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

Real author: Vladimir Hristov

The simplest EA is based on fractal MFI . Sell ​​when the oscillator crosses downward from overbought levels and buy when the oscillator crosses upward from oversold levels. When the bar closes, if there is a horizontal cross, a signal is formed.

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

After compilation, the Exp_Fractal_MFI.ex5 expert file contains the Fractal_MFI.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.

Metrics executable has been added as a global scope resource

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

Therefore, the expert-compiled executable can be used independently on other trading terminals without 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 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

EURAUD H2 test results 2015:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (178.23 KB)

📎fractal_mfi.mq5 (29.96 KB)

📎 exp_fractal_mfi.mq5 (18.66 KB)

Source: MQL5 #17120