The Exp_ColorSchaffRSITrendCycle Expert Advisor is based on the ColorSchaffRSITrendCycle oscillator change of position relative to the overbought and oversold levels. The signal is formed when a bar is closing if there is a level breakthrough.
This Expert Advisor requires the compiled indicator file ColorSchaffRSITrendCycle.ex5 in order to run. Place it in <terminal_data_folder>\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.
