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

Exp_TSICloud EA trades the TSI Cloud indicator based on color changes. If the indicator's cloud color changes, a signal is formed when the bar closes. EA has the ability to trade against the trend:

 Enter boolean Reversal = False ; //Trading against the trend

The Expert Advisor operates using the compiled indicator file TSICloud.ex5. Save it to <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 have been used during testing, as shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2015 EURUSD H4 test results:

Figure 2. Test results chart

Attachment download

📎 Exp_TSICloud.mq5 (9.58 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TradeAlgorithms.mqh (60.9 KB)

📎TSICloud.mq5 (9.01 KB)

Source: MQL5 #15657