Ever think about creating a robot that will trade with the support of charts that you can customize? Such a solution offers the trading solution deriving from the entire trading history, thus improving the winning chances on the MT5 platform.
LibCustomChart expert advisor is a free robot using the LibCustomChart.ex5 that you will find in the platform’s library. Once you linked the EA to a chart, this will detect the iCustomChart and uses it in the trading process.
Parameters of the LibCustomChart EA
- History – all located in the terminal data
- Bars – the maximum number of bars to be displayed in the chart
- Update – at each chart tick or once a new bar appears
- Once you upload the iCustomChart in the chart window, the robot will start using it automatically
LibCustomChart EA for MetaTrader 5 Installation
MetaTrader 5 robot LibCustomChart is easy to attach to the EA: after you put the libCustomChart.ex5 in Libraries folder, download the functions, in the include folder, then Example 1 EA in Experts. Example 1 is easy to launch either in standard or in customized chart.
The robot will access the history on opening time and date, opening price, highest and lowest price, closing price, volumes, and spread. It performs analysis of the market and decides when to trade based on the estimation it makes for future trends.
LibCustomChart trading robot can be customized per your request, in term of trading pairs, timeframe etc. But one of the best features is that it finds examples of EAs in MQL5 codes in the Code Base, and thus has the potential to implement the most appropriate trading strategy for determined market conditions.
Do not like this robot? Pick another one from our table of the best robots for the MT5!
|Dark Cloud Cover and Piercing Line||Engulfing and MFI||Exp_Fast2||LeManTrend||Hammer and MFI|
|LibCustomChart||Lines CrossOver||Multik EA||Puria Method||Stars and RSI|