If you're diving into the world of automated trading, the Exp_ColorSchaffDeMarkerTrendCycle Expert Advisor (EA) is a game changer. This EA leverages the ColorSchaffDeMarkerTrendCycle indicator to identify shifts around overbought and oversold zones. You'll get a trading signal as soon as a bar closes, especially when there’s a breakthrough at the zero level.
To get this EA up and running, you'll need the compiled indicator file ColorSchaffDeMarkerTrendCycle.ex5. Simply drop it into your <terminal_data_folder>\MQL5\Indicators directory.
One cool feature of this EA is its compatibility with brokers offering nonzero spreads. Plus, you can set your Stop Loss and Take Profit right when you open a position, thanks to the TradeAlgorithms.mqh library. If you're looking for more options, check out the Trade Algorithms library for additional variants.
During our tests, we utilized the default input parameters for this EA. It's worth noting that we didn’t apply any Stop Loss or Take Profit during these tests.
Fig.1. Examples of deals on the chart
Now, let’s take a look at the testing results for 2014 on the USDJPY H4 chart:
Fig.2. Testing results chart
Comments 0