The 20s Trading System
Info
The The 20s Trading System is a Expert Advisor for MetaTrader 5 that a trading system utilizing the semaphore arrow indicator. A trade decision is executed when an arrow of the appropriate color and direction is displayed.
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 The 20s Trading System
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
A trading system utilizing the Semaphore Arrow 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: Interactive Chart Trading Panel with Risk Management for MT5 - another powerful expert for MetaTrader 5 traders.
A trading system utilizing the Semaphore Arrow indicator. A trade decision is executed when an arrow of the appropriate color and direction is displayed.Also recommended: Trading Panel EA - Enhanced Trade Management - similar expert with strong performance on MetaTrader 5.
The Expert Advisor necessitates the compiled indicator file, the_20s_v020.ex5. Please place this file in the terminal_data_directory\mql5\indicators folder.
Kindly note that the tradealgorithms.mqh library file facilitates the use of Expert Advisors with brokers providing a non-zero spread and the capability to set stop loss and take profit concurrently with position opening. Additional versions of this library can be accessed via the provided link.
The default input parameters of the Expert Advisor were employed during the testing phase detailed below. Stop loss and take profit were not utilized in these tests.
Figure 1: Instances of historical trades displayed on the chart.
Testing results for 2013 on EURJPY H1:
Figure 2: Chart of testing results.
You may also like: Blue Moon EA: Advanced EMA Envelope Trading for MT5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.10"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_arrow
#property indicator_color1 clrviolet
#property indicator_width1 4
#property indicator_label1 "sell".......
⚠ 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.