The Exp_ColorStochNR trading system based on the signals taken from the ColorStochNR oscillator. A signal to perform a deal is formed at bar closing when a trading signal forms (depending on the options selected in the input parameter Mode).
The algorithm varieties to generate trading signals:
Place the ColorStochNR.ex5 compiled file to the terminal_data_folder\MQL5\Indicators.
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 in the chart.
Testing results for 2011 at AUDUSD H4:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1338
The drawing of this Moving Average is based on Demark's method "Daily Range Projections".LinearRegressionChannel
Custom instrument of the linear regression. LR line, Support and Resistance lines values are in the buffers