Ultra Fatl Expert Advisor
Info
The Ultra Fatl Expert Advisor is a Expert Advisor for MetaTrader 5 that this expert advisor utilizes an oscillator-based trading system. It generates signals at bar closing when the bar's color changes from a series of red or green variations.
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 Ultra Fatl 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
This expert advisor utilizes an oscillator-based trading system.
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: Expert Advisor: Exp Jbrain Sig1 Ultra RS I - another powerful expert for MetaTrader 5 traders.
This expert advisor utilizes an oscillator-based trading system. It generates signals at bar closing when the bar's color changes from a series of red or green variations. Deal exits are managed through pending orders or by the bar indicator's color change.Also recommended: Ultra WP R Expert Advisor - similar expert with strong performance on MetaTrader 5.
Installation:
- Place the 'ultrafatl.ex5' compiled file in the 'terminal_data_folder\mql5\indicators' directory.
Testing Parameters:
- The expert advisor was tested using default input parameters.
- Stop loss and take profit were not employed during testing.
Fig. 1: Historical Deal Instances in the Chart
Testing Results for 2026 on USDCHF H4:
Fig. 2: Chart of Testing Results
You may also like: exp fatl satl osma - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.01"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_plots 1
#define reset 0 // the constant for getting the command for the indicator recalculation back to the terminal
#property indicator_type1 draw_color_histogram2
#property indicator_color1 gray,magenta,hotpink,red,brown,limegreen,teal,lime,palegreen
#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.