The Exp_ColorBearsGap Expert Advisor based on signals of the ColorBearsGap indicator. The signal is formed when a bar is closing if there is change in histogram color of the indicator.
Place ColorBears.ex5 and ColorBearsGap.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 GBPJPY H8:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14433
The VKW_Bands_Modify indicator implemented as a sequence of candlesticks.Exp_LeManTrendHist
Trading system based on the signals of the LeManTrendHist indicator.