The original version of BrainTrend1 has 4 parameters, but only 2 of them are used in this module of trade signals (ATR period and Stochastic period). For two other input parameters (MA_Method=MODE_SMA, STO_Price=STO_LOWHIGH) the default values are used.
A blue candle is a signal to open a long position, a red 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;
- Stochastic period: 9;
- Timeframe: H4;
- Symbol: GBPUSD;
- Lot: 0.1;
- Stop Loss, Take Profit, Trailing: not used.
To use this module of trade signals in MQL5 Wizard, the braintrendsignal.mqh must be placed to terminal_data_folder\MQL5\Include\Expert\Signal\MySignals.
The module uses the BrainTrend indicator, the BrainTrend1.mq5 must be placed to terminal_data_folder\MQL5\Indicators.
Example of trades on the chart
History backtesting results starting from 2011:
History backtesting results
