SignalTech MT5
SignalTech MT5 is a trading system for EURUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, EURJPY, AUDJPY, NZDJPY, CADJPY H2 and H3 Timeframe.
It can generate signals with Buy/Sell Arrows and Pop-Up/Sound Alerts. Each signal has clear Entry and Stop Loss levels, which should be automatically flagged on the chart, as well as potential Targets 1, 2, and 3.The Entry and TP levels are fixed after the trade is taken.
The exit level is dynamic. If there are signs of a potential short-term trend reversal, the system will generate an exit signal regardless of profit or loss.
No over-optimization, never repaint.
1. Key Logic:
The key logic was published in the Journal of the UK Society of Technical Analysts (Issue 90. Page 36-48 ）and the Journal of Stock & Forex Trading (ISSN 2168-9458), respectively. The current Accutrade System was developed after further modifications and corrections.
-- Wang, Y. (2021). Tendency forex system: A backtestable indicator. Market Technician, 90, 36-48. [Google Scholar]
-- Wang, Y. (2024) Razor Forex System: Backtesting and the Combination with Tendency Forex System. J Stock Forex. 11:250 [Google Scholar]
2. Filter:
When a signal is generated, we should use the MTF Trend Collection as a filter.
https://www.mql5.com/en/market/product/168577
2.1 The signal should have the same direction as the filter from the higher timeframe. For example:
If we get a EURUSD sell signal on H2 Timeframe, the MTF Trend Detector on EURUSD H4 Timeframe must be “Down.” If we get a EURUSD sell signal on H3 Timeframe, the MTF Trend Detector on EURUSD H6 Timeframe must be “Down.” If we get a EURUSD sell signal on H4 Timeframe, the MTF Trend Detector on EURUSD H8 Timeframe must be “Down.” And vice versa for the Buy Trade.
2.2 For conservative traders, you can directly use the Daily chart as the filter. For example:
If we get a EURUSD sell signal on H2 Timeframe, the MTF Trend Detector on EURUSD Daily must be “Down.” And vice versa for the Buy Trade.
2.3 If you trade on the H1 timeframe, we strongly recommend using the H4 timeframe as the filter. For example:
If we get a EURUSD sell signal on H1 Timeframe, the MTF Trend Detector on EURUSD H4 timeframe must be “Down.” And vice versa for the Buy Trade.
3. FIFO Compatibility: Yes
4. Data Feed:
It needs very accurate data feed. We highly recommend MetaQuotes Demo accounts.
If you use Broker account, Tickmill Demo account is good.
Therefore, Forex Strategist does not support symbols with any suffix.
5. Input Parameters:
Line setting:
Line Style: Default is Solid
Buy Color: Default is White
Sell Color: Default is White
Stop Loss Color: Default is White
Target Color: Default is Gold
Corner: Default is Let upper chart corner
X Panel: Default is 10
Y Panel: Default is 20
BackGround1: Default is DarkBlue
BackGround 2: Default is 47,47,47
Text Color: Default is White
