Hey there, fellow traders! Today, I want to introduce you to the Exp_MACDCandle, an Expert Advisor (EA) that's all about leveraging the MACDCandle indicator signals. This EA kicks into action when a bar closes, especially if there's a color change in the candlestick indicator. It’s a neat little tool that can help streamline your trading strategy.
To get started with this EA, you’ll need the compiled indicator file, MACDCandle.ex5. Make sure to drop it into your <terminal_data_folder>\MQL5\Indicators directory. Once that's done, you're all set!
Pro Tip: The TradeAlgorithms.mqh library file is a game changer! It allows you to run Expert Advisors with brokers that offer nonzero spreads. Plus, you can set up your Stop Loss and Take Profit right when you open a position. If you're curious about more variants of this library, check out this link: Trade Algorithms.
For the tests shown below, we used the default input parameters of the EA. Just a heads up—Stop Loss and Take Profit settings weren’t utilized during these tests.
Fig. 1. Trade examples on the chart
Now, let’s dive into the testing results for 2014 on the USDJPY H4:
Fig. 2. Chart of testing results
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