Exp_StepSto_v1 - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

The Exp_StepSto_v1 trading system is a StepSto_v1 stochastic oscillator drawn based on the following signals. The signal to execute the trade is formed at the close of the bar. To trade on the purple level, the indicator's signal line is used as a filter. If the signal line is above 50, the EA can only open long positions and close short positions; if the signal line is below 50, it can only open short positions and close long positions. The signal to execute a trade is when the orange indicator line is broken by the purple signal line in the corresponding direction.

Put the StepSto_v1.ex5 compiled file into 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

📎 tradealgorithms.mqh (67.74 KB)

📎 stepsto_v1.mq5 (9.81 KB)

📎 exp_stepsto_v1.mq5 (5.85 KB)

Source: MQL5 #1414