Exp_IBS_RSI_CCI_v4 - MetaTrader 5 Expert - MT4/MT5 Resources

The trading system uses the IBS_RSI_CCI_v4 indicator. If the color of the cloud changes, a signal will be formed when the bar closes.

Place the IBS_RSI_CCI_v4.ex5 compiled file into <terminal data folder>\MQL5\indicators .

After compilation, the Exp_Fractal_ADX_Cloud.ex5 expert file contains the Fractal_ADX_Cloud.ex5 indicator as a resource , therefore the compiled EA does not need to be present in the terminal folder to work! For this purpose, corresponding code has been added to the EA code in order to include this indicator in the EA's executable file.

The indicator executable has been added as a globally scoped resource:

Change the string path to the indicator used as a resource in the OnInit() function block:

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 along with opening positions with brokers that offer the following services. You can download more variants of this library via the following link: Trading Algorithms .

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 trade on chart

2015 GBPUSD H6 test results:

Figure 2. Test result chart

Attachment download

📎 Exp_IBS_RSI_CCI_v4.mq5 (14.18 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (121.8 KB)

📎 IBS_RSI_CCI_v4.mq5 (18.33 KB)

Source: MQL5 #17527