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Every Stochastic 14/3/3 cross on 16,925 EURUSD 5-minute bars, traded with a 1-pip cost. Held 30 minutes, the crosses made nothing before costs and lost 1.00 pip after, the same as random entries. 53.9% were reversed within 3 bars. Crosses in the 20/80 zones came after a 4.17-pip move and delivered 0.11.
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MT4 has no built-in correlation indicator. How to export bars and calculate it, and which settings give an honest number: on EURUSD and gold, correlating prices gave 0.91 against 0.42 for changes, a 20-bar M5 window read negative 10% of the time, H1 with 50 bars never did. Shorting gold as a hedge cut EURUSD swings by 1.7% at equal risk.
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An EMA 9/21 cross on EURUSD M5 lost 1.46 pips per trade over one hour, worse than random entries. Taking only the crosses where gold was on the same side of its 50 EMA cut the loss to 0.71, but the same filter did nothing at a 2-hour hold, and gold’s own EMA cross made it worse. 0 of 24 gold filters made money.
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13,631 matched EURUSD and gold 5-minute bars, June to August 2026. The correlation of bar-to-bar changes was 0.42 on M5, 0.52 on H1 and 0.57 daily, strongest at 12:00 UTC. But gold’s last bar correlated only 0.04 with EURUSD’s next one, and trading EURUSD after a big gold bar lost in 15 of 16 setups after a 1-pip cost.
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How to add Williams’ Percent Range in MetaTrader 4 and which period and chart to use. The same fade of -20 and -80 lost 0.27 pips per trade on EURUSD M5 and made +5.87 on H1, positive in both halves; period 21 on M15 made +0.55 over 178 trades. On gold the fade lost and following %R made $0.20 per ounce.
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Four oscillators, the same rules and the same 16,926 EURUSD 5-minute bars with a 1-pip cost. Williams %R equalled fast Stochastic %K minus 100 on every bar and traded almost identically; smoothing to 14/3/3 halved the signals and changed nothing. Fading RSI 70/30 lost 2.37 pips per trade, but following it made +0.37, positive in both halves.
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Williams %R on 16,926 EURUSD 5-minute bars: five periods, three sets of levels, three entry rules and three exits, 1 pip of cost. Fading a touch of -20 or -80 was positive before costs in 41 of 45 setups and lost in 44 after it. The default %R 14 won 68.7% of trades and still lost 0.27 pips per trade; buying strength above -20 lost in all 45 setups.
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How to add ADX in MetaTrader 4 and which period and chart to use. On 16,926 EURUSD 5-minute bars every DMI period from 7 to 28 lost 1.24 to 1.36 pips per trade with the DI cross; M30 with period 14 cut that to -0.17. On 13,736 gold bars the default 14 made $0.35 per trade after costs, and $1.15 with ADX above 25, positive in both halves.
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Five trend crossovers on the same 16,926 EURUSD 5-minute bars with the same exits and a 1-pip cost. With its own reverse exit the ADX DI cross lost the least, -1.33 pips per trade against -1.64 for MACD; with a fixed two-hour exit it was second worst. DI crosses confirmed by an EMA 12/26 cross within three bars lost 0.40 pips, unconfirmed ones 1.72.
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