Articles on trading system automation in MQL4

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Read articles on the trading systems with a wide variety of ideas at the core. Learn how to use statistical methods and patterns on candlestick charts, how to filter signals and where to use semaphore indicators.

The MQL5 Wizard will help you create robots without programming to quickly check your trading ideas. Use the Wizard to learn about genetic algorithms.

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How to conduct a qualitative analysis of trading signals and select the best of them
How to conduct a qualitative analysis of trading signals and select the best of them

How to conduct a qualitative analysis of trading signals and select the best of them

The article deals with evaluating the performance of Signals Providers. We offer several additional parameters highlighting signal trading results from a slightly different angle than in traditional approaches. The concepts of the proper management and perfect deal are described. We also dwell on the optimal selection using the obtained results and compiling the portfolio of multiple signal sources.
Angles in Trading. Further Study Required
Angles in Trading. Further Study Required

Angles in Trading. Further Study Required

In this article, we discuss the method of trading analysis by measuring angles in the MetaTrader 4 terminal. The article provides a general plan of using angles for trend movement analysis, as well as non-standard ways to the practical application of angle analysis in trading. The article also provides conclusions that can be useful for trading.
Portfolio trading in MetaTrader 4
Portfolio trading in MetaTrader 4

Portfolio trading in MetaTrader 4

The article reveals the portfolio trading principles and their application to Forex market. A few simple mathematical portfolio arrangement models are considered. The article contains examples of practical implementation of the portfolio trading in MetaTrader 4: portfolio indicator and Expert Advisor for semi-automated trading. The elements of trading strategies, as well as their advantages and pitfalls are described.
False trigger protection for Trading Robot
False trigger protection for Trading Robot

False trigger protection for Trading Robot

Profitability of trading systems is defined not only by logic and precision of analyzing the financial instrument dynamics, but also by the quality of the performance algorithm of this logic. False trigger is typical for low quality performance of the main logic of a trading robot. Ways of solving the specified problem are considered in this article.
Evaluating the effectiveness of trading systems by analyzing their components
Evaluating the effectiveness of trading systems by analyzing their components

Evaluating the effectiveness of trading systems by analyzing their components

This article explores the effectiveness of complex trading systems by analyzing the efficiency of its individual components. Any analysis, whether it is graphic, based on indicators, or any other, is one of the key components of successful trading in financial markets. This article is to some extent a research of few simple and independent trading systems for analyzing their effectiveness and usefulness of the joint application.
Fuzzy logic to create manual trading strategies
Fuzzy logic to create manual trading strategies

Fuzzy logic to create manual trading strategies

This article suggests the ways of improving manual trading strategy by applying fuzzy set theory. As an example we have provided a step-by-step description of the strategy search and the selection of its parameters, followed by fuzzy logic application to blur overly formal criteria for the market entry. This way, after strategy modification we obtain flexible conditions for opening a position that has a reasonable reaction to a market situation.
Price Action. Automating the Engulfing Pattern Trading Strategy
Price Action. Automating the Engulfing Pattern Trading Strategy

Price Action. Automating the Engulfing Pattern Trading Strategy

This article describes a process of creating an Expert Advisor for MetaTrader 4 based on the Engulfing pattern, as well as the pattern recognition principle, rules of setting pending orders and stop orders. The results of testing and optimization are provided for your information.
Price Action. Automating the Inside Bar Trading Strategy
Price Action. Automating the Inside Bar Trading Strategy

Price Action. Automating the Inside Bar Trading Strategy

The article describes the development of a MetaTrader 4 Expert Advisor based on the Inside Bar strategy, including Inside Bar detection principles, as well as pending and stop order setting rules. Test and optimization results are provided as well.
Identifying Trade Setups by Support, Resistance and Price Action
Identifying Trade Setups by Support, Resistance and Price Action

Identifying Trade Setups by Support, Resistance and Price Action

This article shows how price action and the monitoring of support and resistance levels can be used for well-timed market entry. It discusses a trading system that effectively combines the two for the determination of trade setups. Corresponding MQL4 code is explained that can be utilized in the EAs based on these trading concepts.
Trading Ideas Based on Prices Direction and Movement Speed
Trading Ideas Based on Prices Direction and Movement Speed

Trading Ideas Based on Prices Direction and Movement Speed

The article provides a review of an idea based on the analysis of prices' movement direction and their speed. We have performed its formalization in the MQL4 language presented as an expert advisor to explore viability of the strategy being under consideration. We also determine the best parameters via check, examination and optimization of an example given in the article.
Lite_EXPERT2.mqh: Expert Advisor Implementation Examples
Lite_EXPERT2.mqh: Expert Advisor Implementation Examples

Lite_EXPERT2.mqh: Expert Advisor Implementation Examples

In this article, the author continues to familiarize the readers with the Lite_EXPERT2.mqh functions using real Expert Advisor implementation examples. The article deals with the idea of using floating pending orders and pending orders that vary dynamically from deal to deal which are determined based on Average True Range (ATR) indicator values.
How Reliable is Night Trading?
How Reliable is Night Trading?

How Reliable is Night Trading?

The article covers the peculiarities of night flat trading on cross currency pairs. It explains where you can expect profits and why great losses are not unlikely. The article also features an example of the Expert Advisor developed for night trading and talks about the practical application of this strategy.
Mechanical Trading System "Chuvashov's Triangle"
Mechanical Trading System "Chuvashov's Triangle"

Mechanical Trading System "Chuvashov's Triangle"

Let me offer you an overview and the program code of the mechanical trading system based on ideas of Stanislav Chuvashov. Triangle's construction is based on the intersection of two trend lines built by the upper and lower fractals.
The Golden Rule of Traders
The Golden Rule of Traders

The Golden Rule of Traders

In order to make profits based on high expectations, we must understand three basic principles of good trading: 1) know your risk when entering the market; 2) cut your losses early and allow your profit to run; 3) know the expectation of your system – test and adjust it regularly. This article provides a program code trailing open positions and actualizing the second golden principle, as it allows profit to run for the highest possible level.
Synthetic Bars - A New Dimension to Displaying Graphical Information on Prices
Synthetic Bars - A New Dimension to Displaying Graphical Information on Prices

Synthetic Bars - A New Dimension to Displaying Graphical Information on Prices

The main drawback of traditional methods for displaying price information using bars and Japanese candlesticks is that they are bound to the time period. It was perhaps optimal at the time when these methods were created but today when the market movements are sometimes too rapid, prices displayed in a chart in this way do not contribute to a prompt response to the new movement. The proposed price chart display method does not have this drawback and provides a quite familiar layout.
Mechanical Trading System "Chuvashov's Fork"
Mechanical Trading System "Chuvashov's Fork"

Mechanical Trading System "Chuvashov's Fork"

This article draws your attention to the brief review of the method and program code of the mechanical trading system based on the technique proposed by Stanislav Chuvashov. The market analysis considered in the article has something in common with Thomas DeMark's approach to drawing trend lines for the last closest time interval, fractals being the reference points in the construction of trend lines.
Econometrics EURUSD One-Step-Ahead Forecast
Econometrics EURUSD One-Step-Ahead Forecast

Econometrics EURUSD One-Step-Ahead Forecast

The article focuses on one-step-ahead forecasting for EURUSD using EViews software and a further evaluation of forecasting results using the programs in EViews. The forecast involves regression models and is evaluated by means of an Expert Advisor developed for MetaTrader 4.
On Methods of Technical Analysis and Market Forecasting
On Methods of Technical Analysis and Market Forecasting

On Methods of Technical Analysis and Market Forecasting

The article demonstrates the capabilities and potential of a well-known mathematical method coupled with visual thinking and an "out of the box" market outlook. On the one hand, it serves to attract the attention of a wide audience as it can get the creative minds to reconsider the trading paradigm as such. And on the other, it can give rise to alternative developments and program code implementations regarding a wide range of tools for analysis and forecasting.
Contest of Expert Advisors inside an Expert Advisor
Contest of Expert Advisors inside an Expert Advisor

Contest of Expert Advisors inside an Expert Advisor

Using virtual trading, you can create an adaptive Expert Advisor, which will turn on and off trades at the real market. Combine several strategies in a single Expert Advisor! Your multisystem Expert Advisor will automatically choose a trade strategy, which is the best to trade with at the real market, on the basis of profitability of virtual trades. This kind of approach allows decreasing drawdown and increasing profitability of your work at the market. Experiment and share your results with others! I think many people will be interested to know about your portfolio of strategies.
Research of Statistical Recurrences of Candle Directions
Research of Statistical Recurrences of Candle Directions

Research of Statistical Recurrences of Candle Directions

Is it possible to predict the behavior of the market for a short upcoming interval of time, based on the recurring tendencies of candle directions, at specific times throughout the day? That is, If such an occurrence is found in the first place. This question has probably arisen in the mind of every trader. The purpose of this article is to attempt to predict the behavior of the market, based on the statistical recurrences of candle directions during specific intervals of time.
The Magic of Filtration
The Magic of Filtration

The Magic of Filtration

Most of the automated trading systems developers use some form of trading signals filtration. In this article, we explore the creation and implementation of bandpass and discrete filters for Expert Advisors, to improve the characteristics of the automated trading system.
Using Neural Networks In MetaTrader
Using Neural Networks In MetaTrader

Using Neural Networks In MetaTrader

This article shows you how to easily use Neural Networks in your MQL4 code taking advantage of best freely available artificial neural network library (FANN) employing multiple neural networks in your code.
What about Hedging Daily?
What about Hedging Daily?

What about Hedging Daily?

A trading strategy using hedging system created for trading the intra-day style of GBPJPY / EURJPY and for daily trading.
Layman's Notes: ZigZag…
Layman's Notes: ZigZag…

Layman's Notes: ZigZag…

Surely, a fey thought to trade closely to extremums visited every apprentice trader when he/she saw "enigmatic" polyline for the first time. It's so simple, indeed. Here is the maximum. And there is the minimum. A beautiful picture on the history. And what is in practice? A ray is drawn. It should seem, that is it, the peak! It is time to sell. And now we go down. But hell no! The price is treacherously moving upwards. Haw! It's a trifle, not an indicator. And you throw it out!
Automated Trading Championship: The Reverse of the Medal
Automated Trading Championship: The Reverse of the Medal

Automated Trading Championship: The Reverse of the Medal

Automated Trading Championship based on online trading platform MetaTrader 4 is being conducted for the third time and accepted by many people as a matter-of-course yearly event being waited for with impatience. However, this competition specifies strict requirements to the Participants. This is precisely the topic we're going to discuss in this article.
How to Become a Participant of Automated Trading Championship 2008?
How to Become a Participant of Automated Trading Championship 2008?

How to Become a Participant of Automated Trading Championship 2008?

The main purpose of the Championship is to popularize automated trading and accumulate practical information in this field of knowledge. As the Organizer of the Championship, we are doing our best to provide a fair competition and suppress all attempts to “play booty”. It is this reasoning that sets the strict Rules of the Championship.
Show Must Go On, or Once Again about ZigZag
Show Must Go On, or Once Again about ZigZag

Show Must Go On, or Once Again about ZigZag

About an obvious but still substandard method of ZigZag composition, and what it results in: the Multiframe Fractal ZigZag indicator that represents ZigZags built on three larger ons, on a single working timeframe (TF). In their turn, those larger TFs may be non-standard, too, and range from M5 to MN1.
Using MetaTrader 4 for a Time Based Pattern Analysis
Using MetaTrader 4 for a Time Based Pattern Analysis

Using MetaTrader 4 for a Time Based Pattern Analysis

Time based pattern analysis can be used in the currency market to determine a better time to enter a trade or time in which trading should be avoided at all. Here we use MetaTrader 4 to analyze history market data and produce optimization results that can be useful for application in mechanical trading systems.
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