If you're looking to enhance your trading game, the XRSI Histogram Vol Direct indicator is a fantastic tool to consider. This trading system generates signals based on the direction of the histogram. Essentially, when a bar closes and the histogram direction shifts, you'll see five-pointed stars change color, alerting you to potential trading opportunities.
For the Expert Advisor (EA) to function correctly, make sure the compiled XRSI_Histogram_Vol_Direct.ex5 file is placed in your <terminal_data_directory>\MQL5\Indicators folder. This setup is crucial for smooth operation and accurate signal generation.
The default input parameters for the EA, which do not include stops, have been utilized in the testing results shared below. This means you can hit the ground running with the settings provided.
Fig. 1. Examples of trades on the chart
Now, let’s dive into the testing results for GBPUSD on the H2 timeframe throughout 2017:
Fig. 2. Test results chart
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