Exp 3 Parabolic Trading System
Info
The Exp 3 Parabolic Trading System is a Expert Advisor for MetaTrader 5 that the trading system utilizes the signals of three technical indicators: isar parabolic. The signal is generated when the third parabolic's bar closes, and its signal is confirmed by the trend signals of the other two parabolics.
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 3 Parabolic Trading System
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 trading system utilizes the signals of three technical indicators: Isar Parabolic.
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: Interactive Chart Trading Panel with Risk Management for MT5 - another powerful expert for MetaTrader 5 traders.
The trading system utilizes the signals of three technical indicators: Isar Parabolic. The signal is generated when the third parabolic's bar closes, and its signal is confirmed by the trend signals of the other two parabolics.Also recommended: Trading Panel EA - Enhanced Trade Management - similar expert with strong performance on MetaTrader 5.
The default expert advisor's input parameters were used during the tests shown below. Stop loss and take profit were not employed during the tests.
Fig. 1. Instances of deal history on the chart.
Testing results for 2026 on USDCHF H4:
Fig. 2. Charts of testing results.
You may also like: Blue Moon EA: Advanced EMA Envelope Trading for MT5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
input double mm=-0.1; // share of a deposit in a deal, negative values - lot size
input int stoploss_=1000; //stop loss in points
input int takeprofit_=2000; //take profit in points
input int deviation_=10; //max. price deviation in points
input bool buyposopen=true; // permission to buy
input bool sellposopen=true; // permission to sell
input bool buyposclose=true; // permission to exit long positions.......
⚠ 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.