New free code from MQL5: indicators, EAs, and scripts for traders.
Trading system using the AnchoredMomentum indicator. A signal to perform a deal is formed at bar closing when there is breakthrough of high or low level indicator. Exit from the deal is performed either by a pending order, or by changing color of the indicator from pink to green or vice versa.
Place AnchoredMomentum.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.
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Fig. 1. The instances of history of deals in the chart.
Testing results for 2011 at AUDUSD H4:
Fig. 2. Chart of testing results.
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