Exp_BullsBearsEyes - MetaTrader 5 Expert - MT4/MT5 Resources

The Expert Advisor Exp_BullsBearsEyes is based on signal inputs obtained from the ColorBullsBearsEyes indicator. A signal to execute a trade is formed at the close of the bar when the indicator's average line breaks, the histogram direction or the signal line changes and the overbought/oversold areas or exit from the borders of these areas (depending on the option selected in the input parameters mode).

The ColorBullsBearsEyes indicator is specially assembled for use in Expert Advisors, for which all signal input determination algorithms are placed in this indicator to maximize the simplicity of the Expert Advisor code. The trading signal itself formed by the indicator is placed under the second number in the indicator buffer in SignBuffer[]. ColorBullsBearsEyes indicator is an eyes indicator for bulls and bears .

Place the ColorBullsBearsEyes.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 H4 USD/CHF test results:

Figure 2. Test result chart

Attachment download

📎 tradealgorithms.mqh (67.73 KB)

📎 bullsbearseyes.mq5 (7.47 KB)

📎colorbullsbearseyes.mq5 (11.86 KB)

📎 exp_bullsbearseyes.mq5 (6.57 KB)

Source: MQL5 #1103