Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Expert Advisor | Exp ColorStochNR

The Exp_ColorStochNR trading system based on the signals taken from the ColorStochNR oscillator. A signal to perform a deal is formed at bar closing when a trading signal forms (depending on the options selected in the input parameter Mode).

The algorithm varieties to generate trading signals:

  1. Breakthrough of the level 50 by the oscillator;
  2. Change of the oscillator direction;
  3. Change of the signal line direction;
  4. Breakthrough of the oscillator signal line;
  5. Breakthrough of the level 50 by the signal line.

Place the ColorStochNR.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.

MetaTrader Experts, Indicators, Scripts and Libraries

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

 Testing results for 2011 at AUDUSD H4:

MetaTrader Experts, Indicators, Scripts and Libraries

Fig. 2. Chart of testing results

1338

Best MetaTrader Indicators + Profitable Expert Advisors