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Discussion of article "The Implementation of Automatic Analysis of the Elliott Waves in MQL5"

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MetaQuotes Software Corp.
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MetaQuotes Software Corp.  

New article The Implementation of Automatic Analysis of the Elliott Waves in MQL5 is published:

One of the most popular methods of market analysis is the Elliott Wave Principle. However, this process is quite complicated, which leads us to the use of additional tools. One of such instruments is the automatic marker. This article describes the creation of an automatic analyzer of Elliott Waves in MQL5 language.

Author: Roman Martynyuk

investeo
4107
investeo  
Pawel Wojnarowski
685
Pawel Wojnarowski  
Incredible article, great descriptions and explanations. Really stunning. Great respect to the author for his modelling/programming skills and will to share such valuable knowledge.
onewithzachy
2271
onewithzachy  
Though I prefer my eyes when analyzing Elliot Waves. I have to say thank you for writing this article. Many many thanks.

molanis
384
molanis  

The question is how we use it to get take profit and stop loss targets?

syaifullah7673
3
syaifullah7673  
thank you about elliot wave analysis, but i have any quoetions, 1. How to install it, and 2. can to use analysis in time frame 15M, 1 hour, or 4 hour, 3. what sight if this EA correct and run thank
david mackay
2212
david mackay  
Thanks for this article, you have spent a huge amount of time and effort in this, thanks for sharing.

expresid
3
expresid  

Hy,where ,in what folder to put MQL5/Include/Elliot Wave file,  I put it in MQL5/include/Eliiot Wave,but when i compile this file I have a lot of error ,and also some time the advisor  after analyses is done when i press show result it is block,take a look,tnks

 

Files:
GBPUSD1.jpg 311 kb
GBPUSD2.jpg 238 kb
Automated-Trading
Admin
103618
Automated-Trading  
expresid:

Hy,where ,in what folder to put MQL5/Include/Elliot Wave file,  I put it in MQL5/include/Eliiot Wave,but when i compile this file I have a lot of error ,and also some time the advisor  after analyses is done when i press show result it is block,take a look,tnks

 

It isn't necessary to compile the mqh files.

You need to compile the Expert Advisor \MQL5\Experts\Elliott_wave_en.mq5

Because of massive calculations and analysis of a large number of different cases, it's isn't recommended to launch the Expert Advisor at timeframes, lower than daily.

It' better to analyse the Elliott waves at Daily and Weekly timeframes.

lamme.vandriel
361
lamme.vandriel  
molanisfx:

The question is how we use it to get take profit and stop loss targets?

I have also the same question. Cause after installing I saw that this is a analyzer without automatic trading.

How can i get this working as a automatic trading robot?

Is it necessary to create a new 'include' file which one can be paste into de elliot wave EA for upgrading this analyzer to a automatic trading machine?   

lamme.vandriel
361
lamme.vandriel  

After installing and working with the EA, i have conclude that the elliot wave ea isn´t working on the daily graph and smaller timeframes. EA is only working on the monthly and weekly timeframe.

Since installing i´m trying to get this ea working as a automated trading machine. But is here someone who can tell me how to solve this question? Or is here someone who´s got is already working?

Documentation on MQL5: Standard Constants, Enumerations and Structures / Chart Constants / Chart Timeframes
  • www.mql5.com
Standard Constants, Enumerations and Structures / Chart Constants / Chart Timeframes - Documentation on MQL5
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