Welcome to the world of automated trading! Today, let’s dive into the Exp_FractalAMA_MBK Expert Advisor, which harnesses the power of two moving averages derived from the FractalAMA_MBK indicator.
This EA kicks into gear when a bar closes, creating a signal based on the crossover of the indicator's main and signal lines. It’s a straightforward yet effective strategy for traders looking to automate their trading.
To get started, you’ll need the FractalAMA_MBK.ex5 compiled indicator file. Just drop it into your <terminal_data_folder>\MQL5\Indicators directory, and you’re good to go!
Keep in mind that the TradeAlgorithms.mqh library file is essential for using Expert Advisors with brokers who offer nonzero spreads. Plus, it allows you to set your Stop Loss and Take Profit right when you open a position. You can explore more versions of this library using this link: Trade Algorithms.
In our tests, we utilized the default input parameters for the Expert Advisor. Notably, we conducted these tests without implementing Stop Loss and Take Profit, which could be useful to consider in your own trading strategy.
Fig.1. Trade examples on the chart
Let’s take a look at the testing results for 2014 on the GBPJPY H12:
Fig.2. Testing results chart
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