Discussing the article: "Price Action Analysis Toolkit Development (Part 5): Volatility Navigator EA"
could Mr Benjamin or anyone reading this tell me where I could find Parts 1-3 of this article?
@Qhumanani #: could Mr Benjamin or anyone reading this tell me where I could find Parts 1-3 of this article?
Simply go to the author's profile and then click on "Publications" ... Christian Benjamin (Publications)
Qhumanani #:
could Mr Benjamin or anyone reading this tell me where I could find Parts 1-3 of this article?
could Mr Benjamin or anyone reading this tell me where I could find Parts 1-3 of this article?
Hello Sir, please follow the links provided below.
https://www.mql5.com/en/articles/16434
Price Action Analysis Toolkit Development (Part 3): Analytics Master — EA
- www.mql5.com
Moving from a simple trading script to a fully functioning Expert Advisor (EA) can significantly enhance your trading experience. Imagine having a system that automatically monitors your charts, performs essential calculations in the background, and provides regular updates every two hours. This EA would be equipped to analyze key metrics that are crucial for making informed trading decisions, ensuring that you have access to the most current information to adjust your strategies effectively.
Fernando Carreiro #:
Simply go to the author's profile and then click on "Publications" ... Christian Benjamin (Publications)
Thank you sir!
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Check out the new article: Price Action Analysis Toolkit Development (Part 5): Volatility Navigator EA.
Determining market direction can be straightforward, but knowing when to enter can be challenging. As part of the series titled "Price Action Analysis Toolkit Development", I am excited to introduce another tool that provides entry points, take profit levels, and stop loss placements. To achieve this, we have utilized the MQL5 programming language. Let’s delve into each step in this article.
Navigating the complexities of trading involves more than simply identifying potential market directions; it also demands precise execution. Many traders encounter setbacks not because of poor trade execution but due to inaccuracies in their entry points, stop loss placements, or take profit targets.
To address this challenge, I have developed a new tool called Volatility Navigator using the MQL5 programming language, specifically designed to optimize these critical aspects of trading. Unlike my previous tools that primarily focused on predicting market trends, Volatility Navigator independently identifies optimal entry points, stop loss levels, and take profit targets.
In the diagram above, we can observe the orders I executed after receiving the signals, all of which are currently in profit. The diagram also displays the levels indicated by the signals as horizontal lines: the take profit level is shown in blue, the entry point in green, and the stop loss in red. Let’s also take a look at the GIF below for a broader insight.
Fig 8. Test result
Author: Christian Benjamin