Volatility Pivot Trading System with NRTR Indicator
Info
The Volatility Pivot Trading System with NRTR Indicator is a Expert Advisor for MetaTrader 5 that a trading system utilizing the nrtr indicator. Trade decisions are generated when colored cruciate labels appear, provided their direction aligns with the intended trade direction.
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 Volatility Pivot Trading System with NRTR Indicator
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 NRTR 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: adx trend pullback ea: trend strength and volatility-based trading - another powerful expert for MetaTrader 5 traders.
A trading system utilizing the NRTR indicator.Also recommended: stealth trade manager: protecting your trades from market volatility - similar expert with strong performance on MetaTrader 5.
Trade decisions are generated when colored cruciate labels appear, provided their direction aligns with the intended trade direction.The tradealgorithms.mqh library file supports expert advisors for brokers offering non-zero spreads and the ability to set stop loss and take profit concurrently with position opening.
For optimal performance, ensure the compiled indicator file volatilitypivot.ex5 is located in the terminal_data_folder\mql5\indicators directory.
Figure 1 displays historical trade instances on the chart.
Testing results for 2013 on XAUUSD H4 are shown in Figure 2.
Testing Results
Figure 1. Instances of history of deals on the chart.
Figure 2. Chart of testing results.
You may also like: GPF TC Pivot Limit - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_plots 4
#property indicator_type1 draw_line
#property indicator_color1 clrblue
#property indicator_style1 style_dashdotdot
#property indicator_width1 2.......
⚠ 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.