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_BlauErgodicMDI - expert for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

votes: 20
2014.01.27 14:38
2016.11.22 07:32

This trading system uses the BlauErgodicMDI oscillator.

A trade decision is performed when the histogram changes direction, at the breakthrough of the zero line or when the color of the signal line cloud changes.

The following input parameter is used for selecting an entry algorithm option:

input AlgMode Mode=twist;   // Algorithm for entering the market

For a correct operation of the EA, place the compiled indicator file BlauErgodicMDI.ex5 to the 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. Other variants of this library can be downloaded from

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 2012-2013 (GBPUSD, H4):

Fig. 2. Chart of testing results

Fig. 2. Chart of testing results

Translated from Russian by MetaQuotes Software Corp.
Original code:

BlauTStochI BlauTStochI

Q-period Stochastic Index indicator from the book "Momentum, direction and divergence" by William Blau, implemented in the form of a color histogram.

Ang_AutoCh_HL-v1x3 Ang_AutoCh_HL-v1x3

The indicator plots three equidistant channels with the calculation periods defined in input parameters.

Instantaneous_TrendFilter Instantaneous_TrendFilter

An MA-based trend filter in the form of a colored cloud.

Fractal Dimension Index Fractal Dimension Index

The Fractal Dimension Index determines the amount of market volatility.