Patterns available when trading currency baskets. Part III
This is the final article devoted to the patterns that occur when trading currency pair baskets. It considers combined trend-following indicators and application of standard graphical constructions.
How to detect trends and chart patterns using MQL5
In this article, we will provide a method to detect price actions patterns automatically by MQL5, like trends (Uptrend, Downtrend, Sideways), Chart patterns (Double Tops, Double Bottoms).
Reversing: Formalizing the entry point and developing a manual trading algorithm
This is the last article within the series devoted to the Reversing trading strategy. Here we will try to solve the problem, which caused the testing results instability in previous articles. We will also develop and test our own algorithm for manual trading in any market using the reversing strategy.
Custom symbols: Practical basics
The article is devoted to the programmatic generation of custom symbols which are used to demonstrate some popular methods for displaying quotes. It describes a suggested variant of minimally invasive adaptation of Expert Advisors for trading a real symbol from a derived custom symbol chart. MQL source codes are attached to this article.
Learn how to design a trading system by ATR
In this article, we will learn a new technical tool that can be used in trading, as a continuation within the series in which we learn how to design simple trading systems. This time we will work with another popular technical indicator: Average True Range (ATR).
Practical application of neural networks in trading (Part 2). Computer vision
The use of computer vision allows training neural networks on the visual representation of the price chart and indicators. This method enables wider operations with the whole complex of technical indicators, since there is no need to feed them digitally into the neural network.
Learn how to design a trading system by ADX
In this article, we will continue our series about designing a trading system using the most popular indicators and we will talk about the average directional index (ADX) indicator. We will learn this indicator in detail to understand it well and we will learn how we to use it through a simple strategy. By learning something deeply we can get more insights and we can use it better.
Self-adapting algorithm (Part IV): Additional functionality and tests
I continue filling the algorithm with the minimum necessary functionality and testing the results. The profitability is quite low but the articles demonstrate the model of the fully automated profitable trading on completely different instruments traded on fundamentally different markets.
Multicurrency monitoring of trading signals (Part 5): Composite signals
In the fifth article related to the creation of a trading signal monitor, we will consider composite signals and will implement the necessary functionality. In earlier versions, we used simple signals, such as RSI, WPR and CCI, and we also introduced the possibility to use custom indicators.
Learn how to design a trading system by Momentum
In my previous article, I mentioned the importance of identifying the trend which is the direction of prices. In this article I will share one of the most important concepts and indicators which is the Momentum indicator. I will share how to design a trading system based on this Momentum indicator.
MetaTrader 4 and MetaTrader 5 Trading Signals Widgets
Recently MetaTrader 4 and MetaTrader 5 user received an opportunity to become a Signals Provider and earn additional profit. Now, you can display your trading success on your web site, blog or social network page using the new widgets. The benefits of using widgets are obvious: they increase the Signals Providers' popularity, establish their reputation as successful traders, as well as attract new Subscribers. All traders placing widgets on other web sites can enjoy these benefits.
Combination scalping: analyzing trades from the past to increase the performance of future trades
The article provides the description of the technology aimed at increasing the effectiveness of any automated trading system. It provides a brief explanation of the idea, as well as its underlying basics, possibilities and disadvantages.
Finding seasonal patterns in the forex market using the CatBoost algorithm
The article considers the creation of machine learning models with time filters and discusses the effectiveness of this approach. The human factor can be eliminated now by simply instructing the model to trade at a certain hour of a certain day of the week. Pattern search can be provided by a separate algorithm.
Learn how to design a trading system by Ichimoku
Here is a new article in our series about how to design a trading system b the most popular indicators, we will talk about the Ichimoku indicator in detail and how to design a trading system by this indicator.
Testing patterns that arise when trading currency pair baskets. Part I
We begin testing the patterns and trying the methods described in the articles about trading currency pair baskets. Let's see how oversold/overbought level breakthrough patterns are applied in practice.
Tips for Selecting a Trading Signal to Subscribe. Step-By-Step Guide
This step-by-step guide is dedicated to the Signals service, examination of trading signals, a system approach to the search of a required signal which would satisfy criteria of profitability, risk, trading ambitions, working on various types of accounts and financial instruments.
Learn how to design a trading system by Bear's Power
Welcome to a new article in our series about learning how to design a trading system by the most popular technical indicator here is a new article about learning how to design a trading system by Bear's Power technical indicator.
Analyzing charts using DeMark Sequential and Murray-Gann levels
Thomas DeMark Sequential is good at showing balance changes in the price movement. This is especially evident if we combine its signals with a level indicator, for example, Murray levels. The article is intended mostly for beginners and those who still cannot find their "Grail". I will also display some features of building levels that I have not seen on other forums. So, the article will probably be useful for advanced traders as well... Suggestions and reasonable criticism are welcome...
Design Patterns in software development and MQL5 (Part 4): Behavioral Patterns 2
In this article, we will complete our series about the Design Patterns topic, we mentioned that there are three types of design patterns creational, structural, and behavioral. We will complete the remaining patterns of the behavioral type which can help set the method of interaction between objects in a way that makes our code clean.
Using MetaTrader 5 as a Signal Provider for MetaTrader 4
Analyse and examples of techniques how trading analysis can be performed on MetaTrader 5 platform, but executed by MetaTrader 4. Article will show you how to create simple signal provider in your MetaTrader 5, and connect to it with multiple clients, even running MetaTrader 4. Also you will find out how you can follow participants of Automated Trading Championship in your real MetaTrader 4 account.
What is a trend and is the market structure based on trend or flat?
Traders often talk about trends and flats but very few of them really understand what a trend/flat really is and even fewer are able to clearly explain these concepts. Discussing these basic terms is often beset by a solid set of prejudices and misconceptions. However, if we want to make profit, we need to understand the mathematical and logical meaning of these concepts. In this article, I will take a closer look at the essence of trend and flat, as well as try to define whether the market structure is based on trend, flat or something else. I will also consider the most optimal strategies for making profit on trend and flat markets.
Money management in trading
We will look at several new ways of building money management systems and define their main features. Today, there are quite a few money management strategies to fit every taste. We will try to consider several ways to manage money based on different mathematical growth models.
Dealing with Time (Part 2): The Functions
Determing the broker offset and GMT automatically. Instead of asking the support of your broker, from whom you will probably receive an insufficient answer (who would be willing to explain a missing hour), we simply look ourselves how they time their prices in the weeks of the time changes — but not cumbersome by hand, we let a program do it — why do we have a PC after all.
A Few Tips for First-Time Customers
A proverbial wisdom often attributed to various famous people says: "He who makes no mistakes never makes anything." Unless you consider idleness itself a mistake, this statement is hard to argue with. But you can always analyze the past mistakes (your own and of others) to minimize the number of your future mistakes. We are going to attempt to review possible situations arising when executing jobs in the same-name service.
The Player of Trading Based on Deal History
The player of trading. Only four words, no explanation is needed. Thoughts about a small box with buttons come to your mind. Press one button - it plays, move the lever - the playback speed changes. In reality, it is pretty similar. In this article, I want to show my development that plays trade history almost like it is in real time. The article covers some nuances of OOP, working with indicators and managing charts.
Learn how to design a trading system by Alligator
In this article, we'll complete our series about how to design a trading system based on the most popular technical indicator. We'll learn how to create a trading system based on the Alligator indicator.
Matrices and vectors in MQL5
By using special data types 'matrix' and 'vector', it is possible to create code which is very close to mathematical notation. With these methods, you can avoid the need to create nested loops or to mind correct indexing of arrays in calculations. Therefore, the use of matrix and vector methods increases the reliability and speed in developing complex programs.
Learn how to design a trading system by Stochastic
In this article, we continue our learning series — this time we will learn how to design a trading system using one of the most popular and useful indicators, which is the Stochastic Oscillator indicator, to build a new block in our knowledge of basics.
How to use MQL5 to detect candlesticks patterns
A new article to learn how to detect candlesticks patterns on prices automatically by MQL5.
Liquid Chart
Would you like to see an hourly chart with bars opening from the second and the fifth minute of the hour? What does a redrawn chart look like when the opening time of bars is changing every minute? What advantages does trading on such charts have? You will find answers to these questions in this article.
Developing a cross-platform grider EA (part II): Range-based grid in trend direction
In this article, we will develop a grider EA for trading in a trend direction within a range. Thus, the EA is to be suited mostly for Forex and commodity markets. According to the tests, our grider showed profit since 2018. Unfortunately, this is not true for the period of 2014-2018.
Testing patterns that arise when trading currency pair baskets. Part II
We continue testing the patterns and trying the methods described in the articles about trading currency pair baskets. Let's consider in practice, whether it is possible to use the patterns of the combined WPR graph crossing the moving average. If the answer is yes, we should consider the appropriate usage methods.
Statistical Carry Trade Strategy
An algorithm of statistical protection of open positive swap positions from unwanted price movements. This article features a variant of the carry trade protection strategy that allows to compensate for potential risk of the price movement in the direction opposite to that of the open position.
Creating an EA that works automatically (Part 02): Getting started with the code
Today we'll see how to create an Expert Advisor that simply and safely works in automatic mode. In the previous article, we discussed the first steps that anyone needs to understand before proceeding to creating an Expert Advisor that trades automatically. We considered the concepts and the structure.
Universal Regression Model for Market Price Prediction
The market price is formed out of a stable balance between demand and supply which, in turn, depend on a variety of economic, political and psychological factors. Differences in nature as well as causes of influence of these factors make it difficult to directly consider all the components. This article sets forth an attempt to predict the market price on the basis of an elaborated regression model.
OpenAI's ChatGPT features within the framework of MQL4 and MQL5 development
In this article, we will fiddle around ChatGPT from OpenAI in order to understand its capabilities in terms of reducing the time and labor intensity of developing Expert Advisors, indicators and scripts. I will quickly navigate you through this technology and try to show you how to use it correctly for programming in MQL4 and MQL5.
Extending Strategy Builder Functionality
In the previous two articles, we discussed the application of Merrill patterns to various data types. An application was developed to test the presented ideas. In this article, we will continue working with the Strategy Builder, to improve its efficiency and to implement new features and capabilities.
Learn how to design a trading system by Volumes
Here is a new article from our series about learning how to design a trading system based on the most popular technical indicators. The current article will be devoted to the Volumes indicator. Volume as a concept is one of the very important factors in financial markets trading and we have to pay attention to it. Through this article, we will learn how to design a simple trading system by Volumes indicator.
Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
This is one of the most powerful indicators currently existing. Anyone who trades trying to have a certain degree of confidence must have this indicator on their chart. Most often the indicator is used by those who prefer “tape reading” while trading. Also, this indicator can be utilized by those who use only Price Action while trading.
How to Secure Your Expert Advisor While Trading on the Moscow Exchange
The article delves into the trading methods ensuring the security of trading operations at the stock and low-liquidity markets through the example of Moscow Exchange's Derivatives Market. It brings practical approach to the trading theory described in the article "Principles of Exchange Pricing through the Example of Moscow Exchange's Derivatives Market".