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2015.08.14 15:21
Experts

Exp_ColorSchaffMFITrendCycle - expert for MetaTrader 5

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\MQL5\Include\\MQL5\Indicators\\MQL5\Experts\

The Exp_ColorSchaffMFITrendCycle Expert Advisor is based on the ColorSchaffMFITrendCycle oscillator change of position relative to the overbought and oversold levels. The signal is formed when a bar is closing if there is a level breakthrough.

This Expert Advisor requires the compiled indicator file ColorSchaffMFITrendCycle.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

Fig.1. Trade examples on the chart

Testing results for 2014 on USDJPY H4:

Fig.2. Testing results chart

Fig.2. Testing results chart

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13462

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