Exp_TrendEnvelopes - MetaTrader 5 Expert - MT4/MT5 Resources

The basis of EA trading is the trend envelope semaphore, a signal indicator. When a dot of the corresponding color appears, a signal to execute a trade is formed at the close of the bar.

Place the compiled TrendEnvelopes.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.

Test results of USDCHFH4 in 2011:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (67.74 KB)

📎 trendenvelopes.mq5 (10.88 KB)

📎 exp_trendenvelopes.mq5 (6.75 KB)

Source: MQL5 #1424