Exp_JBrainSig1_UltraRSI - MetaTrader 5 Expert - MT4/MT5 Resources

Exp_JBrainSig1_UltraRSI Expert Advisor is an indicator that analyzes market conditions using the following values ​​JBrainTrend1Sig and UltraRSI .

If the signal of the JBrainTrend1Sig indicator appears and the cloud color of the UltraRSI indicator coincides with the color of its signal, a signal for executing the trade is formed at the close of the bar. Similarly, a trading signal occurs when the cloud color of the UltraRSI indicator changes and the last signal of the JBrainTrend1Sig indicator matches the cloud color. Therefore, in this trading system, indicators filter each other. This strategy variant is activated when a combination (simultaneous filtering) is selected via the Expert Advisor's mode input parameters.

The other two values ​​are JBrainSig1Filter and UltraRSIFilter, for algorithms where one of these two indicators is a trading signal source and the other is a confirmation signal (signal filter).

Place the compiled files JBrainTrend1Sig.ex4 and UltraRSI.ex5 and copy them 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 NZDUSD H4 test results:

Figure 2. Test result chart

Attachment download

📎 exp_jbrainsig1_ultrarsi.mq5 (11.17 KB)

📎 smoothalgorithms.mqh (134.03 KB)

📎 tradealgorithms.mqh (67.73 KB)

📎 jbraintrend1sig.mq5 (8.73 KB)

📎 jma.mq5 (23.03 KB)

📎 ultrarsi.mq5 (11.09 KB)

Source: MQL5 #1189