How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Expert Heiken Ashi Smoothed Expert for MetaTrader 5

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Expert Heiken Ashi Smoothed

Info

The Expert Heiken Ashi Smoothed is a Expert Advisor for MetaTrader 5 that this is a trading system based on the signals of the heiken ashi smoothed indicator. A signal to perform a deal is formed at the close of a bar if the color of the indicator candlesticks changes from blue to red or vice versa.

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 Heiken Ashi Smoothed

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

This is a trading system based on the signals of the Heiken Ashi Smoothed indicator.

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.

This is a trading system based on the signals of the Heiken Ashi Smoothed indicator. A signal to perform a deal is formed at the close of a bar if the color of the indicator candlesticks changes from blue to red or vice versa.

Also recommended: Automated Live Testing for Expert Advisors on Demo Accounts - similar expert with strong performance on MetaTrader 5.

System Overview

The expert advisor uses the compiled indicator file heiken_ashi_smoothed.ex5 for operation. To use this expert advisor, save the indicator file to the terminal data folder, specifically in the mql5\indicators directory.
The tradealgorithms.mqh library file allows the use of expert advisors with brokers who offer nonzero spread and the option of setting stop loss and take profit during position opening. Additional variants of the library can be downloaded from other sources.

Testing Parameters

The default expert advisor's input parameters were used during the tests shown below. It is worth noting that stop loss and take profit were not used during these tests.
- The expert advisor was tested on the EURJPY H4 chart.
- The testing results for 2026 are provided below.

Testing Results

Figure 1 shows examples of trades on the chart.
Figure 2 displays the chart of testing results for 2026.

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

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#property indicator_chart_window 
#property indicator_buffers 5
#property indicator_plots   1
#property indicator_type1   draw_color_candles
#property indicator_color1  clrdodgerblue,clrred
#property indicator_label1  "heiken ashi open;heiken ashi high;heiken ashi low;heiken ashi close"

.......

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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.