If you're looking to enhance your trading game, the Exp_ColorZerolagRSIOSMA Expert Advisor could be just what you need. This EA is built around the ColorZerolagRSIOSMA histogram, which signals potential trend changes based on oscillator direction.
To get started, you’ll need the compiled indicator file ColorZerolagRSIOSMA.ex5. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators directory.
What’s great about this EA is that it leverages the TradeAlgorithms.mqh library. This means you can use it with brokers that have nonzero spreads, and you can set up your Stop Loss and Take Profit right when you open a position. If you're interested in exploring more options, check out the Trade Algorithms library.
The default input parameters for the EA were used during the testing phase, and it’s worth noting that neither Stop Loss nor Take Profit settings were applied during these tests.
Fig.1. Trade examples on the chart
Here’s a look at the testing results from 2014 on the GBPJPY H4 timeframe:
Fig.2. Testing results chart
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