Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 2552
Rating:: (19)
Published:: 2016.01.20 10:36
Updated:: 2016.11.22 07:32

\MQL5\Include\

tradealgorithms.mqh (60.9 KB) view

\MQL5\Indicators\

loco.mq5 (9.28 KB) view

\MQL5\Experts\

exp_loco.mq5 (6.75 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The Exp_Loco Expert Advisor based on signals of the Loco indicator. The signal is formed when a bar is closing if there is change in icon color of the indicator.

This Expert Advisor requires the compiled indicator file Loco.ex5 in order to run. Place 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 the tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig. 1. Trade examples on the chart

Testing results for 2014 on USDJPY H8:

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14425

Loco_HTF

The Loco with the timeframe selection option available in the input parameters.

AtrRange_HTF

The AtrRange with the timeframe selection option available in the input parameters.

VKW_Bands_Modify

The indicator for determining the time when the pending orders should be placed.

ATR_3XMA_HTF

The ATR_3XMA indicator with the timeframe selection option available in the input parameters.

Exp_Loco - expert for MetaTrader 5