Exp_ForecastOscilator - MetaTrader 5 Expert - MT4/MT5 Resources

Exp_ForecastOscilator EA is based on the Forecast Oscillator semaphore signal indicator.

When the bar closes, a trading signal is formed if a new colored indicator arrow appears.

This Expert Advisor requires the indicator file compiled with ForecastOscilator.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 GBPJPY H12 test results:

Figure 2. Test results chart

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 forecastoscilator.mq5 (11.29 KB)

📎 exp_forecastoscilator.mq5 (8.25 KB)

Source: MQL5 #13636