Exp_ColorZerolagStochs - MetaTrader 5 Script - MT4/MT5 Resource

The Exp_ColorZerolagStochs EA is based on the signals generated by the Color Zero Lag Stochs Oscillator.

If the indicator's cloud color changes, a signal is formed when the bar closes.

For correct operation of the EA, please place the compiled indicator file ColorZerolagStochs.ex5 into terminal_data_folder\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with brokers that offer the following services using non-zero spreads and the option to set Stop Loss and Take Profit when opening a position . 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 trading history on a chart.

2013 USDJPY H4 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms_.mqh (60.99 KB)

📎 colorzerolagstochs.mq5 (11.71 KB)

📎 exp_colorzerolagstochs.mq5 (7.36 KB)

Source: MQL5 #2353