If you're on the lookout for a powerful trading system, you might want to check out the XRSIDeMarker_Histogram indicator. This tool generates signals that can help you make informed trading decisions, especially when a bar closes and the indicator's direction flips.
To get the most out of this EA, you'll need to ensure that the compiled XRSIDeMarker_Histogram.ex5 file is placed in your <terminal_data_directory>\MQL5\Indicators folder. This step is crucial for its proper functioning.
Keep in mind that the library file TradeAlgorithms.mqh is tailored for those trading with brokers that have a nonzero spread. This library allows you to set your Stop Loss and Take Profit simultaneously when you open a position. If you're interested, you can grab other versions of this library at Trade Algorithms.
For the tests below, we used the EA's default input parameters, and it’s worth noting that Stop Loss and Take Profit settings weren’t utilized during testing.
Fig. 1. Example trades on the chart
Here are the testing results for GBPUSD on the H4 timeframe over the year 2016:
Fig. 2. Testing results chart
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