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

Exp_RSIOMA Expert Advisor is based on the RSIOMA histogram. When the bar closes, a signal is formed if the MACD histogram breaks the support or resistance level, or if the direction of the bar or signal line changes and the histogram breaks the signal line (depending on the option selected in the mode input parameters).

The RSIOMA_HTF indicator in the EA is only used for more convenient visualization of trends in the strategy tester, it is inactive in other operating modes.

Place the RSIOMA.ex5 and RSIOMA_HTF.ex5 compiled files into <terminal data folder>\MQL5\indicators .

After compilation, the Exp_RSIOMA.ex5 expert file contains the RSIOMA.ex5 and RSIOMA_HTF.ex5 indicators as shown below in the resource , therefore, they do not need to be present in the terminal folder for the compiled EA to work! For this purpose, corresponding code has been added to the EA code in order to include these indicators 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 executable compiled by experts 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

2015 H4 USD/CHF test results:

Figure 2. Test result chart

Attachment download

📎 Exp_RSIOMA.mq5 (27 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (178.23 KB)

📎RSIOMA.mq5 (22 KB)

📎RSIOMA_HTF.mq5 (29.56 KB)

Source: MQL5 #17054