Exp_ColorMomentum_AMA - MetaTrader 5 Expert - MT4/MT5 Resources

EA Color Momentum_AMA indicator plotted against changes in direction. When the indicator changes direction, a signal to execute the trade is formed at the close of the bar.

Place the ColorMomentum_AMA.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.

EURAUD H4 test results 2011:

Figure 2. Test result chart

Attachment download

📎 exp_colormomentum_ama.mq5 (7.01 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.74 KB)

📎 colormomentum_ama.mq5 (7.68 KB)

Source: MQL5 #1348