Discussion of article "How to Make a Trading Robot in No Time" - page 6

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Tags, maybe? It will be immediately obvious which ones are popular and which ones are still popular. Such a semi-automatic classification, so to speak.

 
Renat:
Every day we write a huge amount of documentation and translations, pay for other people's articles.

Is there a single person who has read all 3000 pages of MQL5 documentation, terminal help, editor's help and articles?

Of course not. This is the impossibility of solving the problem of mass training.

Every second person will ask (fortunately, to himself, not in public) the question "How to do this? Why isn't there a clearly written 5 paragraph article? I'm not willing to re-read everything! You don't understand users, you're complacent!"

For our part, we are increasing the volume of materials, structuring them, delivering them before traders' eyes in terminals, building up the code library and including all this in our powerful search engine, which is also available in the terminal.

I don't know whether I will add to your explanations or refute them, judge for yourself.

I have read all 3000 pages of documentation. Naturally I did not do it in one time. But after reading from the beginning to the end I realised that I didn't understand anything (or rather didn't remember). Then I just started writing codes on mql5 and oh miracle everything came together in a single picture.

I still don't remember all the documentation by heart, but when solving a particular problem, I know that this particular problem can be solved with the help of a certain mql5 function. Sometimes I don't even remember which one, I just know it's there. It's just a matter of opening the help and finding the necessary function (although with time you look in the help less and less).

This approach also has a place, but from the academic point of view it is not right, there is no system of knowledge. Academic approach to learning says "knowledge should be obtained by system, from simpler to more complex", and any gap is fraught with holes in knowledge and impossibility to apply it in general.

Hence the moral: a textbook is needed (well, if not a textbook, at least a training programme), and the Help is a cheat sheet for practical application of the language (hence, by the way, the obsessive requests to build the Help into ME, which were heard at the dawn of MT5, as in fact the Help is a development tool).

 
Rosh:

By the way, on the topic of the article - has anyone read the Turtles book mentioned in the article?

In this book I saw also interesting ideas that can be implemented in the articles. It's a pity I don't have enough time...

 

Hi everyone, although everyone has been on here for over a year now. I wanted to ask knowledgeable forum members, maybe someone in the know. I want to adapt the trading robot to other sites, how can I catch those "hooks" on the site to hook the robot to further its work?

 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.02.15 06:58

Trader Styles and Flavors (based on dailyfx article)

Technical vs. Fundamental

Technical analysis is the art of studying past price behavior and attempting to anticipate price moves in the future. These are traders that focus solely on price charts and often times incorporate indicators and tools to assist them. They look at price action, support and resistance levels, and chart patterns to create trading strategies that hopefully will turn a profit.

Fundamental analysis looks at the underlying economic conditions of each currency. Traders will turn to the Economic Calendar and Central Bank Announcements. They attempt to predict where price might be headed based on interest rates, jobless claims, treasury yields and more. This can be done by looking at patterns in past economic news releases or by understanding a country’s economic situation.

Short-Term vs. Medium-Term vs. Long-Term

Deciding what time frame we should use is mostly decided by how much time you have to devote to the market on a day-to-day basis. The more time you have each day to trade, the smaller the time frame you could trade, but the choice is ultimately yours.

Short-Term trading generally means placing trades with the intention of closing out the position within the same day, also referred to as
“Day Trading” or “Scalping” if trades are opened and closed very rapidly. Due to the speed at which trades are opened and closed, short-term traders use small time-frame charts (Hourly, 30min, 15min, 5min, 1min).

Medium-Term trades or “Swing Trades” typically are left open for a few hours up to a few days. Common time frames used for this type of trading are Daily, 4-hour and hourly charts.

Long-Term trading involves keeping trades open for days, weeks, months and possibly years. Weekly and Daily charts are popular choices for long term traders. If you are a part-time trader, it might be suitable to begin by trading long term trades that require less of your time.

Discretionary vs. Automated

Discretionary trading means a trader is opening and closing trades by using their own discretion. They can use any of the trading styles listed above to create a strategy and then implement that strategy by placing each individual trade.
The first challenge is creating a winning strategy to follow, but the second (and possibly more difficult) challenge is diligently following the strategy through thick and thin. The psychology of trading can wreak havoc on an otherwise profitable strategy if you break your own rules during crunch time.

Automated trading or algorithmic trading requires the same time and dedication to create a trading strategy as a discretionary trader, but then the trader automates the actual trading process. In other words, computer software opens and closes the trades on its own without needing the trader’s assistance. This has three main benefits. First, it saves the trader quite a bit of time since they no longer have to monitor the market as closely to input trades. Second, it takes the emotions out of trading by letting a computer open and close trades on your behalf. This means you are following your strategy to the letter and are not able to deviate. And third, automated strategies can trade 24 hours a day, 5 days a week giving your account the ability to take advantage of any opportunity that comes its way no matter the time of day.


 
Wow, there's a lot to read. If you're just a TRADER and you're going to venture into programming, GOOD LUCK.
 
It can only be said that people who go to make themselves rich quickly will be more unscrupulous, and those who change only once have a bit of a conscience, and for themselves, making him, more than ever, should make themselves the same as any other ordinary person, so that they can become a real market analyst. The irreversible law is that it is impossible to reach perfection too quickly.
 

It a MUST READ article for all Freelance customers here before they press the New Job button, to minimize the arbitration procedure. 

 

"Unfortunately, not all authors are successful traders and not all successful traders write books. Many special web resources are created only to earn profit for their owners, as it is much more difficult to trade your own money than to issue forecasts and teach trading systems."

That's realy true! 

 

Hello, very interesting article.

Thanks for the translation.

quid pro quo : these four links don't work for you at least, they are slow and finally stopped by the firewall:

job service {https://www.mql5.com/es/job}

MQL5 community {https://www.mql5.com/es/forum}

automated trading championship {https://championship.mql5.com/}

participating in the championship {https://championship.mql5.com/2012/en/news/148}


I will try to understand MQL5, it seems simple.

Regards.

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