If you're looking to enhance your trading strategy, the Exp_ColorZerolagX10MA Expert Advisor could be just what you need. This EA is designed around the ColorZerolagX10MA, which focuses on detecting shifts in moving average direction. The magic happens when a bar closes and signals a change in direction.
To get this EA up and running, you'll need to have the compiled indicator file ColorZerolagX10MA.ex5 stored in your <terminal_data_folder>\MQL5\Indicators directory.
One notable feature of this EA is its compatibility with brokers offering nonzero spreads. Plus, it allows you to set your Stop Loss and Take Profit at the same time you open a position. If you’re interested in exploring more options, check out the Trade Algorithms library for additional resources.
During testing, we used the default input parameters of the EA, and it’s worth mentioning that Stop Loss and Take Profit settings were not employed in these tests.
Fig.1. Trade examples on the chart
Now, let’s dive into the testing results for 2014 using the USDJPY H4 pair:
Fig.2. Testing results chart
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