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


Exp_ChandelExitSign_ReOpen - expert for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 14
2017.03.22 16:12

The Exp_ChandelExitSign_ReOpen trading system based on the signals of the ChandelExitSign indicator with trend following scaling. The signal is formed when a bar is closing if a colored indicator arrow has appeared. Further, it scales the volume of the opened position if the profit points of the last deal in the position exceed the threshold specified in the EA input parameters.

Information on position scaling is stored in string comment to the trade in the format of: number of scales / price of last deal / volume of last deal.

In order to properly compile the Expert Advisor, you should save the ChandelExitSign.ex5 compiled file to the <terminal_data_folder>\MQL5\Indicators folder.

After compilation, the Exp_ChandelExitSign_ReOpen.ex5 expert file contains the ChandelExitSign.ex5 indicator as a resource, and therefore, it is not required to be present in the terminal folder for the compiled EA to work! For this purpose, the corresponding code has been added to the EA code in order to include this indicator in the expert's executable file.

The indicator executable file has been added as resources at the global scope

//---- Include the indicator in the EA code as resource
#resource \\Indicators\\ChandelExitSign.ex5

Changed the string paths to the indicators used as resources in the block of the OnInit() function

//---- Getting the ChandelExitSign indicator handle

Thus, the compiled executable file of the expert can be used on other trade terminals on its own without the indicators.

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.

Fig1. Examples of deals on the chart

Fig1. Examples of deals on the chart

Testing results for 2015 at USDCAD H8:

Fig.2. Chart of testing results

Fig.2. Chart of testing results

Translated from Russian by MetaQuotes Software Corp.
Original code:

ColorXMFI_Histogram ColorXMFI_Histogram

The smoothed Money Flow Index oscillator with the color indication of overbought/oversold level breakouts and of the histogram direction.

XOSignal XOSignal

A semaphore signal indicator. Its code does not contain averaging algorithms.

Currencyprofits_01.1 Currencyprofits_01.1

Crossing of the two iMAs. Lot calculation based on the risk value as a percentage of margin.


Smoothed Ichimoku oscillator