Are you looking to enhance your trading game? Let’s dive into the ColorJVariation oscillator, a powerful tool designed for MetaTrader 5 that can help you make informed trading decisions.
This trading system generates signals when the bar closes and the indicator shifts its color, giving you a clear cue on when to enter or exit trades.
To get started, simply place the ColorJVariation.ex5 file into your terminal’s data folder under MQL5/Indicators. It’s as easy as pie!
For the tests we conducted, we utilized the default settings of the Expert Advisor. Notably, we did not incorporate Stop Loss or Take Profit during these tests to see the raw potential of the system.
Fig. 1. The instances of history of deals in the chart
Let's take a closer look at the testing results for AUDUSD on a daily timeframe in 2011:
Fig. 2. Chart of testing results
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