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

Signal-based trading system MFI_Slowdown Indicator. If a colored indicator arrow appears, a signal is generated at the close of the bar.

This Expert Advisor requires the compiled indicator file MFI_Slowdown.ex5 to run. Place it into 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 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 GBPJPY H6 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 mfi_slowdown.mq5 (25.91 KB)

📎 exp_mfi_slowdown.mq5 (16.11 KB)

Source: MQL5 #16561