Welcome, fellow traders! Today, we're diving into the world of the Exp_ColorZerolagRVI Expert Advisor, a handy tool for your MetaTrader 5 setup. This EA is designed to jump into the market whenever the ColorZerolagRVI indicator cloud shifts color, signaling potential trading opportunities.
To get started with this EA, you’ll need the compiled indicator file ColorZerolagRVI.ex5. Make sure to place it in your <terminal_data_folder>\MQL5\Indicators directory for everything to run smoothly.
During the tests outlined below, we kept the default settings for the Expert Advisor. It’s worth noting that we didn’t employ any Stop Loss or Take Profit parameters, which is something to consider when you’re testing this EA yourself.
Fig.1. Trade examples on the chart
Let’s take a look at the testing results for 2014, specifically focusing on the GBPJPY H4 chart:
Fig.2. Testing results chart
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