Exp_Karpenko - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Exp_Karpenko EA is based on the signal generated by the Karpenko oscillator.

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

For a correct operation of the EA, place the compiled indicator file Karpenko.ex5 to 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 GBPUSD H4 test results:

Figure 2. Test result chart

Attachment download

📎 karpenko.mq5 (5.65 KB)

📎 exp_karpenko.mq5 (6.28 KB)

📎 tradealgorithms.mqh (60.95 KB)

Source: MQL5 #11247