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Libraries

Module of Trade Signals, based on BrainTrend2 indicator - library for MetaTrader 5

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2149
Rating:
votes: 19
Published:
2011.08.03 16:29
Updated:
2016.11.22 07:32
\MQL5\Indicators\\MQL5\Include\Expert\Signal\MySignals\\MQL5\Experts\

A Lime candle of BrainTrend2 indicator is a signal to open a long position, a Magenta candle is a signal to open a short position. The signals are formed on the completed bars (candles).

The following input parameters were used when testing:

  • ATR period: 7;
  • Timeframe: H4;
  • Symbol: AUDUSD;
  • Lot: 0.1;
  • Stop Loss, Take Profit, Trailing: not used.

To use this module of trade signals in MQL5 Wizard, the braintrend2signal.mqh must be placed to terminal_data_folder\MQL5\Include\Expert\Signal\MySignals.

The module uses the BrainTrend2 indicator, the BrainTrend2.mq5 must be placed to terminal_data_folder\MQL5\Indicators.

Example of trades on the chart

Example of trades on the chart

History backtesting results starting from 2011:

History backtesting results

History backtesting results

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/415

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