Module of Trade Signals, based on BrainTrend1 indicator – library MetaTrader 5

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