Exp CG Oscillator X2
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Exp CG Oscillator X2
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.
Description & Settings
The Exp_CGOscillator_X2 trend trading system based on the signals from two indicators. The first indicator determines the direction of the slow trend based on the position of the main and signal lines. The second indicator determines the moment for opening a trade, when the lines are crossed or touched. The signal is formed when a bar is closing if two conditions are met:
Signals of the fast and slow trend match;
Direction of the fast trend has changed. Input parameters of the Expert Advisor
String variables containing text in the inputs code are included only for better visual display of the EA inputs window.
The CGOscillator_HTF indicators in the EA are intended only for a more convenient visualization of trends in the strategy tester, in other operation modes they are inactive.
In order to provide proper operation of the compiled Expert Advisor, you should add the compiled CGOscillator.ex5 and CGOscillator_HTF.ex5 indicator files to <terminal_data _folder>\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer
nonzero spread
and the option of setting Stop Loss and Take Profit
together with position opening
. You can download more variants of the library at the following link: .
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of deals on the chart
Testing results for 2015 on EURUSD, slow trend on H8, entry by fast trend on H1:
Fig. 2. Chart of testing results
