Exp_i-SpectrAnalysis_Chaikin - MetaTrader 5 Expert

Exp_i-SpectrAnalysis_Chaikin EA trades based on changes in direction of the i-SpectrAnalysis_Chaikin indicator. When the bar closes, if the direction of the indicator line changes, a signal is formed.

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

It should be noted that the averaging algorithm used in i-SpectrAnalysis_Chaikin causes the generated indicator to be redrawn on all bars. Therefore, after some time, it is impossible to get a picture of the real indicator status at the moment of trade execution.

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 H4 test results:

Figure 2. Test results chart

Attachment download

📎dt_fft.mqh (28.84 KB)

📎 i-spectranalysis_chaikin.mq5 (5.74 KB)

📎 exp_i-spectranalysis_chaikin.mq5 (6.88 KB)

Source: MQL5 #16215