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

Trading system based on stop loss reversal indication signal. If a colored indicator arrow appears, a signal is generated at the close of the bar.

The Expert Advisor operates using the compiled indicator file Stopreversal.ex5. Save it to <terminal data folder>\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit with brokers that offer the following services during position opening . You can download more variants of this library via the following link: Trading Algorithms .

The default input parameters of the Expert Advisor were used during the tests shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2015 EURUSD H6 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (185.34 KB)

📎 stopreversal.mq5 (19.73 KB)

📎 exp_stopreversal.mq5 (16.1 KB)

Source: MQL5 #18942