multicurrency EA

[novi]

In MT4/MT5 market, expert advisors have been categorized in various ways. may i know what does it mean by 'multicurrency' expert advisor as mentioned in MT4/MT5 market. I am raising the question here in the forum as service desk does not attend to such query.

[Kenneth Parling]

novi:
In MT4/MT5 market, expert advisors have been categorized in various ways. may i know what does it mean by 'multicurrency' expert advisor as mentioned in MT4/MT5 market. I am raising the question here in the forum as service desk does not attend to such query.

Service Desk only handle financial issues i think..and 'Multi currency' are that simple as it trades more then just one currency for example - an ea that scans through all currency pairs in your terminal market watch that meet it's strategy and then trade it. There are several different ea's and strategies and this was just an example.

[Sergey Golubev]

from MetaTrader 5 Help - Trading Platform — User Manual 

Algorithmic Trading

Virtually any trading strategy can be formalized and implemented in the form of an Expert Advisor, which can automatically trade for you. A trading robot never gets tired or suffers from stress; it accurately follows its algorithm and is much more responsive to market changes.

The trading platform provides all the necessary tools for Expert Advisor development: the powerful MQL5 language with an integrated development environment, a multicurrency tester for testing and optimizing strategies, and the Code Base of free trading robots

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from MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Strategy Testing 

Enable Required Symbols in Market Watch for Multi-Currency Expert Advisors

The Strategy Tester allows backtesting strategies that trade multiple symbols. Such trading robots are conventionally called multicurrency Expert Advisors.

The tester automatically downloads the history of required symbols from the trading platform (not from the trade server!) during the first call of the symbol data. Only the missing price history data are additionally downloaded from the trading server.

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[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Usefull links/threads/tools

Sergey Golubev, 2017.10.05 12:33

Multi-Currency Expert Advisors in MT5  - backtesting and optimization

 

The threads/posts

• Buying or Selling all 7 pairs - the thread with the explanation.
• Multi-Currency Expert Advisors the post with the examples of backtesting/optimization

The articles

• LifeHack for trader: "Quiet" optimization or Plotting trade distributions 
  Interesting results can also be obtained by running a multi-currency EA in the strategy tester. As an example, the free Multicurrency Expert from the CodeBase was used. In addition, the "#include <DistributionOfProfits.mqh>" file was specified and the "CDistributionOfProfits ExtDistribution" variable was declared in the header of the EA, and the "OnTester()" function was added at the end of the code. After a single run, the following statistics had been received: "TestAnalysis.htm".
• How to Test a Trading Robot Before Buying
  optimization it over all symbols selected in Market Watch 
• Creating a Multi-Currency Multi-System Expert Advisor 
• Creating an Expert Advisor, which Trades on a Number of Instruments

Documentation

• MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Optimization Types - All Symbols Selected in Market Watch
• MetaTrader 5 Help → Algorithmic Trading, Trading Robots → Strategy Testing - Multi-Currency Expert Advisors
• MetaTrader 5 Help - Trading Platform — User Manual

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Something Interesting

Sergey Golubev, 2016.10.17 10:55

Multi Instrument Indicator for MetaTrader 4

This is very interesting indicator: we can add the price of one or several other instruments to one window.

This is USDCHF price on the EURUSD chart:

This is Dollar Index price on USDCAD price:

This is Dollar Index on EURUSD chart:

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2019.05.22 14:25

How to visualize multicurrency trading history based on HTML and CSV reports 

Since its introduction, MetaTrader 5 provides multicurrency testing options. This possibility is often used by traders. However the function is not universal. In particular, after running a test, the user can open a chart with performed trading operations. But this is only a chart of one traded symbol selected in the strategy tester settings. The entire trading history of all used symbols cannot be viewed after testing, while visual examination is not always efficient. Additional analysis may be required after some time after testing. Also, a report can be provided by another person. Therefore, a tool for visualizing trading on multiple working symbols based on the HTML testing report would be very useful.

The previous article provided a description of the HTML parser based on CSS selectors[1]. The parser extracts the list of deals from the HTML report, based on which we can trades can be formed (graphical objects). Parsing of CSV files from the Signals section is a bit easier, while the file format for the MetaTrader 4 (*.history.csv) and MetaTrader 5 (*.positions.csv) signals is supported by the built-in MQL functions.

[novi]

many thanks for explaining this in details