Trading System Based on GO Indicator Signals
Info
The Trading System Based on GO Indicator Signals is a Expert Advisor for MetaTrader 5 that this is a trading system that operates based on signals generated by the go indicator. A trading signal is produced at the close of a bar when the indicator bars change color from red to green or green to red.
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 Trading System Based on GO 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
This is a trading system that operates based on signals generated by the GO 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.
This is a trading system that operates based on signals generated by the GO indicator.Also recommended: Basket Pair Closer: Efficiently Close Trading Positions - similar expert with strong performance on MetaTrader 5.
A trading signal is produced at the close of a bar when the indicator bars change color from red to green or green to red.The Expert Advisor requires the compiled indicator file GO.ex5 to function. Please ensure this file is saved in the
Please note that the tradealgorithms.mqh library file enables the use of Expert Advisors with brokers that provide a non-zero spread and allow setting Stop Loss and Take Profit levels during trade opening.
Default Expert Advisor input parameters were utilized for the testing period.
Fig. 1. Examples of trades on the chart.
Testing results for 2015 on GBPJPY H1 timeframe:
Fig. 2. Chart of testing results.
Testing results for 2026 on GBPJPY H1 timeframe:
Fig. 3. Chart of testing results.
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 "1.10"
#include <tradealgorithms.mqh>
/*enum marginmode - tradealgorithms.mqh
{
freemargin=0, //mm
balance, //mm
lossfreemargin, //mm
lossbalance, //mm .......
⚠ 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.