If you're looking to step up your trading game, the Exp_ColorZeroLAG_MA Expert Advisor might just be the tool you need. This EA is designed to work with the ColorZeroLAG_MA indicator, focusing on detecting changes in market direction. The magic happens when a bar closes, indicating a shift in the Moving Average direction.
Before diving in, make sure you have the compiled indicator file ColorZeroLAG_MA.ex5 in place. You’ll need to drop it into your <terminal_data_folder>\MQL5\Indicators directory to get started.
It’s important to note that this EA utilizes the TradeAlgorithms.mqh library, which allows you to trade with brokers that feature a nonzero spread. Plus, it gives you the flexibility to set your Stop Loss and Take Profit right when you open a position. You can find additional versions of this library at the following link: Trade Algorithms.
For the tests outlined below, the default input parameters for the Expert Advisor were utilized, and no Stop Loss or Take Profit settings were in play.
Fig.1. Trade examples on the chart
Here are the testing results for 2014 on the USDJPY H4 pair:
Fig.2. Testing results chart
Comments 0