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:
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.
Interesting article was published now -
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.
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.
Many many years ago I started forex trading with USD/CHF. And Brainwashing system is working well with this pair -
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).
Testing trading strategies on real ticks and the explanation is on this post.
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:
For more information about it - read this summary.
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.
All (not yet) about Strategy Tester, Optimization and Cloud
Sergey Golubev, 2017.07.22 07:31
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.
And the last interesting information about backtesting/optimization using MT5 -
Sergey Golubev, 2018.01.06 08:51
Good thread was started -
MT4 Strategy Tester : good practices, know-how and howtos
This topic is NOT to ask questions, it will be used as a reference.
It will take time to have something complete, I am very busy :-)
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