Reading RSS News Feeds by Means of MQL4
This article deals with an example of reading RSS markup by means of MQL4 using the functions from the article HTML Walkthrough Using MQL4. It is assumed that the reader has read the article or at least has the general understanding of the ideas described there.
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2016.03.22 07:54
This is very good news:
"The MetaTrader 5 platform was originally designed for trading within
the netting position accounting system. The netting system allows having
only one position per financial instrument meaning that all further
operations at that instrument lead only to closing, reversal or changing
the volume of the already existing position. In order to expand
possibilities of retail Forex traders, we have added the second
accounting system — hedging. Now, it is possible to have multiple
positions per symbol, including oppositely directed ones. This paves the
way to implementing trading strategies based on the so-called "locking"
— if the price moves against a trader, they can open a position in the
Since the new system is similar to the one used in MetaTrader 4, it
will be familiar to traders. At the same time, traders will be able to
enjoy all the advantages of the fifth platform version — filling orders
using multiple deals (including partial fills), multicurrency and
multithreaded tester with support for MQL5 Cloud Network, and much more.
Now, you can use one account to trade the markets that adhere to
the netting system and allow having only one position per instrument,
and use another account in the same platform to trade Forex and apply
Coffie v1 - indicator for MetaTrader 4
This is interesting indicator from Kalenzo. We can use this indicator to find good entry especially for lower timeframe. Indicator is not lagging so we can catch good movement in the very beginning for example.
My idea about how to use it:
We can see +56 pips in profit in the image using this rules for example.
Gold is Reaching at 1270
Sergey Golubev, 2013.07.01 21:04
How can we know: correction, or bullish etc (in case of using indicator for example)?
well ... let's take AbsoluteStrength indicator from MT5 CodeBase.
bullish (Bull market) :
bearish (Bear market) :
ranging (choppy market - means: buy and sell on the same time) :
flat (sideways market - means: no buy and no sell) :
correction in a bear market (Bear Market Rally) :
Sergey Golubev, 2013.07.01 21:43
Old but Famous
This is very famous EA - many traders started his trading life with this EA very long time ago:
Divergence Trader - expert for MetaTrader 4
Stretch Breakout Channel - indicator for MetaTrader 4
The developer of these indicators is Arturo López, founder of Point Zero Trading Solutions.
Toby Crabel is a self-made millionaire commodities trader who has
avoided having a losing year from 1991 to 2002. Among other
achievements, he wrote a great trading book entitled Day Trading with Short-term Price Patterns.
The Stretch is calculated by taking the 10 period SMA of the absolute
difference between the open and either the high or low, whichever
difference is smaller. It represents the minimum average price
movement/deviation from the open price during a period of time, and that
value is used to calculate breakout thresholds for the current trading
session. This can be used to plot a multitimeframe breakout channel.
Using this strategy, the trader places a buy stop just above the open
price plus the Stretch and a sell stop just below the open price minus
the Stretch. The first stop triggered enters the trader into the trade
and the other stop becomes the protective stop.
Crabel's research shows that the earlier in the trading session the
entry stop is hit the more likely the trade will be profitable at the
close. A market movement that kicks off a trend quickly in the current
trading session could add significant profit to a trader's position by
the close and should be considered for a multi-day trade.
Extending Crabel's research results it is obvious that as time passes
and we are not filled early on then the risk increases and it becomes
prudent to reduce the size of the position during the day. Trades filled
towards the end of the day carry the most risk and the later in the day
the trade is filled the less likely the trader will want to carry that
This is very good EA for newbies - for the traders who are learning Stochastic indicator about how it works. EA is trading on overbought/oversold levels of Stochastic indicator with the following parameters which were coded to be inside this EA:
The coder proposed set file for this EA so we may use this EA on EURUSD M15 timeframe according to this set file/parameters.
I backtested EA just to see how it works - please find backtesting results and some charts with the ideas about overbought/oversold levels:
I am suggesting to use the following based setting for this EA:
How to install
Tis is backtesting results with 300 dollar initial deposit for AUDUSD and GBPUSD (M5 timeframe):