Exp_Volume_Weighted_MA_StDev - MetaTrader 5 Expert

The trading system is based on the Volume_Weighted_MA_StDev indicator signal. If the indicator's colored point appears, a signal is formed at the close of the bar. If the indicator changes in the opposite direction to open positions, a market exit signal is generated.

This Expert Advisor requires the compiled indicator file Volume_Weighted_MA_StDev.ex5 to run. Place it in <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 trading history on a chart.

2015 EURJPY H4 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 volume_weighted_ma_stdev.mq5 (15.79 KB)

📎 exp_volume_weighted_ma_stdev.mq5 (11.17 KB)

Source: MQL5 #15852