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

The trading system is based on a single indicator for beginners . When the colored dot appears, a signal is formed to execute the trade at the close of the bar.

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

The Expert Advisor offers the possibility to display the indicators used in it on the current chart directly from the Expert Advisor. No need to manually install indicators in charts. This is very convenient because after installing the Expert Advisor on the chart, the indicator is automatically displayed on the chart. The input parameters of this indicator are always the same as those of the Expert Advisor. The indicator will only appear on the chart if it coincides with the chart's time frame!

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.

USD/CHF test results in the first half of 2011:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (67.74 KB)

📎 beginner.mq5 (7.16 KB)

📎 exp_beginner.mq5 (7.88 KB)

Source: MQL5 #1443