Exp_BBands_Stop - MetaTrader 5 Expert | Forex Indicators Download - MT4/MT5 Resources

Exp_BBands_Stop Expert Advisor is based on the signal indicator from BBands_Stop_v1 . If the indicator changes its position and color when the bar closes, a trading signal is formed.

Correct operation of the generated Expert Advisor requires placing the compiled indicator file BBands_Stop_v1.ex5 in the terminal data directory \MQL5\Indicators.

The test shown below was run with the expert advisor using default input parameters. Stop loss and take profit testing were not used during this period.

Figure 1. Example of trades in the chart

2011 H4 USD/CHF test results:

Figure 2. Test results chart

Attachment download

📎 tradealgorithms.mqh (67.73 KB)

📎 exp_bbands_stop.mq5 (5.87 KB)

📎 bbands_stop_v1.mq5 (12.73 KB)

Source: MQL5 #1070