Hello Coders & Traders; (this topic for research and development)
I am looking for the answer of this question
What are The Automated system need to be worth the programming of it?
maybe the question look not simple but the answer is simple but to translate it we will find the difficulty not in coding what I mean by translating but in optimizing it with market,
the answer of this question will depend on the following elements is the kernel of the system:
1- The System will be 100% emotions free this what we can grantee.
2- Are the system will depend on certain time-frame or certain currency pair.
3- Are the system is 100% technically or what ?
4- Did the signals depend only on a one candle condition or more this will be the hardest part of creating the system which depend on how to read the market.
5- How many trades this signal will generate.
6- After that how much Profit & Risk to set, this will be the easy part.
7- Back-testing it enough and ensure how it work in live market with demo account.
I Code a lot of stuff and I am not bad about coding what I want and translate strategy to chart language but all the time there is a weakness or a missing part of any trading system like we use the wrong tools or not enough tools to create an automated system, maybe the is another dimension we did not look from it to the market before.
hope we can discus here the reality of automated systems the can be work well enough to worth coding it.
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
FX Power is the first real time currency strength meter with a real time histogram.
Run FX Power to analyze and record the momentum and strength of all major currencies.
Use the FX Power histogram to determine efficient currency strength combinations and patterns.
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Real time market strength of all major currencies Identical calculation results at all brokers and charts 100% reliable real time calculations -> no repainting Selectable t
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
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This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
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The Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
Cluster analysis of volumes is now available in MetaTrader 5!
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More suited to the FORTS market.
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EA PENDING ORDER risk
The principle of the Expert Advisor operation is quite simple.
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Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here. This version is for MetaTrader 5, MetaTrader 4 version - here.
Currently implemented events:
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Another breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY.
Self-optimizes in seconds ANY Pair on any timeframe (always check with Olivier Nomblot for current settings and pairs).
No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapts to your broker... just drag on your screen.
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Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
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type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
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Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
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Displays divergence for any custom indicator. You just need to specify the name of an indicator name; on default it uses CCI.
In addition you can set smoothing for the selected indicator as well as levels. If one of these levels is crossed, you'll receive a notification. The custom indicator must be compiled (a file with extension EX5) and it must be located in MQL5/Indicators directory of the client terminal or in one of its subdirectories. It uses zero bar of the selected indicator with defau
This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barr
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
Find double top and double bottom reversal chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
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Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patt
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
Until you code it, you can't backtest it. Until you backtest it, you don't know if the strategy is good long term.
Same as in business. How do you know if a idea will be successful? The only way is to try it and find out.
I would never have thought of gluing some cheap plastic eyes on a rock to make me a millionaire.
You cannot know if a system would be worth coding it before you begin coding it.
If you can find a system with a Mathematical_Edge then you would know before coding.
Example: Negative Spreads || Interest Rates (high enough to cover cost of trading) || Broker Discount/Rewards Arbitrage || Signal .. IB or other Income (which covers spreads).
If the system only have a Speculative or Historical Edge, then you'll have to assume a Risk that what you're coding or trading may-not be worth it at some point in the future.
Until you code it, you can't backtest it.
thanks, for your time, the back-testing is not a problem at all, I made a visual back-testing for any signal with arrow with stop and target also,
so let us ask this questions are the technically view enough to code a system I mean indicators which depend only on a price of candle or a group of candles
a complete EA is not only strategy, it performs many functions that are indipendent from trading strategy
you can code a robust, reliable EA with a simple strategy, like 2 MA crossing
while you search for more profitable systems
the code you've written is the base and remains valid and reusable
(well, you can try to build it in this way)
for example, i coded a set of indicators that i consider a toolset i can combine for a custom strategy
all this is reusable and not a strategy itself
So let us apply logic in the optimization, we will not be able to prove the technically indicators enough or not enough without taking it step by step;
first how we can define the trend in zero one language
are we can or no,
and if we can what is the accuracy of that
and if we could, did we will have enough time to follow
or which timeframe to select or multitimeframe aspect ?
when we discover the weakness in technically indicators we can use it better than before because we will be aware of what and how it will help and what it will never help with.