Forex Signals Design E-mail

 

Create your own Forex signal in 4 steps:

 

Step 1

Create a trading diagram (a graphical representation of the conditions that will be evaluated to get your forex signal). In short: Use one or several TA blocks to create technical analysis conditions. Use the blocks AND and OR to create complex conditions that combine several TA blocks. Connect them to a BUY or a SELL to define the signal type (go long or go short). More info on diagrams can be found here in the Strategy Builder Trading Diagram page

 

Step 2

Set up your forex signal:

start blockClick on the START block and set up the signal options.

 

OPTION

DESCRIPTION

VARIABLE ON MT4

Execution Mode

Completed Bars: Execution every time a full bar is completed.

Every Tick: Execution every time a tick is received.

CompletedBars = True

Define execution by bars or ticks. True means signal EA is executed every time a full bar is completed. False means EA is executed every time a tick is received.

Alert Mode

 Turns ON/OFF visual alerts.

 ShowAlert=True show alerts
If ShowAlert=False, the visual alert is not shown but you can still use the Play Sound signal

Repeat Alert n times

 When getting the same signal consecutively, the EA will repeat the alert / play a sound n times. i.e. the signal EA is being executed every tick and Repeat Alert n times=3, the trading condition ma fast > ma slow  is true for 10 consecutive ticks but the ea will show signals for the first 3 ticks only. If ma changes and now ma fast < ma slow, the EA will show the alert / play a sound again
 RepeatAlert=3 repeats the alert / play a sound 3 times

Play Sound

Plays a sound when trading conditions are meet. You can define one sound for go short and another one for go long signals.

PlaySounds = True

Plays a sound when True. The MT4 variables MySoundLong and MySoundShort allow you to select the sound to be played. Sound files have to be in MT4 sound directory. If Alert Mode is ON you need to go to MetaTrader options, click on Events and change the Alerts to be silent. Otherwise you will hear the default sounds for Alerts.

Signal Time Filter

Filters signals according to a SERVER time (hour) filter. If ON, you need to set Signal Hours Start and Signal Hours End.

UseSignalTime = False

If True, trades only when signaltimestart < hour < signaltimeend

Signal Hours Start

EA send/show signals only when SERVER time is between signal hours start and signal

hours end

SignalTimeStart=9

i.e. 9 = 9 am

 

Signal Hours End

i.e. To send signals from 9 am to 4 pm Signal

Hours Start=9 and Signal Hours End=16

SignalTimeEnd=16

i.e. 16 = 4 pm

 

 

MetaTrader variables are generated by Molanis so you can change the behavior of your forex signal without having to edit it with Molanis Forex Signals Wizard. For example, changing UseSignalTime variable on MetaTrader from False to True creates a time filter for your signals. This means that your EA will send/show signals only when the Server Time is between SignalTimeStart and SignalTimeEnd.

Step 3

Generate the signal EA.

 

Step 4


Add the EA to a graph in MT4 and adjust the EA inputs if needed.

 

FXSignals MT4 Options

 

MetaTrader has a default sound for Alerts. If you want to use the PlaySounds option, you need to disable the default sound as shown in the next graph:

 

Disable Default Sound MT4