Volatility Quality Trading System
Info
The Volatility Quality Trading System is a Expert Advisor for MetaTrader 5 that forex trading system based on indicator signals. The signal is generated when a bar closes and the indicator line changes color.
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 Quality Trading System
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
Forex trading system based on indicator signals.
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: APEX VELOCITY: Advanced Volatility Breakout System - another powerful expert for MetaTrader 5 traders.
Forex trading system based on indicator signals.Also recommended: Nikkei 225 EA: High Profitability with Low Volatility and Quiet Volume - similar expert with strong performance on MetaTrader 5.
The signal is generated when a bar closes and the indicator line changes color.
This Expert Advisor requires the compiled indicator file volatilityquality.ex5 to function. Place this file in the following directory: \mql5\indicators within your terminal's data folder.
The tradealgorithms.mqh library file enables the use of Expert Advisors with brokers that offer a non-zero spread and allow setting stop loss and take profit simultaneously with position opening.
Default Expert Advisor input parameters were used during the provided tests. Stop loss and take profit were not utilized during these tests.
The original Expert Advisor was developed in MQL4 and initially released on 08.24.2016.
Fig. 1. Trade examples on the chart.
Testing results for 2016 on GBPJPY H4:
Fig. 2. Chart of testing results.
You may also like: adx trend pullback ea: trend strength and volatility-based trading - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_color_line
#property indicator_color1 clrblue,clrmagenta
#property indicator_style1 style_solid
#property indicator_width1 3.......
⚠ 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.