If you're on the hunt for a reliable trading tool, look no further than the Exp_ColorMaRsi-Trigger Expert Advisor. This nifty EA leverages signals generated by the ColorMaRsi-Trigger semaphore signal indicator, which triggers an alert when a bar closes and the indicator's color changes, or when a new color appears on the current bar.
To get this EA up and running, make sure you have the compiled indicator file ColorMaRsi-Trigger.ex5. You'll need to place this file in your <terminal_data_folder>\MQL5\Indicators directory.
Another cool feature is the TradeAlgorithms.mqh library file. This allows you to use EAs with brokers that offer nonzero spreads and lets you set your Stop Loss and Take Profit right when you open a position. If you're keen on exploring more variants of this library, check it out here: Trade Algorithms.
For the tests highlighted below, we used the default input parameters of the EA. Notably, neither Stop Loss nor Take Profit was utilized during these tests.
Fig.1. Trade examples on the chart
Now, let’s dive into the testing results from 2014 on the USDJPY H4:
Fig.2. Testing results chart
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