exp stochastic histogram
Info
The exp stochastic histogram is a Expert Advisor for MetaTrader 5 that a trading system based on the signals of the indicator. the signal is formed when a bar is closing.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use exp stochastic histogram
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
a trading system based on the signals of the indicator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Stochastic Protector - another powerful expert for MetaTrader 5 traders.
a trading system based on the signals of the indicator. the signal is formed when a bar is closing. the expert advisor uses one of the two methods to determine the trend depending on the input value:
Also recommended: trade signals based on 3 black crows/3 white soldiers + stochastic - similar expert with strong performance on MetaTrader 5.
upon the intersection of the signal and the main line of the indicator with the change of the signal cloud color;
when the color of the histogram changes from a neutral gray to pink or lime, i.e. when the rvi oscillator enters the overbought or oversold zone.
the expert advisor uses the compiled indicator file stochastic_histogram.ex5 for operation. save it to <terminal_data_folder>\mql5\indicators.
note that the tradealgorithms.mqh library file allows using expert advisors with the brokers who offer
nonzero spread
and the option of setting stop loss and take profit
during position opening
. you can download more variants of the library at the following link: .
default expert advisor's input parameters have been used during tests shown below. stop loss and take profit have not been used during the tests.
fig. 1. examples of trades on the chart
testing results for 2015 at eurusd h8:
fig. 2. chart of testing results
You may also like: trade signals based on dark cloud cover/piercing line + stochastic - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <tradealgorithms.mqh>
/*enum marginmode - tradealgorithms.mqh
{
freemargin=0, //mm
balance, //mm
lossfreemargin, //mm
lossbalance, //mm .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.