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Discussion of article "TradeObjects: Automation of trading based on MetaTrader graphical objects"

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New article TradeObjects: Automation of trading based on MetaTrader graphical objects has been published:

Geometrical constructions on symbol charts have been remaining one of the most popular trading tools for decades. The advanced technologies make it easier to apply support or resistance lines, historical price levels and entire patterns, for example channels and Fibo grid. Algorithmic trading software allows us both to analyze standard patterns and trade using them. MetaTrader also has applications that automate the process to some extent: in most cases, it is enough to add an object to the chart with an EA or script launched in it. The application will open a position, track and close it in due time according to the settings. Such applications enable us not only to trade online but also polish our skills in the tester's visualization mode. We can find such applications in the CodeBase and the Market.

However, all is not that simple. Generally, CodeBase applications have simplified functionality. Besides, they are rarely updated and become obsolete fast (often losing compatibility with the latest MQL language and platform versions), while commercial products are often too expensive.

In this article, we will develop a new tool that represents the golden mean. It will be as simple as possible and provide ample opportunities at the same time. It will be compatible with both MetaTrader 4 and MetaTrader 5. Thanks to the open source code, it can easily be expanded and modified to fit your needs.


Author: Stanislav Korotky

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