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How to Write an Expert Advisor or an Indicator

Top Expert Advisors for MetaTrader 5 based on user ratings - 20

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The Expert Advisor is based on Puria method with a few changes. It uses two iMA (Moving Average, MA) indicators and one iMACD (Moving Average Convergence/Divergence, MACD).

Trading signals are generated based on a comparison of two trend indicators: iMA (Moving Average, MA) and iSAR (Parabolic SAR). The EA works on the zero bar, only one position can be open. Trailing stop is used.

An Expert Advisor based on indicator Renko Level

Increasing a position volume. Entry signal by iDeMarker (DeMarker, DeM) indicator. Regular trailing and trailing by equity.

Grid of Stop and Limit pending orders.

The Expert Advisor based on the BullsBearsEyesindicator custom indicator

Working with pending Buy stop and Sell stop orders. Martingale.

The EA uses two indicators iMA (Moving Average, MA), Fast and Slow, and one indicator iBands (Bollinger Bands, BB).

This code snippet implements a dynamic risk management strategy for existing trades. It focuses on closing trades based on profit or loss thresholds and employs a trailing stop loss to lock in profits as the trade moves favorably. The strategy helps manage risk and enhance profitability in a streamlined manner.

Expert Advisor based on three moving averages and exit using Stop Loss or Take Profit. It sets up an entry with the trend.

Trading system using the AsimmetricStochNR indicator.

The Expert Advisor to perform global Stop Loss on all open positions

Trade direction is chosen based on a random number generator. Stop Loss and Take Profit are set based on the random number generator. Lot calculation based on the risk value as a percentage of free margin. The code contains protection against the "not enough money" error.

Advisor on the signals of the indicators Bollinger Bands and Moving Average.

The Expert Advisor is based on Bill Williams' strategy.

The Expert Advisor waits for a gap at the bar opening.

An Expert Advisor based on two indicators: iFractals (Fractals) and iAlligator (Alligator).

Classical Sudoku puzzle right in MetaTrader chart.

Intitial position is opened according to signals of the indicator.(there are six variants). If position becomes unprofitable, its volume is increased

The Exp_wlxBWWiseMan-2 Expert Advisor is designed using the semaphore signal indicator wlxBWWiseMan-2.

Trades on PERIOD_M1 (M1). Calculates bullish and bearish candlesticks.

MetaTrader 5 allows creating synthetic instruments. The price of such instruments can depend on the current values of a number of financial instruments. In trading, such symbols allow spotting the beginning and end of global market movements at an early stage. In this example we create synthetic instruments to analyze the strength of Forex currencies EUR, USD, GBP, JPY and CHF.

Very popular but dangerous strategy which doubles the stakes after each loosing trade. Finally, if there is enough margin it will reverse into the direction of the current price move and will eventually close in profit. This expert advisor is designed with visual strategy builder - Mission Automate. Code is generated automatically. More info: https://www.mql5.com/en/articles/4951

Classic strategy based on Parabolic SAR indicator. With Auto Lot options and Trailing Stop. This expert advisor is designed with visual strategy builder - Mission Automate. Code is generated automatically. More info: https://www.mql5.com/en/articles/4951

Something for those who wants to try out new Strategy Tester and don't have any EA.

The Expert Advisor based on the AMkA indicator

The Expert Advisor based on signal entry taken from the AroonSignal signal indicator

The Expert Advisor operating based on the SAR and ADX indicators where the permitted trade direction is selected based on trade results.

The trading system based on the signals taken from the ColorBullsBearsEyes oscillator

The trading system based on the signals taken from the MaRsi-Trigger trend indicator

The Expert Advisor based on the candlestick analysis where only four last bars are analyzed

The Expert Advisor on the T3MA-ALARM indicator

The Expert Advisor operates on the principle of the Moving Average. Simultaneously in both directions. Volume for BUY and SELL is calculated separately. Divide the volume received in accordance with the given "save percentage". It responds to the setting: "change the price"

The Exp_RD-TrendTrigger trading system is based on change of the trend direction displayed by the RD-TrendTrigger oscillator.

Sistema de negociação baseado no indicador ColorSchaffTrendCycle.

The Exp_FisherCGOscillator EA is based on the signals generated by the FisherCGOscillator oscillator.

The Exp_CronexAC EA is based on the signals generated by the CronexAC oscillator.

No indicators: Only Open and Close price analysis. Input parameters: Stop Loss, Take Profit, and Trailing.

One-click closing of all positions, or closing of all positions after getting the stated profit as a percentage of the deposit.

A trading system using the Modified_Optimum_Elliptic_Filter indicator.

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