EXP Blau TV I TM
Info
The EXP Blau TV I TM is a Expert Advisor for MetaTrader 5 that expert advisor exp_blautvi_tm is based on the signals of a trend-following indicator, allowing for the setting of a specific trading time interval. The signal is generated when a bar closes, and the indicator histogram changes direction.
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 TV I TM
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
Expert Advisor EXP_Blautvi_TM is based on the signals of a trend-following indicator, allowing for the setting of a specific trading time interval.
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.
Expert Advisor EXP_Blautvi_TM is based on the signals of a trend-following indicator, allowing for the setting of a specific trading time interval.Also recommended: Blau Momentum Trading System for MT5 - similar expert with strong performance on MetaTrader 5.
The signal is generated when a bar closes, and the indicator histogram changes direction.
Trading time can be specified in the input parameters to trade within a defined time frame. Two variables (hours and minutes) are provided for the start time, and two similar variables for the end time.
By default, the Expert Advisor trades the entire session from 0:00, and all positions are closed at 23:59. If the start time is later than the end time, the EA will close positions the following day at the specified time.
For successful compilation, the indicator file 'blautvi.ex5' must be placed in the terminal_data_directory\mql5\indicators folder. When compiling the EA, the indicator is included as a resource, eliminating the need for it in the terminal folder.
Default input parameters were used for the tests below, without stop loss and take profit.
Fig. 1. Examples of deals on the chart
Testing results for 2026 on USDJPY H1:
Fig. 2. Testing results chart
You may also like: Exp Blau CS Indicator Trading System - 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.