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You liked the script? Try it in the MetaTrader 5 terminal

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Published:

2012.12.21 12:36

Updated:

2016.11.22 07:32

\MQL5\Include\

tradealgorithms.mqh (67.74 KB) view

\MQL5\Indicators\

colormetro.mq5 (8.76 KB) view

exp_colormetro.mq5 (5.93 KB) view

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Trading system using the ColorMETRO indicator. A signal to perform a deal is formed at bar closing when the color of the cloud changes.

Place ColorMETRO.ex5 compiled file to the terminal_data_folder\MQL5\Indicators.

Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig. 1. The instances of history of deals on the chart.

Fig. 1. The instances of history of deals in the chart.

Testing results for 2011 at XAUUSD H4:

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1297

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The Kagi chart drawn in a separate subwindow

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The chart of (three) linear breakthrough in a separate subwindow

BullsBearsVolume

The indicator displays the dominant force of market movement (bulls-bears) to the volume

Flat-Trend

The indicator to define the trend and the flat.

Exp_ColorMETRO - expert for MetaTrader 5