Articles on trading system automation in MQL4

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

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...

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...

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...

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....

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...

How to Develop a Profitable Trading Strategy

This article provides an answer to the question: "Is it possible to formulate an automated trading strategy based on history data with neural networks?".

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...

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...

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...

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...

Deep neural network with Stacked RBM. Self-training, self-control

This article is a continuation of previous articles on deep neural network and predictor selection. Here we will cover features of a neural network initiated by Stacked RBM, and its implementation in...

MagicNumber: "Magic" Identifier of the Order

The article deals with the problem of conflict-free trading of several experts on the same МТ 4 Client Terminal. It "teaches" the expert to manage only "its own" orders without modifying or closing...

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...

Orders Management - It's Simple

The article deals with various ways of how to control open positions and pending orders. It is devoted to simplifying of writing Expert Advisors.

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...

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...

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...

Expert Advisors Based on Popular Trading Systems and Alchemy of Trading Robot Optimization

This article dwells on implementation algorithm of simplest trading systems. The article will be useful for beginning traders and EA writers.

My First "Grail"

Examined are the most frequent mistakes that lead the first-time programmers to creation of a "super-moneymaking" (when tested) trading systems. Exemplary experts that show fantastic results in tester...

Events in МetaТrader 4

The article deals with programmed tracking of events in the МetaТrader 4 Client Terminal, such as opening/closing/modifying orders, and is targeted at a user who has basic skills in working with the...

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...

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...

Genetic Algorithms vs. Simple Search in the MetaTrader 4 Optimizer

The article compares the time and results of Expert Advisors' optimization using genetic algorithms and those obtained by simple search.

Testing (Optimization) Technique and Some Criteria for Selection of the Expert Advisor Parameters

There is no trouble finding the Holy Grail of testing, it is however much more difficult to get rid of it. This article addresses the selection of the Expert Advisor operating parameters with...

How to Evaluate the Expert Testing Results

The article gives formulas and the calculation order for data shown in the Tester report.

Genetic Algorithms: Mathematics

Genetic (evolutionary) algorithms are used for optimization purposes. An example of such purpose can be neuronet learning, i.e., selection of such weight values that allow reaching the minimum error....

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...

Universal Expert Advisor Template

The article will help newbies in trading to create flexibly adjustable Expert Advisors.

Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo

Hard to interpret Ichimoku signals? This article introduces some principles of formalizing values and signals of Ichimoku Kinko Hyo. For visualization of its usage the author chose the currency pair...

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...

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...

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...

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...

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...

A Pause between Trades

The article deals with the problem of how to arrange pauses between trade operations when a number of experts work on one МТ 4 Client Terminal. It is intended for users who have basic skills in both...

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...

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...

Free-of-Holes Charts

The article deals with realization of charts without skipped bars.

Checking the Myth: The Whole Day Trading Depends on How the Asian Session Is Traded

In this article we will check the well-known statement that "The whole day trading depends on how the Asian session is traded".

Lite_EXPERT2.mqh: Functional Kit for Developers of Expert Advisors

This article continues the series of articles "Expert Advisors Based on Popular Trading Systems and Alchemy of Trading Robot Optimization". It familiarizes the readers with a more universal function...