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Home Expbbandsstop Metatrader 5 Expert Advisor Metatrader 5 Experts | Exp_BBands_Stop | Source Code Included

Metatrader 5 Experts | Exp_BBands_Stop | Source Code Included

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RobotFX curates the best open-source MetaTrader code to inspire your trading automation.

The Exp_BBands_Stop Expert Advisor is based on the signals obtained from the BBands_Stop_v1 signal indicator. A signal for a transaction forms when a bar is closing, if the indicator changes its position and color.

Proper operation of the generated Expert Advisor requires the compiled indicator file BBands_Stop_v1.ex5 to be placed in terminal_data_directory\MQL5\Indicators.

Tests shown below were run using the default input parameters of the Expert Advisor. Stop Loss and Take Profit were not used during the tests.

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Fig. 1. Examples of deals on a chart

Fig. 1. Examples of transactions in the chart

Testing results for USDCHF H4 over 2011:

Fig. 2. Chart of testing results

Fig. 2. Testing results chart

Complement community code with advanced automation from RobotFX.

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