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

Exp_SimpleBars Expert Advisor Signal simple bars based on trend indicators.

If the color of the indicator bar changes, a trading signal is formed when the bar closes.

In order to operate the EA correctly, please place the compiled indicator file SimpleBars.ex5 into terminal_data_older\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 trading history on a chart.

2013 XAUUSD H6 test results:

Figure 2. Test result chart

Attachment download

📎 simplebars.mq5 (6.08 KB)

📎 exp_simplebars.mq5 (6.05 KB)

📎 tradealgorithms.mqh (68.11 KB)

Source: MQL5 #11429