How to Start with Metatrader 5 - page 8
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There is good news for now - AbsoluteStrengthMarket is already uploaded to CodeBase here (in russian language sorry but it will be available in english soon). Just to remind - this is indicator to check market condition automatically in multi-timeframe way. Means: indicator is doing exactly what I described here about market conditions.
This indicator is available in english CodeBase now - use this link to download.
Just for information.
Just found good article about us - Who Is Who in MQL5.community?
As the traders are continuing asking about volume/lot size calculating for subscribers so I want to remind the follolwing:
Current algorithm: A deal volume is changed in direct ratio to the correlation of a Signal Source's leverage with a Subscriber's one. It means that if a Signal Source having a leverage of 1:100 opens a deal of 1 lot, a Subscriber having a leverage of 1:500 will open a deal of 5 lots in case of 100% copying and a deposit matching by size and currency. A subscriber having a leverage of 1:10 will open a deal of 0.1 lots in similar conditions.
New algorithm: If subscriber's leverage exceeds the one of the Signal Source, it does not affect a volume of a copied deal. Otherwise, the deal volume is changed in direct ratio to the correlation of a Signal Source's leverage with a Subscriber's one.
It means that if a Signal Source having a leverage of 1:100 opens a deal of 1 lot, a Subscriber having a leverage of 1:500 will open a deal of 1 lot in case of 100% copying and a deposit matching by size and currency. A subscriber having a leverage of 1:10 will open a deal of 0.1 lots in similar conditions.
Some people are asking about how to follow the news about mql5 and Metatrader 5.
I am using 3 sources:
Just for information.
newdigital:
I mean:
Metatrader 5 is well-developed but new platform in any way. I am sure - many brokers will add many trading instruments - it is just a matter of time only. For now - you can check by yourself:
Metatrader 5 is new platform, and this platform is just started the way. But from what I see (comparing MT3/MT4 transferring to recent MT4/MT5) - this MT5 platform is having a lot of advantadges which I mentioned in the beginning of my comment. So, the brokers will have to increase their symbols/instruments in anyway. I just see silver and gold for some brokers in MT5 (which I traded for real account but for MT4 sorry).
Just to remind something about MT5 in general.
Good question and good reply.
For more: go to Strategy Tester Visualization and Indicators
And I just want to remind this article once again - MetaTrader 5 - More Than You Can Imagine!
Do not look for promotional name of this article. because this is really good article, and it is the Key article/instruction for the people who want to use Metatrader 5.
Next good article MQL5.community - User Memo
People in english mql5 and in russian mql5 are permanent asking about rating: decreasing or increasing, and so on. I hope that this article will give us the clue about our mql5 community envoronment.
The other good update of Metatrader 5 will be coming in the next few days. I like automatic display of trading transactions on charts. Read more here.
This update is ready - read this post with all the changes. I like mostly the following:
Some usefull links, and for now - about the signals: