The Exp_AnchoredMomentumCandle Expert Advisor based on signals of the AnchoredMomentumCandle indicator. The signal is formed when a bar is closing if there is change in candlestick color of the indicator.
Place AnchoredMomentum.ex5 and AnchoredMomentumCandle.ex5 compiled files to the <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 at USDJPY H12:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14392
The ColorRMACD with the timeframe selection option available in the input parameters.BigBarSound
The BigBarSound indicator plays sound alerts when candlestick body size exceeds a certain value.