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Libraries

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

Views:
6247
Rating:
(29)
Published:
2011.08.12 12:33
Updated:
2016.11.22 07:32
\MQL5\Include\Expert\MySignals\
t3signal.mqh (5.09 KB) view
\MQL5\Indicators\
t3.mq5 (5.55 KB) view
\MQL5\Include\
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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. The 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:

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)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/447

T3 T3

T3 Moving Average is based on multiple exponential smoothing of price.

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Fibonacci retracement Fibonacci retracement

The indicator plots the Fibonacci retracement levels for a user-defined number of bars.

Variation Variation

This trend indicator shows the current trend direction and moments for closing of the opened position.