Exp_OsHMA - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

Exp_OsHMA Expert Advisor plots signals based on the OsHMA histogram.

A signal to execute a trade is formed on the close of the bar when the OsHMA histogram breaks through the zero level or when the histogram changes direction (depending on the option selected in the input parameters mode).

Place the OsHMA.ex5 compiled file into terminal_data_folder\MQL5\Indicators.

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 in the chart.

2011 NZDUSD H4 test results:

Figure 2. Test result chart

Attachment download

📎 exp_oshma.mq5 (7.42 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.74 KB)

📎oshma.mq5 (6.8 KB)

Source: MQL5 #1335