Exp_RSIOMA_V2 - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

The trading system uses the RSIOMA_V2 indicator.

Trading decisions are made when the fast envelope of the colored cloud changes direction, breaks through oversold or overbought levels, or when the color of the signal line cloud changes.

The following input parameters are used to select input algorithm options:

 Enter AlgMode Mode=Fault; // Algorithm for entering the market

Expert Advisor trading requires compiled indicator file RSIOMA_V2.ex5. Place it into terminal_data_directory\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 with brokers that offer the following services: Open positions . 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 H4 USD/CHF test results:

Figure 2. Test result chart

Attachment download

📎 exp_rsioma_v2.mq5 (10.78 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (68.11 KB)

📎 rsioma_v2.mq5 (14.26 KB)

Source: MQL5 #2158