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

Exp_NRatioSign Expert Advisor is based on the NR ratio sign .

A signal is formed when the indicator crosses the overbought or oversold level determined by the Expert Advisor input parameter value:

 Input unit HLR_UpLevel= 80 ; // Overbought level
Input unit HLR_Dn level = 20 ; // Oversold level

There are two trading algorithms available in the Expert Advisor input parameters:

 Input Alg_Method mode=MODE_OUT; // Breakthrough algorithm

1. Trade when entering oversold or overbought areas;
2. Trade when exiting oversold or overbought areas;

This Expert Advisor requires the compiled indicator file NRatioSign.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 EURUSD H6 test results:

Figure 2. Test result graph

Attachment download

📎 exp_nratiosign.mq5 (9.77 KB)

📎 smoothalgorithms.mqh (130.19 KB)

📎 TradeAlgorithms.mqh (60.9 KB)

📎 nratiosign.mq5 (12.53 KB)

Source: MQL5 #12594