Exp_XRSI_Histogram_Vol - MetaTrader 5 Expert - MT4/MT5 Resources

Signal-based trading system XRSI_Histogram_Vol indicator. A signal is formed when the bar breaks above the overbought/oversold levels. Since there are two levels, each level has its own place, with its own breakout magic number and size:

 Input unit magic 1 = Chapter 555 ; //The magic number of orders under normal signals
Input unit magic 2= Chapter 777 ; //The magic number for placing orders with strong signals
Enter double MM1= 0.1 ; // Share of deposit in transaction (normal signal)
Enter double MM2= 0.2 ; // Share of deposit in trade (strong signal)

In order for the generated EA to run correctly, the compiled XRSI_Histogram_Vol.ex5 indicator file should be located in the <terminal data directory>\MQL5\indicator folder.

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

2017 USDJPY H4 test results:

Figure 2. Test result graph

Attachment download

📎 Exp_XRSI_Histogram_Vol.mq5 (18.62 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (236.36 KB)

📎 XRSI_Histogram_Vol.mq5 (27.34 KB)

Source: MQL5 #21953