Simple Trading System Expert Advisor
Info
The Simple Trading System Expert Advisor is a Expert Advisor for MetaTrader 5 that the exp_simple_trading_system expert advisor is designed to utilize signals from the semaphore arrow signal indicator. This Expert Advisor operates by initiating trades when a colored arrow appears as a bar closes.
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 Simple Trading System Expert Advisor
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_simple_trading_system Expert Advisor is designed to utilize signals from the Semaphore Arrow Signal 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: Tick Scalper Helper: Tick Chart and One-Click Trading Panel for MT5 - another powerful expert for MetaTrader 5 traders.
The exp_simple_trading_system Expert Advisor is designed to utilize signals from the Semaphore Arrow Signal indicator.Also recommended: Basket Pair Closer: Efficiently Close Trading Positions - similar expert with strong performance on MetaTrader 5.
This Expert Advisor operates by initiating trades when a colored arrow appears as a bar closes.
To run this Expert Advisor, ensure you have the compiled indicator file simple_trading_system.ex5 placed in the <terminal_data_folder>\mql5\indicators directory.
The tradealgorithms.mqh library file is essential for compatibility with brokers that offer nonzero spreads and support setting stop loss and take profit at the time of position opening. You can access various versions of this library at the provided link.
The tests presented below were conducted using the default input parameters of the Expert Advisor, excluding the use of stop loss and take profit.
Examples of Deals on the Chart
Fig. 1 illustrates sample trades executed by the Expert Advisor.
Testing Results for 2026 on USDJPY H6
Fig. 2 displays the testing results for the specified period and currency pair.
You may also like: CME Equity Index Futures Holiday Calendar and Trading Halt Automation - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#define reset 0 //
#property indicator_type1 draw_arrow
#property indicator_color1 clrdeeppink
#property indicator_width1 4.......
⚠ 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.