Trading Signals Module Based on As CTrend Signal Indicator
Info
The Trading Signals Module Based on As CTrend Signal Indicator is a Library for MetaTrader 5 that the trading signal is generated when a bar is closing. The indicator's color dot indicates a market entry signal.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Trading Signals Module Based on As CTrend Signal Indicator
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
The trading signal is generated when a bar is closing.
Typical Use Case
This Library excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: asq propfirm shield: protect your trading challenge - another powerful library for MetaTrader 5 traders.
The trading signal is generated when a bar is closing. The indicator's color dot indicates a market entry signal.Also recommended: asq risk analytics engine: comprehensive risk assessment for trading strategies - similar library with strong performance on MetaTrader 5.
To use the indicator, place the asctrendsignal.ex5 compiled file in the following directory:
terminal_data_folder
\mql5\indicators.
Creating a trading robot based on this module is a straightforward process, as detailed in the article 'Creating a Trading Signals Module'. The general concept of developing a trading signals module is explained in the article 'Creating a Trading Signals Module'.
The tests below utilize the default input parameters of the expert advisor, without employing stop loss or take profit.
Testing Results for 2026 on USDCHF H4:
Note: The expert advisor, generated using MQL5 Wizard, determines the optimal moments for opening and closing positions based on the 'voting' mechanism of trading signals added during its creation. The primary trading signals module, encompassing all added modules, also participates in the voting process, but its longcondition() and shortcondition() methods consistently return 0.
Due to the smoothing applied during the 'votes' calculation, which considers the number of present modules (basic plus additional), threshold values should be adjusted accordingly. Specifically, signal_thresholdopen and signal_thresholdclose should be set to 40=(0+80)/2 and 20=(0+40)/2, respectively, after generating the expert advisor code with MQL5 Wizard.
You may also like: Inner Bar Breakthrough Trend Following Trading Signal Module - excellent alternative for library users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_arrow
#property indicator_color1 magenta
#property indicator_width1 4.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.