MMA_Breakout_strategy_Volume I - coded by WhooDoo22.:
The indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
My famous Reversal Fractals indicator points possible price reversals using fractals and breakouts, filtering out those which are not likely to precede a price movement.
Easy to analyze and understand Filter out unreliable fractals easily The indicator displays data at bar closing It implements alerts of all kinds The indicator is non-repainting
What is a fractal?
A fractal is a 5bar or 7bar formation being the middle bar the highest/lowest price of the formation.
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
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
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Fast Copy MT5 allows 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).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
Hello MQL4 community,
DO NOT RUN MMA_Breakout_strategy Volume I - coded by WhooDoo22 on a LIVE account!
This is because I did not filter out consolidated market conditions in the signal parameters of this EA. If this EA is run on a live account during consolidated market conditions false signals will gobble up an account balance very quickly. The purpose I chose to share this EA is to educate coders and traders. If all goes as planned, Volume II will be able to run on a live account no problem and will be added to the code base if "higher-ups" allow it to be added to the code base. Study this EA to your benefit if you wish. The choice is yours.
A significant coding mistake to be corrected in "MMA_Breakout_strategy_Volume_I - coded by WhooDoo22" is contained within the "OrderClose()" code blocks. Replace "Ask" and "Bid" prices with the opposite market price. Example: If "Ask" is contained within the "OrderClose()" code block, replace "Ask" with "Bid". If "Bid" is contained within the "OrderClose()" code block, replace "Bid" with "Ask".
1. Replace the order close functions containing decisions of closing orders by iMAs to a shift of 1 ONLY and erase all order closing iMas shift values of zero aka .
2. Erase "if order profit >= 0" and "if order profit < 0". Just designate iMAs to a shift of 1 ONLY aka .
Following steps 1. and 2. will make your tests much more profitable. You can even try using it on other currency pairs like GBP/USD or others to visualize possible "iMA 200 trend patterns" that can be profited if filtered using
"market filtration" ("market filtration" will be touched up on below).
Helpful tips to coders searching to write a "more profitable" expert advisor:
1. Decide upon a currency pair with the lowest spread. EUR/USD is an example.
2. Run tests in mt4 strategy tester on your designated currency pair with low spread.
3. Hunt for market patterns. FOREX EUR/USD pair has three market patterns: 1. Trends, 2. Ranges within trends or 3. Ranges within consolidated aka consolidated ranges.
4. Decide what pattern you will be profiting from first. When you decide, you can use strictly price arrays (example: 30 bars) OR an indicator (example: iMAs) that takes advantage of the decided pattern.
5. If you are using price arrays OR indicators, realize that both run on designated periods. You cannot profit from every market move. You must decide which move to profit from AND be sure that the move is big enough to carry your order from point A. to point B. (low spread helps because this means that your order does not need to travel as far from point A. to point B. to move into profit. KEY factor).
READ: All Currency pairs are based on the physics of SUPPORT AND RESISTANCE. Euro VS. Dollar. Which currency is stronger? AND is the strength of one currency so much stronger than the opposing currency that an opportunity to send an order presents itself? Once this is understood, you will understand that you must look for big enough moves of support OR resistance that will carry your order from point A. to point B. What now becomes most important is to realize that if a big move of support or resistance is made, understand that the move can continue up with the same force OR reverse with the same force. The key is to be ready for a move of either up OR down. "For every action, there is an equal and opposite reaction" - Sir Isaac Newton (physicist).
6. Here is the fun part ;)
Once you understand the above statements you understand that your indicator or allotted price array works well under specific market conditions that work well under that period ALONE.
What you might not understand is, "How do I filter market conditions that work well under the designated period?"
An answer to this question is to save the price values where your order would have closed IF an order was sent. Add or subtract these values from the price value of where you would send an order. Once these price values go positive, subtract the spread value from these calculations. If the result is still positive, it is time to start sending orders. Remember, "Birds of a feather flock together." This statement pertains to market patterns ;)
I would advise the use of partial order closing to maximize return of potential market movement. (You never know which direction the currency pair will go OR how far it will travel, BUT ;), you can be ready for what the market could do). Remember to maximize profit and minimize risk. KEY.
Once a buy order loses, DO NOT open any more buy orders UNLESS the next sell order goes into profit. If the sell order DOES NOT go into profit, it is time to wait until price values go positive once again.
In essence, the expert advisor is waiting for appropriate market conditions to apply the strategy of your choosing. The expert advisor chooses these appropriate market conditions if an "artificial order" would have profited from the condition assigned by your price array or indicator. The EA's strategy must use an allotted period of the market to scan. If the EA scans a profitable market condition, it should wait for a signal of a similar market condition in the future. The strategy should use history and current price. That should pretty much cover it.
A back-test snapshot using open prices only was done for MMA_Breakout_strategy_Volume II from date 1999-2012.10 (eurusd, m15). this test was performed without market filtration or money management.
Thats all for now, but if I have any information of any value regarding MMA_Breakout_strategy_Volume I or II, I will post below. Thank
you for your interest in my EA.
Thanks for this good EA, but can be only run on demo account because actually is too risky for real.
Need to improve...
I think it'll be better and profitable if more indicators are added in the EA's ordersend() conditions. Whether it's better the ordersend time is limited in certain time period, i.e., from European at 10:36 am to American 3:36 pm, in which the market is more active and error trading signals are less.
Anyway, your code is very good for new coders/traders. Wish to discuss with you about the Forex market and EAs. Expecting.......
This one seems to be quite popular here, will have to give it an in depth look. I'll see if I can get it added on this EA comparison here:
Hi WhooDoo22 ,
I am a novice in the EAs. I downloaded your EA and while backtesting was giving compilation issues in lines 9 & 10 so I removed the periods in those lines as follows
"extern string CodedByWhooDoo22="";
extern string ThanksToMQL4Comunity=""; "
After this change the EA compiles and tried doing the back testing with data for EURUSD from 2010 jan 1st to 2015 jan 1st. But I am getting the following errors in the journal tab and no orders are placed.
" 3 06:53:38 2014.12.31 10:54 MMA_Breakout_strategy_Volume_I_-_coded_by_WhooDoo22 EURUSD,M1: invalid takeprofit for OrderSend function
3 06:53:38 2014.12.31 10:54 MMA_Breakout_strategy_Volume_I_-_coded_by_WhooDoo22 EURUSD,M1: OrderSend error 4107
3 06:53:38 2014.12.31 10:57 MMA_Breakout_strategy_Volume_I_-_coded_by_WhooDoo22 EURUSD,M1: OrderSend error 131"
There are lot of repetetions of the same error. Please guide me about how to solve these errors.
I have attached the report along with this so that you can gete some more information.
Thanks in advance