Trading system based on PChannel_System indicator signals. The signal is formed when a bar is closing if there has been the occurrence of a colored bar, and the previous bar had the opposite color or no color at all.
This Expert Advisor requires the compiled indicator file PChannel_System.ex5 in order to run. Place 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 the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. The instances of history of deals on the chart.
Testing results for 2015 on AUDUSD H6:
Fig. 2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15906
The Fisher_org_v1 indicator with the timeframe selection option available in input parameters.Exp_Donchian_Channels_System
Trading system based on Donchian_Channels_System indicator signals.