Exp_Directed_Movement Expert Advisor is based on the change of color of the CCI_Woodies indicator. The signal is formed when a bar is closing if there is change in cloud color of the indicator. The EA features the ability to trade against a trend:
input bool Invert=false; //Trade against a trend
The Expert Advisor uses the compiled indicator file CCI_Woodies.ex5 for operation. Save it to <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 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 2014 at EURUSD H6:
Fig.2. Charts of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15581
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.