Exp_SR-RateIndicator - MetaTrader 5 Expert - MT4/MT5 Resources

Trading system based on SR rate indicator indication signal. If the color of the bar changes from dark pink to bright pink or stone gray, that is when the indicator enters the overbought or oversold zone, a trading signal is generated at the close of the bar.

In order for the generated EA to run correctly, the compiled SR-RateIndicator.ex5 indicator file should be added to the <terminal data directory>\MQL5\indicators folder.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit with brokers that offer the following services during position opening .

The EA default input parameters are used in the following tests. Stop Loss and Take Profit were not used in the test.

Figure 1. Example of trade on chart

2017 EURUSD H12 test results:

Figure 2. Test result graph

Attachment download

📎 onesidegaussian.mqh (12.98 KB)

📎 tradealgorithms.mqh (237.01 KB)

📎 sr-rateindicator.mq5 (13.84 KB)

📎 exp_sr-rateindicator.mq5 (12.84 KB)

Source: MQL5 #23260