ALTR Trend Signal Expert Advisor
Info
The ALTR Trend Signal Expert Advisor is a Expert Advisor for MetaTrader 5 that this expert advisor utilizes the semaphore signal indicator to generate trading signals. Trade decisions are executed when colored arrows appear, provided their direction aligns with the intended trade direction.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ALTR Trend Signal Expert Advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This expert advisor utilizes the Semaphore Signal indicator to generate trading signals.
Typical Use Case
This Expert Advisor excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Steep MA Trend EA - another powerful expert for MetaTrader 5 traders.
This expert advisor utilizes the Semaphore Signal indicator to generate trading signals. Trade decisions are executed when colored arrows appear, provided their direction aligns with the intended trade direction.Also recommended: Super Trend Trading EA - similar expert with strong performance on MetaTrader 5.
The tradealgorithms.mqh library file enables the use of expert advisors with brokers offering non-zero spreads and the option to set stop loss and take profit upon position opening. Additional library variants can be downloaded from the provided link.
The generated expert advisor requires the compiled indicator file altrtrend_signal_v2_2.ex5. Ensure this file is placed in the terminal_data_folder\mql5\indicators directory.
Figure 1 displays instances of trade history on the chart.
Testing results for 2026 on USDJPY H4:
Figure 2 shows the chart of testing results.
You may also like: adx trend pullback ea: trend strength and volatility-based trading - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <tradealgorithms.mqh>
input double mm=0.1; // share of a deposit in a deal
input marginmode mmmode=lot; // lot value calculation method
input int stoploss_=1000; // stop loss in points
input int takeprofit_=2000; // take proft in points
input int deviation_=10; // max. price deviation in points
input bool buyposopen=true; // permission to buy.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.