Signal Indicator to Expert MT5
- Utilities
-
William Oswaldo Mayorga Urduy
MQL4 and MQL5 trader and developer since February 2019, delivering projects in under one day and providing post-delivery technical support.
Optimized code, advanced logic, and high-quality code. - Version: 1.8
- Updated: 23 December 2025
- Activations: 7
User Manual: Expert Advisor "Universal Indicator Connector"
This system is a high-performance automation bridge designed to execute signals from any custom indicator (.ex5) without reprogramming. The expert acts as an intelligent order manager, allowing you to apply exit rules, money risk management, and time control to strategies that were originally only visual.
1. Indicator Link Configuration
For the expert to function, you must correctly "map" the external indicator:
IndicatorName: The exact name of the file in your Indicators folder.
Signal Type:
Intra-bar: Executes the order as soon as the signal appears.
Finished_bar: Waits for the candle to close to confirm the signal and avoid "repainting."
NBuffer Buy/Sell: Specify the data channel (0, 1, etc.) where the indicator generates the arrows.
Operations Type: Filter to allow only buys, only sells, or both.
AddtoChart: If enabled, the indicator will be automatically drawn on the chart.
2. Risk and Capital Management (Money Management)
The system offers three methods for calculating position size:
FIX_LOT: User-defined constant lot size.
LOT_RISK_MONEY: Calculates the lot size to risk a fixed amount of money based on the Stop Loss.
LOT_RISK_PERCENT_BALANCE: Risks a percentage of the total balance (e.g., 1%).
SL / TP Points: Protection and target levels in points. Note: Use 0 to trade without fixed limits.
3. Closing and Protection Rules
ClosebyContrary: Closes a buy order if a sell signal appears (and vice versa), maintaining the trend flow.
Time Expiration: Closes the trade after the configured time, ideal for scalping.
Break Even (BE): Moves the Stop Loss to the entry price (+ safety margin) when the price moves beyond the Activation points.
Trailing Stop (TSL): A dynamic stop that follows the price at a fixed distance to secure profits on long moves.
4. Filters and Earning Manager
Daily Stop Profit/Loss: If you reach your daily profit target or loss limit, the robot closes all trades and pauses until the next day.
Hourly and Weekly Filter: Define the exact hours and days of the week allowed for trading.
5. Screen Interpretation
The top panel displays the following in real time:
Profit Today: Net profit for the day (includes swaps and commissions).
Stop Profit P/N: Your configured daily limits.
Status: Indicates whether the robot is enabled by time (Enabled/Disabled).
6. Recommendations
Validation: Test in Demo mode that the indicator signals match the robot's openings.
Deviation: The Deviation parameter helps orders execute quickly in fast markets. A value of 50 is standard.
