Exp_SlopeDirectionLine - MetaTrader 5 Expert - MT4/MT5 Resources

The Exp_SlopeDirectionLine EA is based on the signals of the Slope Direction Line trend indicator.

If the indicator's line color changes when the bar closes, a trading signal is formed.

In order to operate the EA correctly, please place the compiled indicator file SlopeDirectionLine.ex5 into terminal_data_folder\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with brokers that offer the following services using non-zero spreads and the option to set Stop Loss and Take Profit when opening a position . 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 trading history on a chart.

2013 USDJPY H4 test results:

Figure 2. Test result chart

Attachment download

📎 exp_slopedirectionline.mq5 (8.97 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (60.95 KB)

📎 slopedirectionline.mq5 (10.24 KB)

Source: MQL5 #11254