Exp_Color_PEMA_Envelopes_Digit_System - MetaTrader 5 Expert

Signal-based breakout trading system Color_PEMA_Envelopes_Digit_System indicator. If a colored bar appears and the previous bar has the opposite color or no color at all, a signal is formed when the bar closes.

The Expert Advisor operates using the compiled indicator file Color_PEMA_Envelopes_Digit_System.ex5. Save 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 H12 test results:

Figure 2. Test result graph

Attachment download

📎 Exp_Color_PEMA_Envelopes_Digit_System.mq5 (14.44 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (185.34 KB)

📎 Color_PEMA_Envelopes_Digit_System.mq5 (31.88 KB)

Source: MQL5 #18748