Module of Trade Signals, Based on T3 Indicator – library MetaTrader 5

The signals are formed at completed bars. T3 indicator is used as a custom indicator for module of trade signals.

The downward crossover of moving average is a signal to open a long position, the upward crossover of moving average is a signal to open short position.

The following input parameters were used when testing:

  • T3Period: 14;
  • b_: 70;
  • Other input parameters: default;
  • Symbol: GBPUSD;
  • Lot: 0.1;
  • Stop Loss, Take Profit, Trailing Stop: not used

To use this module of trade signals in MQL5 Wizard, the basedonindicatorexpertsignal.mqh and t3signal.mqh files must be placed to terminal_data_folder\MQL5\Include\Expert\MySignals. The module uses T3 indicator, the t3.mq5 file must be placed to terminal_data_folder\MQL5\Indicators. TheΒ smoothalgorithms.mqh library must be placed to terminal_data_folder\MQL5\Include.

T3 indicator - based deals

Trade signals, based on T3 indicator

History backtesing results (01.01.2011, GBPUSD M15):

History backtesting of strategy, based on T3 indicator (GBPUSD, M15)

History backtesting of strategy, based on T3 indicator (GBPUSD, M15)

Hourly:

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History backtesting of strategy, based on T3 indicator (GBPUSD, H1)

History backtesting of strategy, based on T3 indicator (GBPUSD, H1)

Daily:

History backtesting of strategy, based on T3 indicator (GBPUSD, Daily)

History backtesting of strategy, based on T3 indicator (GBPUSD, Daily)


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