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Views:: 2444
Rating:: (17)
Published:: 2016.06.30 13:00
Updated:: 2023.03.29 13:47

\MQL5\Experts\

Exp_Q2MA.mq5 (8.21 KB) view

\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

TradeAlgorithms.mqh (60.9 KB) view

\MQL5\Indicators\

Q2MA.mq5 (6.48 KB) view

Download as ZIP, How to download code from MetaEditor

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Exp_Q2MA is based on the change of color of the Q2MA indicator. The signal is formed when a bar is closing if there is change in cloud color of the indicator. The EA features the ability to trade against a trend:

input bool       Invert=false;          //Trade against a trend

The Expert Advisor uses the compiled indicator file Q2MA.ex5 for operation. Save it to <terminal_data_folder>\MQL5\Indicators.

Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.

Default Expert Advisor's input parameters have been used during tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig.1. Examples of trades on the chart

Testing results for 2014 at GBPUSD H4:

Fig.2. Charts of testing results

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/15618

Q2MA_HTF

Q2MA indicator with the timeframe selection option available in input parameters.

M2_MA

Smooth non-trivial linear combination of EMA and LWMA averagings.

Exp_MaChannel

Trading system based on MaChannel indicator signals.

MaChannel_HTF

MaChannel indicator with the timeframe selection option available in input parameters.

Exp_Q2MA - expert for MetaTrader 5