If you're looking to enhance your trading strategy with the ColorLinearRegSlope_V2 indicator, you've come to the right place. This system generates signals at the close of each bar, specifically when the color of the indicator band changes. When it’s time to exit your trades, you can either use a pending order or react to a change in the band’s color.
To get started, simply place the ColorLinearRegSlope_V2.ex5 compiled file into your terminal_data_folder\MQL5\Indicators.
The default settings for the Expert Advisor were utilized during the tests highlighted below. Keep in mind that Stop Loss and Take Profit parameters were not applied during these tests.
Fig. 1. Instances of trading history on the chart.
Now, let’s take a look at the testing results for 2011 using the USDCHF on the H4 timeframe:
Fig. 2. Chart showcasing the testing results.
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