Exp_2MoHLC - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources
Exp_2MoHLC is based on the 2MoHLC indicator. If the zero level breaks or the color of the cloud changes or the price of the cloud breaks (depending on the value of the mode input parameters of the Expert Advisor), a signal to execute the trade will be formed at the close of the bar.
Place 2MoHLC_.ex5 compiled 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.
2011 H4 USD/CHF test results:
Figure 2. Test result chart
Attachment download
📎 tradealgorithms.mqh (67.73 KB)
📎 exp_2mohlc.mq5 (7.33 KB)
📎 2mohlc_.mq5 (7.33 KB)
Source: MQL5 #1159
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