Exp NR T R Duplex
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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.
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.
