The Exp_ColorZeroLAG_MA Expert Advisor is based on the ColorZeroLAG_MA indicator change of direction. The signal is formed when a bar is closing if there is change in Moving Average direction.
This Expert Advisor requires the compiled indicator file ColorZeroLAG_MA.ex5 in order to run. Place it in <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. Trade examples on the chart
Testing results for 2014 on USDJPY H4:
Fig.2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13194
The ColorZeroLAG_MA indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.Trade Statistics Panel
The panel allows you to quickly evaluate the effectiveness of your trade strategy for a specified period of time (in the past) and for a certain magic number.