Trading system based on STLMCandle indicator signals. A signal to perform a deal is formed at the close of a bar if the color of the indicator candlesticks changes from blue-green to orange or vice versa.
Place STLMCandle.ex5 and ColorSTLM_HISTOGRAM.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. The instances of history of deals on the chart.
Testing results for 2015 at EURUSD H4:
Fig. 2. Testing results chart
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16245
Indicator based on two moving averages from the "Cybernetic Analysis for Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading" book by John Ehlers.RVIDiff_HTF
The RVIDiff indicator with the timeframe selection option available in input parameters.