Simple Trading System
From the Old Kings archive: Simple Trading System, an indicator for MetaTrader 5. In the code it works with moving averages and ATR. It draws arrows on the chart. It has 4 settings, for example MAShift (default 4), MAPeriod (default 2) and MAType (default MODE_EMA). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT5 · v1.0 · Free
About Simple Trading System
Simple Trading System is an indicator for MetaTrader 5 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 4 settings, such as Ma shift, Ma period and Ma type. MQL source code included.
Files in the download: simple_trading_system.mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma shift | 4 | Bar shift (0 = current bar) |
| Ma period | 2 | Period or timeframe used by the calculation |
| Ma type | MODE_EMA | |
| Ma price | PRICE_CLOSE |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Moving Average · ATR · MT5 Indicator · MQL5 Source Code