ts t
Info
The ts t is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is designed to trade based on price action and the current market context, without relying on any indicators. The EA's strategy is straightforward: it monitors the price movement relative to the high and low of the current bar (the rightmost bar on the chart).
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 ts t
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 Expert Advisor (EA) is designed to trade based on price action and the current market context, without relying on any indicators.
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: Awesome Oscillator Pullback EA for EURUSD: +209% in 2026 Backtest - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) is designed to trade based on price action and the current market context, without relying on any indicators.Also recommended: Change Point: Bayesian Online Change Point Detection - similar expert with strong performance on MetaTrader 5.
The EA's strategy is straightforward: it monitors the price movement relative to the high and low of the current bar (the rightmost bar on the chart).
When the price retraces from the high by a certain percentage (defined by the 'rollback rate' parameter) and then moves up within the new bar, it triggers a buy signal. Conversely, when the price retraces from the low by the same percentage and then moves down within the new bar, it triggers a sell signal.
Key Features:
- Position Volume: Users can set the lot size for each trade.
- Stop Loss and Take Profit: Customizable risk management settings.
- Trailing Stop: Option to enable trailing stop with a user-defined step.
- Timeframe Selection: OHLC and bar opening time are taken from the selected timeframe.
- Rollback Rate: Percentage of price retracement to trigger signals.
- Reverse Signal: Option to reverse the direction of signals for opening positions.
- Magic Number: Unique identifier for the EA to manage trades.
The EA was tested on all symbols on the D1 timeframe from 2026.01.01 to 2026.05.10 using the 'Every Tick' model based on real ticks, with promising results.
You may also like: Canvas Tabs: A Lightweight Tab Bar for MQL5 using C Canvas - 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.