Meet the Author:
The Exp_ColorJ2JMAStDev is a trading system that leverages signals from the ColorJ2JMAStDev indicator. A signal is triggered at the close of a bar when the indicator shows a color point. If the indicator reverses direction against an open position, it generates a market exit signal.
To use this Expert Advisor, make sure you have the compiled indicator file ColorJ2JMAStDev.ex5 saved in your <terminal_data_folder>\MQL5\Indicators directory.
Keep in mind that the TradeAlgorithms.mqh library file is essential for using Expert Advisors with brokers that provide a non-zero spread and allow for the simultaneous setting of Stop Loss and Take Profit when opening a position. You can find additional versions of this library at this link: Trade Algorithms.
The default input parameters for the Expert Advisor were utilized in the tests displayed below. Notably, neither Stop Loss nor Take Profit was applied during these tests.
Fig. 1. Examples of trades on the chart
Here are the testing results for 2015 on the EURUSD H4 timeframe:
Fig. 2. Charts of testing results
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