Hey fellow traders! Today, I want to introduce you to a trading system that’s making waves in the MetaTrader 5 community—the ColorXDerivative Expert Advisor (EA). This system utilizes signals from the ColorXDerivative indicator, specifically activating when a bar closes and there’s a shift in the oscillator's direction.
To ensure your EA runs smoothly, make sure you have the compiled file of ColorXDerivative.ex5 placed in your <terminal_data_directory>\MQL5\Indicators folder.
In the examples I’ll share below, we’re sticking with the default settings for the EA. Notably, we didn’t incorporate Stop Loss or Take Profit during our tests, so keep that in mind!
Fig. 1. Examples of deals on the chart
Now, let’s dive into the testing results for GBPUSD on the H12 timeframe over the year 2016:
Fig. 2. Testing results chart
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