EXP TTM-Trend Reopen: Trend-Following EA with Scalping
Info
The EXP TTM-Trend Reopen: Trend-Following EA with Scalping is a Expert Advisor for MetaTrader 5 that the exp ttm-trend reopen trading system utilizes trend-following signals with scaling capabilities. A trade signal is generated at the bar's closure when a colored bar, indicating a potential trend change, appears.
Usage
This tool is typically used for scalping on lower timeframes (M1-M15).
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 TTM-Trend Reopen: Trend-Following EA with Scalping
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 TTM-Trend Reopen trading system utilizes trend-following signals with scaling capabilities.
Typical Use Case
This Expert Advisor excels in trend following 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: EXP 2PB Ideal MA Reopen: Moving Average Crossover with Position Scaling - another powerful expert for MetaTrader 5 traders.
The EXP TTM-Trend Reopen trading system utilizes trend-following signals with scaling capabilities.Also recommended: EXP BykovTrend Reopen: Trend-Following System with Scalable Positions - similar expert with strong performance on MetaTrader 5.
A trade signal is generated at the bar's closure when a colored bar, indicating a potential trend change, appears.
The Expert Advisor then scales the volume of an open position if the profit from the last deal within that position exceeds a predefined threshold.
Information regarding position scaling is recorded in the trade comment string, formatted as: number of scales / price of last deal / volume of last deal.
To ensure proper compilation, the `chandelexitsign.ex5` compiled file should be placed in the `
After compilation, the `exp_ttm-trend_reopen.ex5` Expert Advisor file incorporates the `ttm-trend.ex5` indicator directly as a resource. Consequently, the `ttm-trend.ex5` indicator file is not required to be present in the terminal folder for the compiled EA to function. This integration was achieved by embedding the indicator's code within the EA.
The indicator's executable file has been included as a resource within the global scope.
String paths for indicators used as resources have been updated within the `oninit()` function block.
As a result, the compiled executable file of the Expert Advisor can be utilized on other trading terminals independently, without the need for separate indicator installations.
The testing results shown below were generated using the default Expert Advisor input parameters. Stop Loss and Take Profit were not utilized during these tests.
Figure 1. Examples of trades on the chart.
Testing results for 2015-2026 on EURAUD H12:
Figure 2. Chart of testing results.
You may also like: EXP XOSignal Reopen: Trend Following Expert Advisor with Position Scaling - 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.