Exp_FiboCandles - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

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

The Expert Advisor operates using the compiled indicator file FiboCandles.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 with brokers that offer the following services during position opening . 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 H12 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎fibocandles.mq5 (8.72 KB)

📎 exp_fibocandles.mq5 (7.66 KB)

Source: MQL5 #15189