MT4 doesn't have long to live - page 26
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And zero time to develop trading strategies....(no offence).
Fortunately, this is not the case.
I have great respect for the results Metaquotes has achieved. I respect the results Apple has achieved. The similarity between these companies is that both believe they know better what the average user of their product needs.
Yes, that's really our position, fully aligned with Apple.
Thinking for others so as to make products that people will use without even realising why they like them. That's why we build user communities, communicate constantly and try to anticipate where the chips are going in the coming years and launch new services.
The fact that we started developing MetaTrader 5 back in 2007 has given us great results. Now we are in a good shape with a good new product, which complements the previous system.
The near monopoly of Apple and Metaquotes in their niches confirms this in practice. However, there is a growing camp of other users. If on Apple's side, this camp is helped by Android. But in the case of MetaQuotes there is no outside help. We only have our own individual developments.
We give enough freedom to third-party developers by building a strong infrastructure. We prepare a lot of documentation and new services for them:
Both MT4 and MT5 in their current form are of interest to traders-professionals only as a trading API. In this case the MT4 API is more sophisticated and convenient due to its own reliable implementation of virtual orders.
But those professionals are a drop in the ocean of users. And is it really worth doing something for their "whims"?
It's a big mistake to think that the professionals are those who use the "trading API". This is not the case.
Having access to many api (especially FIX versions), I can assert that the level of these api compared to MQL4 and especially MQL5 lags hundreds of times behind because of its extreme poverty and complete lack of infrastructural support.
Unfortunately, regular traders having access to the infrastructure of MQL4/MQL5 levels, naively believe that "it's nothing, and everything is much cooler with real professionals! In reality, the "professionals" are so bad from a technical point of view that people are shocked by the collapse of their dreams.
OK, example: Price is at 1.500 and we use different strategies to take a take at both 1.550 and 1.450. We open two positions, each with a different strategy. It is clear here. Now, if we open only one position - which one should we open first? Where the price will go first is unknown. We open a buy position at Take 1.550, and the price decides to go to 1.450 first. Or vice versa. In other words, we will trade now as before, but the profit will be twice less. Nice, isn't it?
By the way, got it :)
We open with lots as two positions, and when we reach e.g. 1.550 or 1.450 we close half of the volume. The other half will try to take another mark. For example, if we took 1.550, we will close half of it and the other half will be closed at 1.450.
Is there an option in MT5 to set two or more TPs for one position, and have them close part of the order? :)
Very curious. What do you think the model and scenario for the next two systems will be, at least approximately:
In general the idea is as simple as a watermelon.
We take a trading system as a black box: two wands, Fibo doesn't matter what - black box and that's it. Some input sequence is generated for this box. The result is fixed. Ideas for the input sequence as I understand it are what we have managed to see in the quote: trend, sideways, outlier, SB, etc.
With this approach we will be able to see the full result for our ideas in TS, not just the one God sent in our sample
In MT5, is there an option to set two or more take outs for one position, and have the take outs close part of the order? :)
Not orders, but positions. Yes, there is.
Once again, for the econometricians: give us a definition of a stable trading system. We illiterate traders still do not know what it is, because we have not seen such systems in our eyes, including in your branch mentioned above.
They have seen unstable ones, but there are always some problems with stable ones: either they have drawdowns or Kolya gives them a peek.
Therefore the question for us is not an idle one. Therefore, we ask this econometrician so well versed in books to give a clear and unambiguous answer to this very small question.
In MT5, is there an option to set two or more take outs for one position, and have the take outs close part of the order? :)
No one banned limiters
Sorry, but I'm too lazy to repeat myself. Spoken on the subject many times.
Then provide me with a link to the statements. It's hard to find anything in numerous threads.
And zero time to develop trading strategies....(no offence).
Fortunately, this is not the case.
What hrenfx writes I understand, but what trading strategies within the terminal do you write about?
1. Not orders, but positions.
2. There are.
1. I'm not good with MT5 definitions yet. I will have to start studying it, and maybe in a couple of months I will have my first EA using MT5.
2. Wow! That's great! Everything is simple then. What is the dispute about? Even lovers of lots then will be able to realise their quirks: a position goes the wrong way - they will fill it, when the price returns - they remove part of the volume (or use takeovers and other stops to remove part of the position).
Then a link in the studio to the statements.
It's hard with you.
TC instability arises because of:
1) shift in deterministic and stochastic parameter coefficient
2) specification error of the deterministic and stochastic parameter
3) specification error of the deterministic and stochastic coefficient
4) data specification error
5) variance of error
6) error accumulation along the forecasting horizon.
Tests are available to identify these problems
Usually there is no advice on what to do if you have a problem. But it is better to know there is a problem than to turn a blind eye.