The Exp_BnB Expert Advisor is based on the signals of the trend indicator BnB.
The signal is formed when a bar is closing if there is change in cloud color of the indicator.
For a correct operation of the EA, place the compiled indicator file BnB.ex5 to terminal_data_older\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1 The instances of history of deals on the chart.
Testing results for 2013 at XAUUSD H4:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/11407
A semaphore signal indicator that uses crossing of a classical moving average with Kaufman's AMA indicator.BvsB
An indicator for trend following trading implemented in the form of a colored cloud.