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Originally Posted by newdigital
I just start to thing: why we need this Trendsignal indicator?
I created template for M5 timeframe (zip file). Place this (unzip before) file to /templates folder (C:\Program Files\MetaTrader4\templates for example), all the indicators in /indicators folder (C:\Program Files\MetaTrader4\experts\indicators for example), compile indicators.
And then open GBPUSD M5 timeframe chart, right mouse click on the chart, choose "Template" from menu, then No5 template.
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May be it works. I did not try it live.
And stop loss level may be according to the lines of TrendEnvelopes_v1.mq4 indicator. To have the other stop loss level just play with Deviation settings in this indicator.