If you're looking to up your trading game, you might want to check out a system that leverages the signals from the Candles_Smoothed indicator. This trading strategy generates a signal at the close of a candlestick whenever the color transitions between pink and blue. It's a straightforward yet effective way to spot potential trading opportunities.
To get started with this Expert Advisor, you'll need the compiled indicator file, Candles_Smoothed.ex5. Simply save it in your <terminal_data_folder>\MQL5\Indicators directory.
One important thing to note is that the TradeAlgorithms.mqh library file allows you to use Expert Advisors with brokers that offer a non-zero spread and lets you set your Stop Loss and Take Profit when you're opening positions. If you’re interested in exploring more options from this library, you can find additional variants at this link: Trade Algorithms.
During our back-testing, we used the default input parameters for the Expert Advisor, and we ran the tests without utilizing Stop Loss and Take Profit. Below, you can see the results we gathered.
Fig. 1. Examples of trades on the chart
Here are the testing results for 2015 on the GBPJPY H12 timeframe:
Fig. 2. Chart of testing results
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