If you're on the hunt for a robust trading tool, let me introduce you to the Exp_MACD-2 Expert Advisor. This EA is built around the MACD-2 indicator, offering signals based on the close of a bar. You'll get a signal when there's a breakout of the zero level by the MACD histogram, a shift in histogram direction, or a color change in the cloud, all depending on your settings in the TrendMode input parameter.
To get started, you’ll need the compiled indicator file MACD-2.ex5. Make sure to place this file in your <terminal_data_folder>\MQL5\Indicators directory.
What’s cool about this EA is that it works seamlessly with brokers offering nonzero spread. Plus, you can set up your Stop Loss and Take Profit right when you open your positions! If you want to explore more options, check out the Trade Algorithms library for additional variants.
In the tests conducted, we used the default input parameters for the Expert Advisor. It’s worth noting that neither Stop Loss nor Take Profit was utilized during these tests, which allows us to see the raw performance of the strategy.
Fig. 1. Trade examples on the chart
Let’s take a look at the testing results for the year 2014 on the USDJPY H6 timeframe:
Fig. 2. Chart of testing results
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