How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Blau Stochastic Trend Trading System MT5 Expert for MetaTrader 5

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Blau Stochastic Trend Trading System MT5

Info

The Blau Stochastic Trend Trading System MT5 is a Expert Advisor for MetaTrader 5 that this trading system utilizes the blau stochastic indicator to generate trade signals. A trade decision is confirmed when the histogram changes direction, the zero line is crossed, or the signal line cloud changes color.

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 Blau Stochastic Trend Trading System MT5

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 trading system utilizes the Blau Stochastic indicator to generate trade 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: Stochastic Protector - another powerful expert for MetaTrader 5 traders.

This trading system utilizes the Blau Stochastic indicator to generate trade signals.
A trade decision is confirmed when the histogram changes direction, the zero line is crossed, or the signal line cloud changes color.

Also recommended: trade signals based on 3 black crows/3 white soldiers + stochastic - similar expert with strong performance on MetaTrader 5.

Entry Algorithm Options

For the Expert Advisor (EA) to function correctly, ensure the compiled indicator file 'blautsstochastic.ex5' is placed in the 'terminal_data_folder\mql5\indicators' directory.
The 'tradealgorithms.mqh' library file supports EAs with brokers offering non-zero spreads and the ability to set Stop Loss and Take Profit upon position opening.
Default Expert Advisor input parameters were utilized during testing. Stop Loss and Take Profit were not employed in these tests.

Example Trading History

Testing Results for GBPUSD H4 (2012-2013):
Testing Results Chart

You may also like: trade signals based on dark cloud cover/piercing line + stochastic - excellent alternative for expert users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots   2
#property indicator_type1   draw_filling
#property indicator_color1  clrlime,clrred
#property indicator_label1  "blau ts stochastic signal"

.......

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⚠ 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.