The Exp_ColorSchaffWPRTrendCycle Expert Advisor is based on the ColorSchaffWPRTrendCycle 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 ColorSchaffWPRTrendCycle.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 GBPJPY H4:
Fig.2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13489
The Exp_ColorSchaffTriXTrendCycle Expert Advisor is based on the ColorSchaffTriXTrendCycle oscillator change of position relative to the overbought and oversold levels.Exp_ColorSchaffRVITrendCycle
The Exp_ColorSchaffRVITrendCycle Expert Advisor is based on the ColorSchaffRVITrendCycle oscillator change of position relative to the overbought and oversold levels.