Exp_XMA_Range_Bands - MetaTrader 5 Expert - MT4/MT5 Resources

The trading system uses the XMA_Range_Bands universal Keltner Channel indicator. The signal to execute a trade is formed at the bar close when the price is within the channel borders.

Place the XMA_Range_Bands .ex5 compiled file and copy it 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 on a chart.

NZDUSD 2011 test results

Figure 2. Test result chart

Attachment download

📎exp_xma_range_bands.mq5 (8.72 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.73 KB)

📎 xma_range_bands.mq5 (9.37 KB)

Source: MQL5 #1278