Exp_CMO - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources

Exp_CMO Expert Advisor enters the CMO indicator based on signals obtained from. When the color of the cloud indicator changes to the opposite color, a signal to execute the trade is formed at the close of the bar.

Place the CMO.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 EURJPY H4 test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (67.73 KB)

📎 cmo.mq5 (8.29 KB)

📎 exp_cmo.mq5 (5.86 KB)

Source: MQL5 #1141