Module

Trading signals module based on WPRSIsignal indicator – library MetaTrader 5

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Fig.1. Deals examples on the chart
The signal is formed when a bar is closing. WPRSIsignal indicator’s color arrow serves as a market entry signal. Place WPRSIsignal.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”. … Read more

Trading signals module based on ColorJFatl indicator – library MetaTrader 5

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Fig.1. Deals examples on the chart
The signal is formed when a bar is closing. The moment, when ColorJFatl indicator changes its color, indicates the time for market entry. Place ColorJFatl.ex5 compiled file to the terminal_data_folder\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 … Read more

Trading signals module based on SilverTrend_Signal indicator – library MetaTrader 5

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Fig.1. Deals examples on the chart
The signal is formed when a bar is closing. SilverTrend_Signal indicator’s color dot serves as a market entry signal. Place SilverTrend_Signal.ex5 compiled file to the terminal_data_folder\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”. … Read more

Trading Signal Module – plain MA crossover Signals – library MetaTrader 5

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Signal visible in Expert Advisor Wizard
The basic idea of this simple MA crossover system is the utilization and possible use within the Expert Wizard. Only the so called Direction() function is implemented which has a simple buy and sell signaling when the fast MA is crossing the slow moving average signal.   The timeframe can be adjusted as an input … Read more

A WPR Based Trailing Stop Module – library MetaTrader 5

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Fig. 1. An example of the module
The trailing module is based on two stop levels: a short and a long one. The long stop level is similar to a fixed trailing stop. A short stop level is activated when the WPR indicator leaves the overbought/oversold areas. The width of the overbought/oversold areas is defined by the module settings. Module settings: Timeframe … Read more

Trailing Stop Module Based on Delta ZigZag – library MetaTrader 5

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Examples of Delta ZigZag work
The module for tracking open positions based on “Delta ZigZag” indicator for MQL5 Wizard. The tracking module moves Stop Loss of the opened position to new horizontal levels calculated by the indicator. Fig. 1 Example of Delta ZigZag indicator work Trailing Stop Module Based on Delta ZigZag – library MetaTrader 5

Trading Signals Module Based on Delta ZigZag Indicator – library MetaTrader 5

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Fig. 1 Example of the trading signals based on Delta ZigZag indicator
Trading signals module based on Delta ZigZag indicator for MQL5 Wizard. Buy Signals: When the price breaks indicator’s horizontal level from the bottom up, it is assumed that a descending trend has been replaced by an ascending one, and the module displays buy signal. Sell Signals: When the price breaks indicator’s horizontal level from top … Read more

Ozymandias Signal Module – library MetaTrader 5

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Module demonstration
Trading signals module for MQL5 Wizard based on Ozymandias_Lite — a lightweight version of the popular indicator. The indicator and an Expert Advisor example are provided here. Fig.1. Module demonstration using generated bars Tips: The module is useful as a trend filter in Expert Advisors. To get more stable results, it’s better to use the … Read more