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Exp_ColorSchaffTrendCycle - expert for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

votes: 17
2013.01.18 13:00
2016.11.22 07:32

The trading system is based on the signals of the ColorSchaffTrendCycle indicator. A signal to perform a deal is formed at bar closing when there is breakthrough of the histogram in overbought/oversold level.

These levels are defined by input parameters of the Expert Advisor:

input int HighLevel=+60; //oversold level
input int LowLevel=-60;  //overbought level

Place ColorSchaffTrendCycle.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 USDCHF H4:

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Software Corp.
Original code:

ColorSchaffTrendCycle ColorSchaffTrendCycle

The SchaffTrendCycle oscillator performed as a color histogram.

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