Discussion of article "MQL5 Wizard techniques you should know (Part 06): Fourier Transform"
It's a great article although I need to study it more in detail as I have not used Fourier Transforms for 60 years. I'm surprised there have not been other comments. Can you post the the expert mq5 source so the three options can be compiled into the expert and tested.
Good article. Interesting idea. Sample mq5 code to test/try these options will be great. Thanks.
Experts used in articles are compiled via MQL5 wizard, so the rest of source code is already on your PC if you have metatrader.
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New article MQL5 Wizard techniques you should know (Part 06): Fourier Transform has been published:
The Fourier transform introduced by Joseph Fourier is a means of deconstructing complex data wave points into simple constituent waves. This feature could be resourceful to traders and this article takes a look at that.
On compilation with the inbuilt RSI signal class and inbuilt fixed-margin money management, we do get these results for: EURJPY over the period: 2022.01.01 to 2023.01.01 on the timeframe: 4-hours. In running this test, we do not set profit targets nor use the default stop loss setting, therefore both inputs for these are zero. We want exits to be entirely determined by reversal of signal or triggering of the stop loss set by our trailing stop.
Author: Stephen Njuki