Expert Advisor for Long and Short Trading Systems
Info
The Expert Advisor for Long and Short Trading Systems is a Expert Advisor for MetaTrader 5 that two identical trading systems based on the crossover of the indicator and the zero line, enabling long and short trades with customizable configurations in a single expert advisor. The input parameters are categorized into two groups:- Parameters starting with 'L' are for managing long positions.
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 Expert Advisor for Long and Short Trading Systems
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
Two identical trading systems based on the crossover of the indicator and the zero line, enabling long and short trades with customizable configurations in a single expert advisor.
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: VPS Toolkit: Secure Order Sending and Restart-Safe State for Expert Advisors - another powerful expert for MetaTrader 5 traders.
Two identical trading systems based on the crossover of the indicator and the zero line, enabling long and short trades with customizable configurations in a single expert advisor.Also recommended: Automated Live Testing for Expert Advisors on Demo Accounts - similar expert with strong performance on MetaTrader 5.
The input parameters are categorized into two groups:
- Parameters starting with 'L' are for managing long positions.
- Parameters starting with 'S' are for managing short positions.
These trading systems operate independently with distinct magic numbers. As financial markets often exhibit asymmetry, different parameters may be required for trading in rising and falling markets.
To configure the expert advisor effectively, it is recommended to test each trading system separately using dedicated switchers. After testing one system, repeat the process for the other.
For proper functionality, ensure the compiled CMO.ex5 indicator file is placed in
The default input parameters were utilized in the tests below, without employing stop loss and take profit.
Fig.1. Examples of deals on the chart with symmetrical settings.
Testing results for 2026 on USDJPY H4:
Fig. 2. Testing results chart.
Fig.2. Examples of deals on the chart with non-symmetrical settings.
You may also like: Programmatically Attach Expert Advisors with Custom Inputs to MetaTrader 5 Charts - 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.