Hey there, fellow traders! Today, we're diving into the Exp_ColorRsiMACD Expert Advisor, which is designed to help you make informed trading decisions based on the signals from the ColorRsiMACD histogram. This EA generates signals when a bar closes, particularly if the MACD histogram breaks through the zero level or if there's a shift in the direction of the histogram or signal line. The breakout of the signal line by the histogram also plays a crucial role, depending on your selected options in the Mode input parameter.
input AlgMode Mode=MACDdisposition;//algorithm to enter the market
To get started with this Expert Advisor, you'll need the compiled indicator file ColorRsiMACD.ex5. Make sure to drop it into your <terminal_data_folder>\MQL5\Indicators directory to ensure everything runs smoothly.
For the testing shown below, we used the default input parameters of the EA. Please note that we didn't apply any Stop Loss or Take Profit during these tests.
Fig. 1. The instances of history of deals on the chart.
Now, let’s look at the testing results for the year 2015 on the USDJPY H6:
Fig. 2. Testing results chart
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