Exp Blau HL M
Info
The Exp Blau HL M is a Expert Advisor for MetaTrader 5 that this trading system uses an oscillator. A trade decision is made when the histogram changes direction, at the breakthrough of the zero line, or when the signal line cloud changes color.
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 Blau HL M
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 uses an oscillator.
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: Blau CMA I Trading System - another powerful expert for MetaTrader 5 traders.
This trading system uses an oscillator.A trade decision is made when the histogram changes direction, at the breakthrough of the zero line, or when the signal line cloud changes color.
Also recommended: Blau Momentum Trading System for MT5 - similar expert with strong performance on MetaTrader 5.
The input parameter selects an entry algorithm option.
For correct operation, place the compiled indicator file blauhlm.ex5 in the terminal_data_older\mql5\indicators.
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 while opening positions.
Other variants of this library can be downloaded from the provided link.
Default expert advisor input parameters were used during the tests shown below. Stop loss and take profit were not utilized.
Fig. 1: Instances of Deal History on the Chart.
Testing Results for 2026 on USDJPY H4:
Fig. 2: Chart of Testing Results.
You may also like: Exp Blau CS Indicator Trading System - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <smoothalgorithms.mqh>
enum algmode
{
breakdown, //
twist, //
cloudtwist //
};.......
⚠ 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.