Exp_MFI_Histogram - MetaTrader 5 Expert - MT4/MT5 Resources

Signal-based trading system MFI_Histogram indicator. If the color of the histogram changes from neutral gray to yellow or stone gray, that is when the MFI oscillator enters the overbought or oversold zone, a trading signal is generated at the close of the bar.

The Expert Advisor operates using the compiled indicator file MFI_Histogram.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 with brokers that offer the following services during position opening . 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 GBPJPY H6 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 mfi_histogram.mq5 (6.89 KB)

📎 exp_mfi_histogram.mq5 (6.61 KB)

Source: MQL5 #14952