Free Forex Indicators, MetaTrader Tools and Honest Trading Guides
3,302 MACD 12/26/9 crosses on EURUSD and gold, M5 and M15, through seven filters: the zero line both ways, the 200 EMA, ADX above 25 and their combinations. 0 of 32 runs passed, and no filter picked better crosses than a random cut of the same size.
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How to add Heiken Ashi to MT4 and MT5 and hide the normal candles, then 96 smoothed settings tested on EURUSD and gold. Smoothing before and after the candles gave identical colours, 9 settings made money in both halves, all on M15, and none of the first-half winners stayed on top.
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The same three entry rules on Heikin Ashi and on regular candles, EURUSD and gold, M5 and M15: 15,410 trades. Heikin Ashi looked calmer and was not later, but it won no match-up by more than noise, and the two clear gaps on gold M5 both went to regular candles.
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Three Heikin Ashi entries on EURUSD and gold, M5 and M15: 27,293 signals, 7,613 trades, and 0 of 12 runs passed. Scored on Heikin Ashi closes, the always-in colour system showed a profit factor of 2.92 on gold M15; on the prices you can trade it was 0.98.
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Two ways to install a free MQL5 Code Base indicator in MetaTrader 5, step by step, then 160 input settings of SuperTrend, HalfTrend, Keltner Channel and QQE tested on EURUSD and gold. 0 of 40 made money on EURUSD M5, and SuperTrend 14/3 went from first of 16 to last of 16 between the two halves of the data.
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Four free Code Base downloads against the EMA cross, MACD, Parabolic SAR and RSI that MetaTrader already ships, on the same bars with the same exit: 11,653 trades. SuperTrend pointed the same way as an EMA 9/21 cross on 83% to 84% of bars, and the download beat its closest built-in in 7 of 16 match-ups, never by more than noise.
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SuperTrend, HalfTrend, Keltner Channel and QQE rebuilt from their public formulas and run at default settings on EURUSD and gold, M5 and M15: 8,270 signals, 5,826 trades. On EURUSD M5 the signal printed 3.14 to 5.85 ATR into the move with 2.20 to 2.27 ATR left at best, and three of the four did worse than random entries.
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How to set StartHour and EndHour on an MT4 Expert Advisor in broker server time, with a UTC to server time table, and what 1,728 tested windows say about the hours to use. Two-hour windows made money least often, the optimized window was a coin flip afterwards, and a 1-pip spread was 49% of an M5 stop at 04:00 UTC against 22% at 14:00.
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A London and New York overlap window, ADX above 25 and the EMA 200 side, each put on the same three entries on EURUSD and gold, M5 and M15. Head to head the time and ADX filters won 6 runs each. The one thing the time window did every time was cut trades by about 80%, which turned a 1,005-pip loss into a 196-pip loss.
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