If you’re diving into the world of automated trading, the Exp_AFIRMA Expert Advisor (EA) might just be your new best friend. This EA operates based on the signals generated by the AFIRMA (Autoregressive Finite Impulse Response Moving Average) indicator, giving you a solid foundation for your trades.
What’s the deal? The signals are triggered when a bar closes and the direction of the indicator shifts. Just a heads up: the AFIRMA indicator can redraw itself, meaning that the moving average state on closed bars can change over time, especially during active trades.
To get the EA running smoothly, make sure to place the compiled indicator file AFIRMA.ex5 in your terminal_data_folder/MQL5/Indicators directory.
Also, keep in mind that the TradeAlgorithms.mqh library file supports EAs with brokers that offer a nonzero spread, allowing you to set your Stop Loss and Take Profit right when you open a position. You can explore more variants of this library here: Trade Algorithms.
The tests below utilized the default input parameters for the Expert Advisor. Notably, neither Stop Loss nor Take Profit was applied during these tests.
Figure 1. The instances of history of deals on the chart.
Now, let’s take a look at the testing results for 2013 using the USDJPY H4:
Figure 2. Chart of testing results
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