Welcome to the world of trading! Today, we're diving into the AML trend indicator, a fantastic tool for MetaTrader 5 that can help you spot the best trading opportunities. This system uses the Moving Average trend to generate buy and sell signals. You'll know it's time to make a move when the line direction changes and its color shifts at the bar's close.
To get started, just place the ColorAML.ex5 file into your terminal's data folder, found at MQL5/Indicators.
The default settings for the Expert Advisor were utilized during testing, so keep in mind that no Stop Loss or Take Profit levels were applied in the results shown below.
Fig. 1. The instances of history of deals on the chart.
Let's take a look at the testing results for 2011 on the XAUUSD H4 timeframe:
Fig. 2. Chart of testing results
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