Exp_XMA_Range_Channel - MetaTrader 5 Expert - MT4/MT5 Resources

Signal-based trading system XMA_RANGE_CHANNEL indicator. A signal is formed if the candlestick color changes from neutral to lime/green or pink/purple when the bar closes, i.e. if there is a breakout of the channel formed by the indicator line.

This Expert Advisor requires the compiled indicator file XMA_Range_Channel.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 trade on chart

2014 USDJPY H4 test results:

Figure 2. Test result chart

Attachment download

📎 exp_xma_range_channel.mq5 (7.93 KB)

📎 smoothalgorithms.mqh (130.19 KB)

📎 tradealgorithms.mqh (60.9 KB)

📎 xma_range_channel.mq5 (10.57 KB)

Source: MQL5 #14234