Exp_Elliott_Wave_Oscillator - MetaTrader 5 Expert

The trading system is based on the Elliott Wave Oscillator indicator signals. If the histogram direction changes, a signal is formed when the bar closes.

The Expert Advisor operates using the compiled indicator file Elliott_Wave_Oscillator.ex5. Save it to <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 have been used during testing, as shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2015 EURUSD H4 test results:

Figure 2. Test result chart

Attachment download

📎Exp_Elliott_Wave_Oscillator.mq5 (8.69 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (60.9 KB)

📎Elliott_Wave_Oscillator.mq5 (7.76 KB)

Source: MQL5 #15262