The Exp_TEMA_CUSTOM Expert Advisor is based on the TEMA_CUSTOM indicator change of direction. The signal is formed when a bar is closing if there is change of direction of the indicator.
This Expert Advisor requires the compiled indicator file TEMA_CUSTOM.ex5 in order to run. Place it to <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. Examples of deals on the chart
Testing results for 2014 at USDJPY H4:
Fig.2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13943
Displays the number of decimal places (the number of digits in the fractional part), time and values of graphic object anchor points.TEMA_CUSTOMCandle
The TEMA_CUSTOM indicator implemented as a sequence of candlesticks.