Exp Stopreversal TM
Info
The Exp Stopreversal TM is a Expert Advisor for MetaTrader 5 that the exp_stopreversal_tm expert advisor operates based on indicator signals, allowing for precise trading time intervals. It generates signals at the bar's close when a colored indicator arrow appears.
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 Stopreversal 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
The exp_stopreversal_tm expert advisor operates based on indicator signals, allowing for precise trading time intervals.
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: Stopreversal Expert Advisor - another powerful expert for MetaTrader 5 traders.
The exp_stopreversal_tm expert advisor operates based on indicator signals, allowing for precise trading time intervals.Also recommended: EXP Weight Oscillator Direct Trading System - similar expert with strong performance on MetaTrader 5.
It generates signals at the bar's close when a colored indicator arrow appears.
Trading time customization is available through input parameters, utilizing start and end time variables (hours and minutes). Default settings enable trading throughout the session, starting at 0:00 and closing all positions at 23:59.
If the start time is later than the end time, the expert advisor will close positions the following day at the specified end time.
For proper functionality, ensure the stopreversal.ex5 compiled indicator file is placed in
Default input parameters were used in the tests, excluding stop loss and take profit.
Examples of Deals on the Chart
- Fig.1 illustrates sample trades.
Testing Results for 2026 at USDJPY H1
- Fig. 2 displays the testing results.
You may also like: simplified opening of stop orders - 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.