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ColorXMUV Moving Average Signals with a Defined Trading Window

Article MQL5 code base
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Summary

This MetaTrader 5 Expert Advisor trades signals from the ColorXMUV moving-average indicator. A signal occurs when a bar closes and the indicator changes color. Inputs define the permitted trading window by start and end hour and minute; the default spans the day, with positions closed near its end. If the start time falls later than the end time, the position closing time is treated as occurring the following day.

The article describes setup requirements, including placing the compiled indicator in the platform’s Indicators folder and using a helper library for brokers that require nonzero spreads or stop-loss and take-profit settings at entry. It refers to example trades and a 2015 GBP/USD two-hour test, but gives no numerical performance statistics in the text. The cited test used default inputs and no stop loss or take profit, so it does not establish robustness or account for those risk controls.

Key ideas

  • The Expert Advisor enters when a bar closes and the ColorXMUV indicator changes color.
  • Users can constrain trading to a start and end time, with positions closed at the configured end.
  • An end time earlier than the start time is interpreted as falling on the next day.
  • The described GBP/USD test used default settings and omitted stop loss and take profit, with no numerical results reported.

Tags

ForexTechnical indicatorsExecutionBacktesting

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.