Skip to content
All library documents

Trading an Expert Advisor on Indicator Histogram Color Changes

Article MQL5 code base
Read the original

Summary

The document describes an Expert Advisor that generates a signal when a bar closes and the i4_DRF_v2 indicator histogram changes color. It therefore uses a confirmed bar-close signal rather than reacting to an unfinished bar. Running the advisor requires the compiled indicator file to be installed in the terminal’s indicator directory.

Key ideas

  • The advisor signals trades when the indicator histogram changes color at bar close.
  • The compiled indicator is a required dependency for the Expert Advisor.
  • A helper library is described for broker spreads and for setting stop loss and take profit with an order.
  • The cited test uses default advisor parameters on EURAUD four-hour data for 2015.
  • Stop loss and take profit were not used in the reported test, limiting what its results can show.

Tags

ForexTechnical indicatorsBacktesting

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