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

The simplest non-indicator based trading system, where the entry moment is defined by the presence of one-way candlesticks. A signal to open a position occurs when there is a series of candlesticks that rise or fall simultaneously. The number of these candlesticks is defined by the Expert Advisor input parameters.

 Enter Unit Candle Trend Total = 3 ; // Number of candlesticks in one direction

It should be taken into account that the TradeAlgorithms.mqh library file is designed to allow the use of Expert Advisors by brokers that offer the following services: non-zero spreads and the ability to set Stop Loss and Take Profit while opening a position. Other variants of this library can be downloaded from https://www.mql5.com/en/code/1578 .

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 in the chart.

2011 XAUUSD H4 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (60.39 KB)

📎 exp_candletrend.mq5 (6.47 KB)

Source: MQL5 #1640