exp nr t r duplex
Info
The exp nr t r duplex is a Indicator for MetaTrader 5 that two identical trading systems (for long and short positions) based on the signals of indicator , which can be differently configured within one ea. for this purpose, all inputs of the ea are divided into two large groups:if their names start with l, these are inputs to manage long positions; if their names start with s, these are inputs to manage short positions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use exp nr t r duplex
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
two identical trading systems (for long and short positions) based on the signals of indicator , which can be differently configured within one ea.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: boa zig zag arrows duplex - another powerful indicator for MetaTrader 5 traders.
two identical trading systems (for long and short positions) based on the signals of indicator , which can be differently configured within one ea. for this purpose, all inputs of the ea are divided into two large groups:
Also recommended: custom bulls power inputs - similar indicator with strong performance on MetaTrader 5.
if their names start with l, these are inputs to manage long positions;
if their names start with s, these are inputs to manage short positions.
these two trading systems use different magic numbers and are absolutely independent on each other. real financial markets are rarely symmetrical, so it is often a case that absolutely different parameters of the same trading system are required for bullish and bearish trading. for a convenient ea setting, you should initially test only one of the two trading systems, having disabled the second one using relevant switches.
upon having set up the first system, you should enable and set up the second one only.
for the ea to operate, the compiled
nrtr.ex5
indicator file must be in the <terminal_data_folder>\mql5\indicators folder.
the default ea inputs were used in tests below. stop loss and take profit were not used in testing.
fig 1. exemplary trades in a chart with symmetrical settings.
test results for gbpjpy h4 over the year 2016:
fig. 2. testing results chart.
fig. 3. exemplary trades in a chart with non-symmetrical settings.
You may also like: rs i - of adaptive t3 - excellent alternative for indicator 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.