Exp_ColorRsiMACD - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

Exp_ColorRsiMACD EA trades based on color RsiMACD histogram. When the bar closes, a signal is formed if the MACD histogram breaks above the zero level, or if the direction of the histogram or signal line changes, or if the histogram breaks above the signal line (depending on the option selected in the mode input parameters).

 Enter AlgMode Mode=MACD Disposal; //Algorithm for entering the market

This Expert Advisor requires the compiled indicator file ColorRsiMACD.ex5 to run. Place it in <terminal data folder>\MQL5\Indicators.

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

Figure 1. Example of trading history on a chart.

2015 USDJPY H6 test results:

Figure 2. Test result graph

Attachment download

📎 Exp_ColorRsiMACD.mq5 (12.02 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (60.9 KB)

📎 ColorRsiMACD.mq5 (11.13 KB)

Source: MQL5 #15753