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2013.01.18 13:00
Experts

Exp_TrendEnvelopes - expert for MetaTrader 5

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\MQL5\Include\\MQL5\Indicators\

The Expert Advisor drawn on the basis of the TrendEnvelopes semaphore, signal indicator. A signal to perform a deal is formed at bar closing when a color point of the corresponding color appears.

Place TrendEnvelopes.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 on the chart.

Fig. 1. The instances of history of deals in the chart.

Testing results for 2011 at USDCHFH4:

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1424

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The SchaffTrendCycle oscillator performed as a color histogram.

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The trading system is based on the signals of the ColorSchaffTrendCycle indicator.