Exp_CHOWithFlat - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Exp_CHOWithFlat Expert Advisor CHO Band Flat indicator based on color changes. If the indicator's cloud color changes, a signal is formed when the bar closes.

Place the CHO.ex5 and CHOWithFlat.ex5 compiled files into \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 along with opening positions with brokers that offer the following services. You can download more variants of this library via the following link: Trading Algorithms .

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 trade on chart

2014 USDJPY H8 test results:

Figure 2. Test result chart

Attachment download

📎 exp_chowithflat.mq5 (7.21 KB)

📎 smoothalgorithms.mqh (130.19 KB)

📎 tradealgorithms.mqh (60.9 KB)

📎 cho.mq5 (6.98 KB)

📎 chowithflat.mq5 (10.1 KB)

Source: MQL5 #14112