Exp_Volume_Weighted_MACandle - MetaTrader 5 Expert

The trading system is based on the Volume_Weighted_MACandle indicator signal. If the color of the indicator candlestick changes from green to pink or vice versa, a signal to execute the trade is formed at the close of the bar.

Place Volume_Weighted_MACandle.ex5 and Volume_Weighted_MA.ex5 compiled files into \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 trading history on a chart.

2015 GBPUSD H4 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 volume_weighted_ma.mq5 (8.63 KB)

📎 volume_weighted_macandle.mq5 (7.5 KB)

📎 exp_volume_weighted_macandle.mq5 (6.05 KB)

Source: MQL5 #15899