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

The Expert Advisor is based on signal inputs taken from the signal indicator AroonSignal. When the bar closes, a signal is formed if a new colored diamond appears, which means that the Aroon indicator realigns from the overbought/oversold areas and vice versa.

Place the AroonSignal.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 on a chart.

2011 H4 USD/CHF test results:

Figure 2. Test result chart

Attachment download

📎 aroonsignal.mq5 (8.25 KB)

📎 exp_aroonsignal.mq5 (6.98 KB)

📎 tradealgorithms.mqh (67.73 KB)

Source: MQL5 #1066