Trading system based on MaChannel indicator signals. A signal is formed at the close of a bar if a large colored dot of the indicator has appeared.
The Expert Advisor uses the compiled indicator file MaChannel.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 2015 on EURJPY H8:
Fig. 2. Charts of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15619
Exp_Q2MA is based on the change of color of the Q2MA indicator.Q2MA_HTF
Q2MA indicator with the timeframe selection option available in input parameters.