Exp_MBKAsctrend3 - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Exp_MBKAsctrend3 The trading system is based on changes in the displayed trend direction MBKAsctrend3 indicator. When the next indicator arrow appears, a signal to execute the trade is formed at the close of the bar.

Place the MBKAsctrend3.ex5 compiled file into terminal_data_folder\MQL5\Indicators.

The Expert Advisor offers the possibility to display the indicators used in the current chart directly from the Expert Advisor. No need to manually install indicators on charts. This is very convenient because after installing the Expert Advisor in the chart, the indicator is automatically displayed in the chart. The input parameters of this indicator are always the same as those of the Expert Advisor. The indicator will only appear on the chart if it coincides with the chart's time frame!

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.

Test results of USDCHFH4 in 2011:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (67.74 KB)

📎mbkasctrend3.mq5 (8.72 KB)

📎 exp_mbkasctrend3.mq5 (8.42 KB)

Source: MQL5 #1459