The Exp_SSL Expert Advisor is based on signals of the SSL indicator. A trade signal is formed at the bar closure, if there is a change in the indicator color.
The Expert Advisor uses the compiled indicator file SSL.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 the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of deals on the chart
Testing results for 2015 at EURUSD H8:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17844
The SSL indicator with the timeframe selection option available in input parametersColorKeltnerCandles
This indicator colors candlesticks in different colors depending on the strength and direction of the trend, using Keltner channels