Welcome, fellow traders! If you’re on the lookout for a robust trading system, let’s dive into the ColorXdinMA_StDev indicator. This nifty tool generates signals that help you make informed trading decisions. A signal is triggered at the close of a bar whenever a new color point appears on the indicator. And when it’s time to exit the market? You’ll receive a signal if the indicator’s direction shifts against your open position.
To get started, you'll need the compiled indicator file, ColorXdinMA.ex5. Make sure to save it in your <terminal_data_folder>\MQL5\Indicators directory.
What’s great about this system is the TradeAlgorithms.mqh library. It lets you run Expert Advisors even with brokers that offer non-zero spreads while also permitting the simultaneous setting of Stop Loss and Take Profit right when you open a position. You can grab more variations of this library here.
The testing results I’ll share below utilized the default input parameters of the Expert Advisor, and just a heads-up: Stop Loss and Take Profit weren’t applied during these tests.
Fig. 1. Examples of trades on the chart
Now, let’s take a look at the testing results for EURUSD H4 from 2015:
Fig. 2. Charts of testing results
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