The Exp_Simple_Trading_System Expert Advisor is based on signals generated by the Simple_Trading_System semaphore arrow signal indicator.
The signal is formed when the bar is closing if there is a colored arrow.
This Expert Advisor requires the compiled indicator file simple_trading_system.ex5 in order to run. Place it to <terminal_data_folder>\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. Examples of deals on the chart
Testing results for 2014 at USDJPY H6:
Fig. 2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/12581
The Ozymandias indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.Bezier_StDev
The Bezier indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.
The indicator draws candlesticks of a larger timeframe as color filled rectangles using the data provided by the TrendlessAG indicator.TrendlessAGSign
A semaphore signal indicator that uses breakthroughs of the zero line from the TrendlessAG oscillator to generate signals.