MQL5 Wizard - GANN HiLo Signals - MetaTrader 5 Library - MT4/MT5 Resources
Signals based on the Gann Hilo indicator. There are three operating modes: triggered, continuous and both .
In triggered mode, a signal is generated only when price crosses the indicator or a pierce occurs. The rest of the time there will be no signal.
In continuous mode, the signal is always present. For example, a buy signal will always occur if the price is above the indicator and vice versa.
The two modes don't require much detail, with sporadic signals appearing based on trigger mode conditions and then continuous mode maintaining signal continuity. The real value of these options comes when we want to integrate this signal with other signals.
Attachment download
📎 signalgannhilo.mqh (10.13 KB)
📎hilo.mq5 (9.28 KB)
Source: MQL5 #15456
MQL5 Wizard - GANN HiLo Signal - MetaTrader 5 Library - MT4/MT5 Resource Usage and Screening Suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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