The Exp_Instantaneous_TrendFilter Expert Advisor enters the market when the Instantaneous_TrendFilter indicator cloud changes its color. The signal is formed when a bar is closing if the oscillator has crossed its signal line.
This Expert Advisor requires the compiled indicator file Instantaneous_TrendFilter.ex5 in order to run. Place it in <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. Trade examples on the chart
Testing results for 2014 on USDJPY H2:
Fig.2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13823
The Instantaneous_TrendFilter indicator with the timeframe selection option available in the input parameters.DayExtremumZones
Indicator of daily extremum zones. Flexible parameter setting is allowed.