep in mind that the TradeAlgorithms.mqh library is your friend when using Expert Advisors with brokers that offer non-zero spreads. It even allows you to set Stop Loss and Take Profit right when you open a position. You can grab more variations of this library through this link: Trade Algorithms.
In the tests below, we’ve utilized the default input parameters for the EA, without implementing Stop Loss or Take Profit.
This EA originally started off in MQL4 and made its debut in the Code Base on December 25, 2015.
Fig. 1. Examples of deals on the chart
Let’s take a look at the testing results for 2015 on the EUR/USD H4 timeframe:
Fig. 2. Chart of testing results
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