Trading signals module based on the SilverTrend_Signal indicator - MetaTrader 5 library
The signal is formed at the close of the bar. The color point of the SilverTrend_Signal indicator serves as a market entry signal.
Place the SilverTrend_Signal.ex5 compiled file into terminal_data_folder\MQL5\Indicators.
The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.
Figure 1. Example of trade on chart
2011 H4 USD/CHF test results:
Figure 2. Test result graph
Since smoothing by the number of existing modules (basic one + one additional module) is performed during the "vote" calculation, the threshold should be indicated taking into account this fact. Therefore, after creating an Expert Advisor using the MQL5 Wizard, the Signal_ThresholdOpen and Signal_ThresholdClose values must be set to 40=(0+80)/2 and 20=(0+40)/2 respectively.
Attachment download
📎 silvertrend_signal.mq5 (7.12 KB)
📎 silvertrendsignal.mqh (12.27 KB)
📎 expm_silvertrend.mq5 (7.67 KB)
Source: MQL5 #839
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