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

Exp_LSMA_Angle Expert Advisor breaks overbought and oversold levels based on LSMA_angle histogram. If this level is exceeded, a signal to open a position is formed on the close of the bar. If the zero level is exceeded, a closing signal is formed at the bar close time.

This Expert Advisor requires the compiled indicator file LSMA_Angle.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 results chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎lsma_angle.mq5 (8.65 KB)

📎 exp_lsma_angle.mq5 (6.54 KB)

Source: MQL5 #14046