Exp_ColorFisher_m11 - MetaTrader 5 Expert - MT4/MT5 Resources

Signal-based trading system ColorFisher_m11 indicator. If the color of the histogram changes to blue or pink, that is when the oscillator enters the overbought or oversold zone, a signal to open a position is generated on the close of the bar. When the color of the histogram changes to the opposite direction, a signal to close the position is formed.

This Expert Advisor requires the compiled indicator file ColorFisher_m11.ex5 to run. Add it to <Terminal Data Folder>\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit with brokers that offer the following services during position opening . You can download more variants of this library via the following link: Trading Algorithms .

The default input parameters of the Expert Advisor were used during the tests shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2015 GBPUSD H4 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (185.34 KB)

📎 colorfisher_m11.mq5 (15.95 KB)

📎exp_colorfisher_m11.mq5 (13.21 KB)

Source: MQL5 #18785