Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
The OandaX product series is designed to display additional data on orders and positions provided by the Oanda FxLabs service.
The OandaX Download Manager EA is included in the OandaX product series and is designed to download data for all OandaX indicators running in the terminal.
To test your trading strategies and for historical data analysis, you can use free OandaX 5 Download Manager BETA. It is similar to Download Manager but provides data with a delay for a day.
Note. The EA uses WebRe
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here. This version is for MetaTrader 5, MetaTrader 4 version - here.
Currently implemented events:
Crossing from top to bottom - of the upper signal level (default - 70) - sell signal. Crossing from bottom to top - of the upper signal level (default - 70) - sell sign
Find double top and double bottom reversal chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patt
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barr
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
SSACD - Singular Spectral Average Convergence/Divergence
This is an analogue of the MACD indicator based on singular spectrum analysis (SSA).
SSA is an effective method to handle non-stationary time series with unknown internal structure. It is used for determining the main components (trend, seasonal and wave fluctuations), smoothing and noise reduction. The method allows finding previously unknown series periods and make forecasts on the basis of the detected periodic patterns.
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
The main purpose of the indicator is to draw the wave marking on the basis of maximum and minimum levels that has been reached on greater, average and smaller period. It starts to draw the point of a possible wave end if the price passes the deviation distance specified in the settings; the point is considered to be formed if the last closed candlestick hasn't made a new exteremum comparing to the previous candlestick. The fact of displaying a digit of a period itself is not a signal. You need t
Another breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY.
Self-optimizes in seconds ANY Pair on any timeframe (always check with Olivier Nomblot for current settings and pairs).
No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapts to your broker... just drag on your screen.
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the marke
Advanced Candle indicator is designed to display four candle types (including non-standard ones) on the main chart:
HTF Candles allow to display candles for any time frame, including non-standard ones. For example, М27 or М135;Box Candles (candles having their minimum height set in points or percentage value) allow to generate candles having specified minimum height, for example, of 100 points or 0.5%;Volume Candles (candles having their minimum volume set in tick volume or real volume) allow
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
The Auto Channel Gauss indicator detects and draws the channel where the price is moving, and the trend of this channel.
The purpose of the indicator is implementing trading strategies based on operating the key levels of this channel.
Define the channel and limits where the price tends to move, identifying support and resistance. Identify the trend. Works on all pairs and periods. Versatile for many types of strategies. Upper line 1 Gold - it is resistance 1 Upper line 2 Red
The demo accounts and backtests usually (not all, but you never know) use "perfect" situations and information that you might or might not ever see when actually trading a live account. Stuff like spread variation, more or less slippage on one day or another (when the trading price drops or jumps huge amounts at once). Usually, backtesting doesn't take these into consideration as they happen, they usually just see the aftereffects.
haha well i had already taken the time to send an detailed explanation to Oscar Ortiz by Private Mssg.
It is because we now have a new messaging system that allows real time communication i think this is a great update and it is a lot faster then posting to the board i use it a lot for fast talks about several subjects, and helping friends that have problem coding something not everybody wants their code to be out in the open so it is a great and fast update.
Mr. Oscar Ortiz did not provide which terminal he is using.
Also this is a topic that is covered already many times i believe we have spoken about it last week or two weeks ago.
There is a good article about the tester, but it deals with MetaTrader 3, MetaTrader 4, and MetaTrader 5 , at the same time.
So i have highlighted as follows,
Price modeling has always been based on
the bars of the tested time frame, information from lower time frames
were not used. The tester from the MetaTrader 3 terminal had many
shortcomings, including slow testing speed, low accuracy, and the lack
of Expert Advisor optimization by input parameters.
The MetaTrader 4 terminal replaced the third terminal and included a new compiled language MQL4
(Previous MQL-II was interpreted), as well as took an absolutely new
approach to testing. Now testing could be carried out in three modes:
An important difference from the tester
of the third terminal was that the testing strategy of the MetaTrader 4
terminal used the price data of the youngest available time frame for
Therefore, with the presence of the minute history,
throughout the tested interval, the test results are maximally close to
the results obtained online.
In the absence of the underlying time
frames, simulation of price development within the bar is generated in
the same way as in the tester terminal of MetaTrader 3.
In addition, we gained an opportunity to perform optimization by direct enumeration of input parameters, as well as using a genetic algorithm.
This gave us an opportunity to significantly accelerate the process of
optimization, especially for strategies with a large number of input
parameters. It is now possible to conduct the actual testing in the visual regime. This was a huge step, which was appreciated by traders.
The new MetaTrader terminal of the 5-th
generation is based on the experience gained from the design of the
previous terminals, and this applies to the strategy tester. Now there
is an opportunity to conduct testing of multi-currency strategies, i.e.
strategies which are simultaneously traded on multiple instruments.
Strategy optimization can now be
conducted not only on all available processor cores, but also on remote
agents, located on other computers in the LAN and the global Internet
network. This allows you to build up the powers of the tester and
perform cloud calculations, which were previously inaccessible, directly
in the language of MQL5.
But for a basic understanding of the
testing process in the MetaTrader 5 terminal, it is critical to be able
to understand how the modeling of prices in a strategy tester takes
Strategy Tester of the MetaTrader 5
terminal uses only one mode of price modeling in testing - the
generation of ticks on the basis of existing historical data on minute
time frames of the used symbols.
The remaining modes of simulations in
MetaTrader 4 were removed because despite their high speed, they failed
to provide a high accuracy of testing.
Using an M1 time frame in the tester,
allows for a very accurate simulation of the price movement, with a
minimum number of errors, in contrast to the simulation of ticks based
on senior time frames. As a result, the errors in the modeling of prices
in the MetaTrader 5 strategy tester are trivial, and the differences
between the simulated price and the price that took place in reality,
can only be within the scale of a minute bar.
The ability to perform optimization on
local and remote agents, in this approach, can compensate for the
increase in testing time. The generation of ticks is based on the cached
minute entries in an integer format. Therefore, the generation of ticks
is made very quickly.
So it depends on which terminal you use, what time frame you use, and the resolution and completeness of the historic data.
Personally, i only use the strategy tester to see if the logic is working correctly, and nothing more that that.
The exact Algorithm is in the article, too.
Thank you, I also use the Strategy Tester only for testing logic and debugging purpose.
But a lot of people believe they can use for other purpose, which can be more or less true depending of the strategy. As JD4 said a real account has to deal with spread variation, slippage/requote, but also eventually loss of connection, low liquidity, etc...I would like, a day, to create a topic not only to tell these things but to demonstrate concretely the actual impact of all these parameters on the trading results.