If you're looking to enhance your trading strategy, the ColorMETRO_XRSX indicator could be just what you need. This trading system generates signals based on the closing of bars, specifically when there's a shift in cloud color.
To get started, simply place the compiled files XRSX.ex5 and ColorMETRO_XRSX.ex5 into your terminal's data folder under MQL5/Indicators.
It’s worth noting that the TradeAlgorithms.mqh library allows you to use Expert Advisors with brokers that offer a non-zero spread. This library also lets you set your Stop Loss and Take Profit at the same time as opening a position. If you want to explore more options, check out this link for additional library variants: Trade Algorithms.
The default input parameters for the Expert Advisor were utilized during the tests highlighted below, and it's important to mention that neither Stop Loss nor Take Profit were applied in these tests.
Fig. 1. Trade examples on the chart
Here are the testing results for 2014 on the GBPJPY H8 chart:
Fig. 2. Chart of testing results
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