Download MetaTrader 5

Watch how to download trading robots for free

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

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

2016.10.10 15:47

Exp_CandlesticksBW - expert for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 20

The Exp_CandlesticksBW Expert Advisor based on signals of the CandlesticksBW indicator. The signal is formed when a bar is closing if a trend candle appears, and there was no trend candle before or it had the opposite direction.

This Expert Advisor requires the compiled indicator file CandlesticksBW.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. The instances of history of deals on the chart.

Fig. 1. The instances of history of deals on the chart.

Testing results for 2015 at EURUSD H4:

Fig. 2. Testing results chart

Fig. 2. Testing results chart

Translated from Russian by MetaQuotes Software Corp.
Original code:


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

i-SpectrAnalysis_OsMA i-SpectrAnalysis_OsMA

The indicator is an example of smoothing a time series of the OsMA indicator by filtering harmonics of higher order.

RAVI_Histogram RAVI_Histogram

The Range Action Verification Index indicator implemented as a histogram of strength and direction of the current trend.

Harmonic Pattern Finder Harmonic Pattern Finder

Indicator to display existent and emerging harmonic chart patterns.