If you're on the hunt for a reliable trading system, let me introduce you to the Exp_ColorTrend_CF. This system is designed to help you spot trend direction changes, thanks to the handy ColorTrend_CF indicator. The signals kick in when a bar closes and the cloud color of the indicator shifts. It's a straightforward yet effective way to catch those market moves!
To get started, simply drop the ColorTrend_CF.ex5 file into your terminal_data_folder\MQL5\Indicators. This will set you up for success right out of the gate.
When we ran our tests below, we used the default input parameters for the Expert Advisor. Notably, we did not implement Stop Loss or Take Profit settings during the testing phase, so keep that in mind when assessing the results.
Fig. 1. The instances of history of deals in the chart.
The testing results for 2011 on XAUUSD H4 are particularly eye-opening:
Fig. 2. Chart of testing results.
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