Trading Trends - MetaTrader 5 Script - MQL5 #21992 - MT4/MT5 Resources
Indicator based on Andrew Abraham's "Trading the Trend" article on TASC.
There have been many "reincarnations" and renamed versions of this system out there, but since the metrics are pretty good, it seems like a good idea to have this system coded exactly as described in the original article. Usage is simple: the signal is based on color changes.
Attachment download
📎 trading_the_trend.mq5 (11.22 KB)
Source: MQL5 #21992
Trading Trends - MetaTrader 5 Script - MQL5 #21992 Usage and Filtering Advice
Trading Trends - MetaTrader 5 Script - MQL5 #21992 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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