Discussing the article: "Developing A Swing Entries Monitoring (EA)"
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Check out the new article: Developing A Swing Entries Monitoring (EA).
As the year approaches its end, long-term traders often reflect on market history to analyze its behavior and trends, aiming to project potential future movements. In this article, we will explore the development of a long-term entry monitoring Expert Advisor (EA) using MQL5. The objective is to address the challenge of missed long-term trading opportunities caused by manual trading and the absence of automated monitoring systems. We'll use one of the most prominently traded pairs as an example to strategize and develop our solution effectively.
We successfully visualized the indicator's performance by observing its interaction with the EMA 100 across higher timeframes, particularly H4 and D1. The system demonstrates its ability to send alerts in three distinct ways, including Telegram notifications. Price consistently respected the chosen EMA, as evidenced by the illustrations we’ve shared. The image below captures the launch of both the EA and the indicator on the MetaTrader 5 terminal, showcasing their integration and functionality.
Adding the EA and Indicator to the chart
Author: Clemence Benjamin