Expert Advisor with WPR
Info
The Expert Advisor with WPR is a Expert Advisor for MetaTrader 5 that the expert advisor (ea) is a straightforward trading strategy based on the williams percent range (wpr) oscillator. It sells when the oscillator crosses downward from the overbought level and buys when it crosses upward from the oversold level.
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 with WPR
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 Expert Advisor (EA) is a straightforward trading strategy based on the Williams Percent Range (WPR) oscillator.
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.
The Expert Advisor (EA) is a straightforward trading strategy based on the Williams Percent Range (WPR) oscillator. It sells when the oscillator crosses downward from the overbought level and buys when it crosses upward from the oversold level. The entry signal is triggered when a bar closes and the level is crossed.Also recommended: Automated Live Testing for Expert Advisors on Demo Accounts - similar expert with strong performance on MetaTrader 5.
The tradealgorithms.mqh library file enables the use of this EA with brokers who offer nonzero spread and the ability to set stop loss and take profit simultaneously with position opening. You can find more variants of this library at the link provided.
The default EA input parameters were used for the tests shown below, and stop loss and take profit were not employed during these tests.
Fig. 1. Examples of trades on the chart
Testing results for 2026 on AUDUSD H3:
Fig. 2. Testing results chart
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.