SSL Expert Advisor: Trend Following with SSL Indicator Signals
Info
The SSL Expert Advisor: Trend Following with SSL Indicator Signals is a Expert Advisor for MetaTrader 5 that the ssl expert advisor operates by generating trade signals based on the ssl indicator. A trade signal is triggered at the bar's closure if the SSL indicator changes color.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 SSL Expert Advisor: Trend Following with SSL Indicator Signals
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 SSL Expert Advisor operates by generating trade signals based on the SSL indicator.
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: VPS Toolkit: Secure Order Sending and Restart-Safe State for Expert Advisors - another powerful expert for MetaTrader 5 traders.
The SSL Expert Advisor operates by generating trade signals based on the SSL indicator.Also recommended: Automated Live Testing for Expert Advisors on Demo Accounts - similar expert with strong performance on MetaTrader 5.
A trade signal is triggered at the bar's closure if the SSL indicator changes color.The Expert Advisor requires the compiled indicator file 'ssl.ex5' to function. Please ensure this file is saved in the
The 'TradeAlgorithms.mqh' library file facilitates the use of Expert Advisors with brokers who support non-zero spreads and allow setting Stop Loss and Take Profit simultaneously with position opening.
Default Expert Advisor input parameters were utilized for the testing depicted below. Stop Loss and Take Profit were not applied during these tests.
Figure 1: Example Deals on the Chart
Testing Results for 2015 on EURUSD H8:
Figure 2: Chart of Testing Results
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.