A trading system based on the signals of the Karacatica indicator. A signal is generated at the close of a bar if a colored indicator arrow has appeared.
The Expert Advisor uses the compiled indicator file Karacatica.ex5 for operation. Save it to <terminal_data_folder>\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with the brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit during 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 tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of trades on the chart
Testing results for 2015 on GBPJPY H4:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15215
A trading system based on the signals of the Heiken_Ashi_Smoothed indicator.XDerivative_StDev_HTF
The XDerivative_StDev indicator with the timeframe selection option available in input parameters.