Something Interesting - page 39

 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting

Sergey Golubev, 2016.05.10 17:28

There is very interesting indicator: Daily Box - indicator for MetaTrader 4:



"Indicator draws a set number of days, thus distributing the schedule for individual rectangles, other than by color and signed on the day of the week, also have the option to enable or disable additional rectangles price of opening and closing of the day, which is also distributed by color."

There is some strong theory that the market is continuing with last week's trend, and new trend may be started on Tuesday only.


 

As the people are continuing asking about how to open an account with Metatrader (mass ask, mostly on facebook) so I want to remind is once more time - 

MetaTrader 5 Help - Open an Account

MetaTrader 5 Android OS Help - Opening a Demo Account 

MetaTrader 5 iPhone/iPad HelpConnecting to an Account and Opening a Demo Account 

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Simplified way to request a real account in MetaTrader 5 Android

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Find a Server by the Broker's Name:
https://www.mql5.com/en/forum/9950/page88#comment_3981953  
https://www.mql5.com/en/forum/214820

Open an Account - Getting Started - MetaTrader 5
Open an Account - Getting Started - MetaTrader 5
  • www.metatrader5.com
Two types of accounts are available in the trading platform: demonstration (demo) and real. Demo accounts provide the opportunity to work in a training mode without real money, allowing to test a trading strategy. They feature all the same functionality as the live ones. The difference is that demo accounts can be opened without any investment...
 

Interesting discussion thread was started (related to the latest changes in MetaEditor): 

Are you interested to participate to a public team project using the new mql5 "Shared Projects" ?

 

New article was published

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Automatic Selection of Promising Signal 

Trading Signals service

Automated trading in financial markets is the ultimate goal of the development of new trading robots, because the market is constantly changing. However, automated trading Expert Advisors cannot be prepared for all situations in the market. Therefore, the most effective way is still the symbiosis of a trading robot and the human control over the automated system operation with necessary adjustments. A good example of such interaction can be found in the Trading Signals service. The service features a selection of trading systems and methods with different risk parameters or trading dynamics. A number of tools can help users find the desired signal. However, the task is to determine the set of parameters suiting different trading styles. A convenient solution is to determine a set of trading signal parameters and their values suitable for risky, moderate and conservative trading styles.
 

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2018.01.17 07:52

Good article - it was already promoted but I think the article is very very interesting so I can promote it here once again sorry.

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How to trade on an external cryptocurrency exchange via MetaTrader 5   


Who might benefit from the article:

  • cryptocurrency exchange traders;
  • investors familiar with MetaTrader 5 and portfolio investments;
  • freelance programmers who can now execute the customers' orders related to cryptocurrency trading in a simpler (and cheaper) way;
  • everyone who follows the new MetaTrader 5 and MQL5 language features. 

First, we need to choose a cryptocurrency exchange providing a web API.


 

As the people are asking same question again and again so it is small thread about it:

A broker for Cryptocurrencies
 

This is very interesting indicator from Mladen - 

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Smoothed Kijun-Sen - indicator for MetaTrader 5

Smoothed Kijun-Sen

 

This is zigzag channel base on AlexSTAL zig zag Prof. 

AlexSTAL_ZigZagProf_channel - indicator for MetaTrader 5



 

Interesting article was published yesterday - 

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The Channel Breakout pattern

The global market is an age-old struggle between sellers and buyers. Sellers want to earn more by selling at a higher price, while buyers are not willing to give their earned money and want to pay a cheaper price. According to the theory of economics, the true price is found at the point of equality of supply and demand. That seems to be true. However, the problem is in the market dynamics, because the volumes of supply and demand are constantly changing.

The struggle results in price fluctuations. These fluctuations form channels, which traders analyze to find market trends. In turn, these movements form fluctuations of a higher order. One of the first signs of trend change is the breakout of a formed price channel.

Channel Breakout System

The very first test showed that the strategy is able to make a profit. The EA performed only 26 trades which resulted in 10 open positions during the tested period. 80% of open positions were closed with profit. This gave a smooth growth of balance. Profit-factor according to the testing results was 4.06. It is a good result.


 
Sergey Golubev:

Interesting article was published yesterday - 

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The Channel Breakout pattern

The global market is an age-old struggle between sellers and buyers. Sellers want to earn more by selling at a higher price, while buyers are not willing to give their earned money and want to pay a cheaper price. According to the theory of economics, the true price is found at the point of equality of supply and demand. That seems to be true. However, the problem is in the market dynamics, because the volumes of supply and demand are constantly changing.

The struggle results in price fluctuations. These fluctuations form channels, which traders analyze to find market trends. In turn, these movements form fluctuations of a higher order. One of the first signs of trend change is the breakout of a formed price channel.


The very first test showed that the strategy is able to make a profit. The EA performed only 26 trades which resulted in 10 open positions during the tested period. 80% of open positions were closed with profit. This gave a smooth growth of balance. Profit-factor according to the testing results was 4.06. It is a good result.


Thanks you Mr Sergey, the article is interesting.

Reason: