If you're looking to enhance your trading strategy, the Exp_ColorHMA Expert Advisor might just be the game-changer you need. This EA is designed around the reversal signals of the ColorHMA moving average, generating buy or sell signals when there's a change in indicator direction as a bar closes.
To get started, ensure you have the compiled ColorHMA.ex5 indicator file. Simply place it in your <terminal_data_folder>\MQL5\Indicators directory, and you're good to go!
One noteworthy feature of this EA is its compatibility with brokers offering a nonzero spread. Plus, it allows you to set your Stop Loss and Take Profit levels right when you open a position. If you’re interested in exploring more trading algorithms, check out the Trade Algorithms library for additional options.
The default input parameters for the Expert Advisor were used in the tests outlined below, and it's important to note that Stop Loss and Take Profit settings were not applied during these tests.
Fig.1. Trade examples on the chart
Let's dive into the testing results for 2014 on the GBPJPY H8 pair:
Fig.2. Testing results chart
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