Exp_PFE_Extr - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Signal-based Exp_PFE_Extr breakout trading system Teflon oscillator. When the bar closes, a signal is formed if the indicator breaks above the overbought level below or the oversold level above.

This Expert Advisor requires the compiled indicator file PFE.ex5 to run. Place it in <terminal data folder>\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit along with opening positions with brokers that offer the following services. You can download more variants of this library via the following link: Trading Algorithms .

The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trading history on a chart.

2015 GBPUSD H6 test results:

Figure 2. Test result graph

Attachment download

📎 Exp_PFE_Extr.mq5 (8.46 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (60.9 KB)

📎PFE.mq5 (8.97 KB)

Source: MQL5 #16044