If you’re looking to amp up your trading game, the Exp_Slow-Stoch system is worth considering. This trading system leverages the Slow-Stoch oscillator to help you make more informed decisions.
So, how does it work? When the stochastic oscillator changes direction—whether it breaks above the 50 level or the color of the signal line cloud shifts—that's your cue to make a trade.
To set up your entry algorithm, you’ll want to adjust the following input parameter:
input AlgMode Mode=twist; // Algorithm for market entry
For your EA to function properly, ensure that you place the compiled indicator file Slow-Stoch.ex5 in your terminal's data folder under MQL5/Indicators.
It's important to note that the TradeAlgorithms.mqh library file allows you to use Expert Advisors with brokers that offer a non-zero spread. Plus, you can set your Stop Loss and Take Profit levels right when you open a position. If you need other versions of this library, you can grab them from this link.
The testing results shown below were conducted using the default input parameters for the Expert Advisor, without applying Stop Loss or Take Profit.
Figure 1: Instances of deal history on the chart
Here are the testing results for 2013 using the EUR/USD on the H4 timeframe:
Figure 2: Chart of testing results
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