EXP OS HM A
Info
The EXP OS HM A is a Expert Advisor for MetaTrader 5 that the exp_oshma expert advisor is designed using signals from the oshma histogram. A trading signal is generated when the OSHMA histogram crosses the zero level or changes direction at the bar closing, depending on the selected mode in the input parameters.
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 OS HM A
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_OSHMA Expert Advisor is designed using signals from the OSHMA histogram.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
The EXP_OSHMA Expert Advisor is designed using signals from the OSHMA histogram.Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
A trading signal is generated when the OSHMA histogram crosses the zero level or changes direction at the bar closing, depending on the selected mode in the input parameters.To use this Expert Advisor, place the oshma.ex5 compiled file in the terminal_data_folder\mql5\indicators.
The default input parameters were used for the tests below, without stop loss or take profit.
Fig. 1: Historical Deal Instances in the Chart.
Testing Results for 2026 on NZDUSD H4:
Fig. 2: Chart of Testing Results.
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
enum algmode
{
breakdown, //breakthrough of zero by histogram
twist //changing the histogram direction
};
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.