Skip to content
All library documents

PFE Oscillator Direction-Change Trading System

Article MQL5 code base
Read the original

Summary

This document describes an Expert Advisor that uses the PFE oscillator to generate trades. It forms a signal when a bar closes and the indicator changes direction. The system therefore relies on a direction turn in the oscillator rather than a threshold or cross described in the text.

The page says the compiled PFE indicator must be installed for the advisor to run and notes compatibility support for brokers with nonzero spreads and simultaneous stop-loss and take-profit settings. Its reported test used default inputs on EURUSD H6 in 2015, but the text provides no performance figures or detailed methodology. It also states that stop loss and take profit were disabled in that test. The visible description is too brief to assess the signal rules in detail, execution assumptions, risk controls, or robustness across markets and periods.

Key ideas

  • The system generates a trade signal when the PFE oscillator changes direction at bar close.
  • The compiled PFE indicator is required for the Expert Advisor to run.
  • A historical test is cited for EURUSD H6 in 2015 using default inputs.
  • The cited test did not use stop loss or take profit, and no detailed results are given.

Tags

ForexTechnical indicatorsBacktesting

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.