Bykov Trend Color X2 MA Expert Advisor
Info
The Bykov Trend Color X2 MA Expert Advisor is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) incorporates two independent trading systems utilizing indicators. Signals for opening trades are generated when a bar closes, indicating a trend change through the color alteration of one of the two included indicators.
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 Bykov Trend Color X2 MA 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 (EA) incorporates two independent trading systems utilizing indicators.
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: Supertrend Scalper with Breakeven Win Rate Panel - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) incorporates two independent trading systems utilizing indicators. Signals for opening trades are generated when a bar closes, indicating a trend change through the color alteration of one of the two included indicators.Also recommended: Stormbreaker ADX - Supertrend and DMI Trend EA for MT5 - similar expert with strong performance on MetaTrader 5.
For the EA to function correctly, the compiled indicator files bykovtrend_v2.ex5 and colorx2ma.ex5 must be present in the terminal data directory's mql5\indicators folder.
The EA was tested using default input parameters. Stop loss and take profit levels were not utilized during the testing period.
Figure 1 displays exemplary trades on the chart.
Test results for USDJPY H6 over the year 2026 are presented.
Figure 2 shows the testing results chart.
You may also like: ATR Trend Guard MT5: Dynamic EMA Crossover Expert Advisor with Integrated Risk Management - excellent alternative for expert users on MetaTrader 5.
Source Code
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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.