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

This trading system is drawn on the basis of the JMASlope indicator. The signal to execute the trade is formed at the close of the bar.

Depending on the input parameter values, one of the two algorithms of the trading system can be selected:

 Enter AlgMode mode=fault; //Algorithm for entering the market

In the first algorithm, if the zero line is broken, a signal is formed to execute the trade. In the second algorithm, the signal is formed when the oscillator changes direction.

Place the compiled JMASlope.ex5 file copied to terminal_data_folder\MQL5\Indicators.

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

📎 exp_jmaslope.mq5 (8.18 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.74 KB)

📎 jmaslope.mq5 (7.43 KB)

Source: MQL5 #1524