Exp_ATR_Normalize_Histogram - MetaTrader 5 Expert

Trading system ATR_Normalized_Histogram based on indicator signals A signal is formed when the bar closes if the indicator crosses overbought/oversold levels and enters the relevant extreme zone:

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

Note that the library file TradeAlgorithm.mqh is designed for use with brokers that offer EA non-zero spreads as well as the possibility to set Stop Loss and Take Profit simultaneously with the opening of a position. You can download other versions of this library trading algorithms at.

The EA default input parameters are used in the following tests. Stop Loss and Take Profit were not used in the test.

Figure 1. Example of trade on chart

2016 EURUSD H4 test results:

Figure 2. Test result graph

Attachment download

📎 Exp_ATR_Normalize_Histogram.mq5 (15.12 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (223.62 KB)

📎 ATR_Normalize_Histogram.mq5 (17.84 KB)

Source: MQL5 #20830