Small_Inside_Bar_Strategy - MetaTrader 5 Expert - MT4/MT5 Resources

The EA uses the indicator bar to search for and display "insider" price action patterns.

The indicator itself is not needed for EA operation, since its data is calculated inside the EA.

When a bullish "Inside Bar" pattern is found, the EA will open a buy position, while for a bearish pattern, the EA will open a sell position.

There are three options for opening a position:

The EA allows to disable buy/sell activity and has a reverse mode, i.e. opening a sell position on a buy signal and vice versa.

The EA has twelve input parameters:

To check the strategy, the default settings were tested in 1-minute OHLC mode using EURUSD H1 during the time interval from January 4, 2016 to March 29, 2018. Then, in order to find the best values ​​for Stop Loss and Take Profit, the latter is optimized in the same pattern and at the same time intervals.

The optimal stop loss is 800 pips and the optimal take profit is 900 pips:

Attachment download

📎 small_inside_bar_strategy.mq5 (49.69 KB)

Source: MQL5 #20497

Small_Inside_Bar_Strategy - MetaTrader 5 Expert Pre-Using Tips

This page has been supplemented with structured instructions, focusing on the purpose of EA source code, MQL4/MQL5 platform compatibility, testing process and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen EA source code and are willing to do simulation disk verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around Small_Inside_Bar_Strategy - MetaTrader 5 Expert . Related search terms include: MQL4 source code, MQL5 source code. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.