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

Trading system using extreme value indicators. When a bar of the histogram changes from green to red (or vice versa), a signal to execute a trade is formed at the close of the bar. Exiting a trade can be executed via a pending order or if the color of the histogram bar is opposite to that of open positions.

Place the compiled extrema.ex5 file and copy it to 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.

USD/CHF test results in the first half of 2011:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (67.73 KB)

📎 extremum.mq5 (9.27 KB)

📎 exp_extremum.mq5 (5.72 KB)

Source: MQL5 #1235