Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Libraries

Trading signals module based on NonLagDot indicator - library for MetaTrader 5

Views:
5174
Rating:
(26)
Published:
2012.02.29 15:29
Updated:
2016.11.22 07:32
\MQL5\Indicators\
nonlagdot.mq5 (7.32 KB) view
\MQL5\Include\Expert\Signal\MySignals\ \MQL5\Experts\
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The signal is formed when a bar is closing. The moment, when NonLagDot indicator changes its color, indicates the time for market entry.

Place NonLagDotl.ex5 compiled file to the terminal_data_catalogue\MQL5\Indicators.

Creation of a trading robot based on this trading signals module has nothing special in it. It has been described in details in the article "MQL5 Wizard for Dummies". The general idea of creating a trading signals module has been described in the article "Simple Trading Systems Using Semaphore Indicators".

Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.

Fig.1. Deals examples on the chart

Fig.1. Deals examples on the chart

Testing results for 2011 at USDCHF H4:

Fig.2. Test results chart

Fig.2. Test results chart

Note:

The Expert Advisor generated using MQL5 Wizard chooses the moments for opening and closing positions based on the results of the "voting" of trading signals added during the Expert Advisor creation. The main trading signals module (containing all added ones) also takes part in the "voting" but its LongCondition() and ShortCondition() methods always return 0.

Since the smoothing by the number of present modules (basic one + one additional module) is performed during the "votes" calculation, threshold values should be indicated considering this fact. For this reason, Signal_ThresholdOpen and Signal_ThresholdClose values must be set to 40=(0+80)/2 and 20=(0+40)/2, respectively, after creation of the Expert Advisor code using MQL5 Wizard.


Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/836

Trading signals module based on ColorLaguerre indicator Trading signals module based on ColorLaguerre indicator

Trading signals module for MQL5 Wizard. The moment, when the oscillator line formed by ColorLaguerre changes its color, indicates the time for market entry.

Trading signals module based on Karacatica indicator Trading signals module based on Karacatica indicator

Trading signals module for MQL5 Wizard. Karacatica indicator's color arrow serves as a market entry signal.

Trading signals module based on PriceChannel_Stop indicator Trading signals module based on PriceChannel_Stop indicator

Trading signals module for MQL5 Wizard. The moment, when PriceChannel_Stop indicator changes its color, indicates the time for market entry.

Trading signals module based on Candles_Smoothed indicator Trading signals module based on Candles_Smoothed indicator

Trading signals module for MQL5 Wizard. The moment, when a candlestick formed by Candles_Smoothed changes its color, indicates the time for market entry.