How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free VL T Trade R Expert for MetaTrader 5

MetaTrader 5 expert

Download ALL MT5 experts (1593)

Similar MetaTrader Tools

VL T Trade R

Info

The VL T Trade R is a Expert Advisor for MetaTrader 5 that how it works the strategy is based on identifying bars with a size slightly smaller than the lowest bar over a specified period. When this condition is met, two pending stop orders are placed, and once one is triggered, the other is cancelled.

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 VL T Trade R

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

How it works The strategy is based on identifying bars with a size slightly smaller than the lowest bar over a specified period.

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: Trade Adjustment Panel - another powerful expert for MetaTrader 5 traders.

How it works
The strategy is based on identifying bars with a size slightly smaller than the lowest bar over a specified period. When this condition is met, two pending stop orders are placed, and once one is triggered, the other is cancelled.

Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.

Trade signals are defined by the indicator, which uses a single period parameter to determine the minimum bar size over a set number of bars. The green line represents the current bar size, while the blue line indicates the minimum bar size, and points mark the order placement signals.

The expert advisor's performance is illustrated in visual mode in Image 1, and the results are shown in Image 2.

Fig. 1. Expert Advisor Functionality.

Fig. 2. Expert Advisor Performance Results for the Last Month (09.2026) on EURUSD M15.

Parameters:

- Period: The indicator period.

- PendingLevel: The level for placing pending orders relative to the previous bar's high/low.

- Lots: Lot size.

- StopLoss: Stop loss in points (0 for no stop loss).

- TakeProfit: Take profit in points (0 for no take profit).

You may also like: Professional Automatic Trailing Stop Utility for MetaTrader 5 - excellent alternative for expert users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#define ind "ivlt"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/positioninfo.mqh>
#include <trade/orderinfo.mqh>
ctrade trade;

.......

Leave your opinion, ask a question, share some knowledge

⚠ 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.