Exp_3LineBreak - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Signal Based Trading System 3 Line Break Indicator. When the color of the indicator bar changes from red to blue, a signal to execute a trade is formed at the close of the bar, and vice versa.

The Expert Advisor operates using the compiled indicator file 3LineBreak.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 USD/CAD H12 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 3linebreak.mq5 (5.02 KB)

📎 exp_3linebreak.mq5 (6.64 KB)

Source: MQL5 #15185