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

Exp_ColorXADX The trading system changes the color of the XADX indicator based on the displayed trend direction. Based on the change in the color of the "XDi" indicator cloud, a signal to execute the trade is formed at the close of the bar.

In order to eliminate the triggering of the Expert Advisor on flat levels, the ability to determine the trend force was added, which level determines whether there is enough trend force to open a position. Trade filtering is performed via the input parameters of this indicator:

 Enter integer ultra high level = 30 ; //trend level is sufficient to open a position

Only transactions are filtered for entries, and no filtering is performed for exits.

Place the ColorXADX.ex5 compiled file into 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 in the chart.

2011 H4 USD/CHF test results:

Figure 2. Test result chart

Attachment download

📎 exp_colorxadx.mq5 (7.84 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.74 KB)

📎 colorxadx.mq5 (12.34 KB)

Source: MQL5 #1384