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

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Published:

2016.01.20 10:57

Updated:

2016.11.22 07:32

\MQL5\Include\

tradealgorithms.mqh (60.9 KB) view

\MQL5\Indicators\

colormetro_wpr.mq5 (8.7 KB) view

\MQL5\Experts\

exp_colormetro_wpr.mq5 (6.61 KB) view

Download as ZIP, How to download code from MetaEditor

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Trading system using the ColorMETRO_WPR indicator. The signal is formed when a bar is closing if there is change in cloud color.

The Expert Advisor requires the compiled indicator file ColorMETRO_WPR.ex5 . Place it to terminal_data_directory\MQL5\Indicators.

Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.

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. Trade examples on the chart

Testing results for 2014 at GBPJPY H8:

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14495

ColorMETRO_WPR

Indicator of the oscillator type, which displays its values based on the WPR technical indicator.

Digital_CCI_Woodies_Sign

A semaphore signal indicator based on crossovers of the lines of the Digital_CCI_Woodies indicator.

ColorMETRO_WPR_HTF

The ColorMETRO_WPR with the timeframe selection option available in the input parameters.

METRO_WPR_Sign

Semaphore signal indicator based on the ColorMETRO_WPR indicator color change algorithm.

Exp_ColorMETRO_WPR - expert for MetaTrader 5