The Exp_ColorZerolagX10MA Expert Advisor is based on the ColorZerolagX10MA moving average 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 ColorZerolagX10MA.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/13353
The ColorZerolagX10MA indicator with the timeframe selection option available in the input parameters.Gaps
Indicator of price gaps between the previous Close and the current Open price.