How to start with MetaTrader and forex, the beginning - page 10

Sergey Golubev
Moderator
123054
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

How to Start with MT5, a summary !

Sergey Golubev, 2017.03.12 08:23

MQL5.COMMUNITY PAYMENT SYSTEM

Internal payment system was initially created in MQL5.community for payment of fees to authors of Articles. But the community's life does not stay still, and plenty of services, useful for traders and implying commodity-money relations between two parties, has emerged on the web-site since the launch of the payment system:

  • Market — A store of applications written in MQL4 and MQL5 languages.
  • Signals — Selling trade signals at a subscription fee with monitoring trade results.
  • Virtual Hosting — A native solution for twenty 24/7 failure-free operation of your MetaTrader trading terminals.
  • Freelance — A meeting point for traders and MQL4/MQL5 developers.
  • MQL5 Cloud Network — Buying and selling free computational power of Strategy Tester agents to organize distributed computing.

The most popular payment systems WebMoney and PayPal are integrated for deposit and withdrawal. U.S. dollars are used as the currency unit. Eventually we implemented other ways of depositing to MQL5.community account: these are common plastic cards (CommerceGate), handy and rapid system not requiring additional confirmation (Neteller), and a solution oriented towards users from China (Netbanx).

Traders can also use MQL5 coupons to pay for products and services as well as to deposit funds to their accounts on the website. The coupons are distributed by some brokers among their clients for free.

  1. Security of Operations
  2. Deposit to Account
  3. Withdraw from Account
  4. How to Earn at MQL5.community
  5. How to Spend at MQL5.community
  6. Paying for services and depositing funds to an MQL5 account using coupons



Sergey Golubev
Moderator
123054
Sergey Golubev  

Interesting article was published now - 

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Night trading during the Asian session: How to stay profitable



Many traders often come across the notion of night trading. The first thing that comes to mind when meeting this concept is that trading is carried out at night. However, everything is simpler: because of the difference in time zones, the night in different parts of the world comes at different times. American and European trading sessions take place in time zones -4 and +1 relative to the UTC World Coordinated Time, respectively.

46du114t1f
86
46du114t1f  

For beginners, I recommend to start trading with the currency pair EURUSD.

EURUSD is the most heavily traded currency pair on the spot market with the largest trading participants by volume. For this reason it is more bound to algorithm. Besides, the market forces of it is also strong that makes it is less susceptible to currency intervention.

This is merely a theory of one of the traders who do not become a full-time trader yet. Instead of logging in forums like being here, they already leave and spend their time with shopping.

Best wishes.

Sergey Golubev
Moderator
123054
Sergey Golubev  
46du114t1f:

For beginners, I recommend to start trading with the currency pair EURUSD.

EURUSD is the most heavily traded currency pair on the spot market with the largest trading participants by volume. For this reason it is more bound to algorithm. Besides, the market forces of it is also strong that makes it is less susceptible to currency intervention.

This is merely a theory of one of the traders who do not become a full-time trader yet. Instead of logging in forums like being here, they already leave and spend their time with shopping.

Best wishes.


Many many years ago I started forex trading with USD/CHF. And Brainwashing system is working well with this pair - 

Brainwashing original:


Brainwashing improved:


46du114t1f
86
46du114t1f  

A metaphor of cooking and trading style:

Salt is like the Japanese candlesticks.

Onion and garlic is like the supports and resistances.

Garlic is like the trendlines.

Another addition of analysis tool (ingredient) depends on the appetite of a trader (chef) to calculate market more advanced (to cook deeper recipe).

Sergey Golubev
Moderator
123054
Sergey Golubev  

Testing trading strategies on real ticks and the explanation is on this post.

Forum on trading, automated trading systems and testing trading strategies

MT4 & MT5 backtest

Sergey Golubev, 2017.02.17 20:53

If you are backtesting EA on MT5 using 'every tick based on real ticks' so it will be almost same with trading on MT5 platform with some particular broker (because it is based on actual historical data).

Example, read this thread: Why is it better MT5 than MT4?? Does it have fewer limitations ??? - this is the quote from the first post of the thread:

  • In MT5 you can backtesting robots with the closest possible conditions to the real market natively  (real tick data, real variable spreads, lag, slippage, etc). In MT4 you can't natively. You only can if you pay for a third-party software. If so, you also have to download history data from a few sources (there are many few, almost everyone uses the same source), transform it to MT4 format and open the platform through this third-party software in order to patch MT4 behavior. You take many hours to complete this process, and you have to repeat it every time you want to incorporate new data. 
    We have all seen hundreds of robots that obtained spectacular results in backtesting, but when operating in real account the results were very bad. This is mainly because they were made with conditions that had nothing to do with real market conditions.

For more information about it - read this summary.

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As i know - some coders/traders are converting their MT4 EAs to MT5 just to backtest them and/or to find the settings with optimization to get the backtesting results that are closest to reality. 


Sergey Golubev
Moderator
123054
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

All (not yet) about Strategy Tester, Optimization and Cloud

Sergey Golubev, 2017.07.22 07:31

The article:

Testing trading strategies on real ticks

The article provides the results of testing a simple trading strategy in three modes: "1 minute OHLC" using only Open, High, Low and Close prices of minute bars; detailed modeling in "Every tick" mode, as well as the most accurate "Every tick based on real ticks" mode applying actual historical data.

Comparing the results allows us to assess the quality in various modes, as well as helps us to use the tester more efficiently in order to receive results faster. "1 minute OHLC" mode allows receiving quick estimated test results, "Every tick" mode is closer to reality, while testing on real ticks is most accurate but time-consuming. Keep in mind that errors in a trading robot's logic may affect the number of trading operations making the strategy test results more susceptible to a selected test mode.



Sergey Golubev
Moderator
123054
Sergey Golubev  

And the last interesting information about backtesting/optimization using MT5 - 

Alain Verleyen
42259
Alain Verleyen  
Sergey Golubev:

And the last interesting information about backtesting/optimization using MT5 - 


It will take time to have something complete, I am very busy :-)

[Deleted]  
46du114t1f:

A metaphor of cooking and trading style:

Salt is like the Japanese candlesticks.

Onion and garlic is like the supports and resistances.

Garlic is like the trendlines.

Another addition of analysis tool (ingredient) depends on the appetite of a trader (chef) to calculate market more advanced (to cook deeper recipe).

You can´t have garlic for Resistance as well as Trend Lines.

When garlic is for Resistance then olive oil is for Trend lines. :-)