Exp_3STO - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

Rafael Maia de Amorim

This trading system is based on three random signals from three different time frames. These two stochastic indicators are used to define the direction of the trend through the position of the stochastic indicator relative to the signal line. The third one is used to detect the crossover of the stochastic indicator with the signal line. When the bar closes, a signal is formed if the lower timeframe stochastics crosses in trend with the medium and upper timeframe stochastics.

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 have been used during testing, as shown below. Stop Loss and Take Profit were not used during testing.

This EA was originally written in MQL4 and was first published in the code base on July 2, 2009.

Figure 1. Example of trade on chart

2015 AUDUSD M30, M15, M5 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 exp_3sto.mq5 (19.5 KB)

Source: MQL5 #16732