exp_2mohlc
Info
The exp_2mohlc is a Expert Advisor for MetaTrader 5 that the exp_2mohlc expert advisor is based on signals from the indicator. A signal to perform a deal is formed at bar closing if the zero level is breached, the cloud color changes, or the cloud price is breached (depending on the mode input parameter value of the expert advisor).
Usage
This tool is typically used for automated trading on major forex pairs and gold.
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 exp_2mohlc
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
The exp_2mohlc expert advisor is based on signals from the indicator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis 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: 20 pips opposite last n hour trend - another powerful expert for MetaTrader 5 traders.
The exp_2mohlc expert advisor is based on signals from the indicator. A signal to perform a deal is formed at bar closing if the zero level is breached, the cloud color changes, or the cloud price is breached (depending on the mode input parameter value of the expert advisor).Also recommended: exp xk r i histogram - similar expert with strong performance on MetaTrader 5.
Place the 2mohlc_.ex5 compiled file in the terminal_data_folder\mql5\indicators.
Default input parameters were used during the tests shown below. Stop loss and take profit were not used during the tests.
Fig. 1. Instances of deal history in the chart.
Testing results for 2026 at USDCHF H4:
Fig. 2. Charts of testing results.
You may also like: trade signals based on bullish harami/bearish harami + cci indicator - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
enum mode_ //type of constant
{
cloudcolor=1, //change the color of cloud
breakdown //breakthrough of cloud
};
input double mm=-0.1; // share of a deposit in a deal, negative values - lot size
input int stoploss_=1000; //stop loss in points.......
⚠ 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.