New article Trading signals module using the system by Bill Williams has been published:
The article describes the rules of the trading system by Bill Williams, the procedure of application for a developed MQL5 module to search and mark patterns of this system on the chart, automated trading with found patterns, and also presents the results of testing on various trading instruments.
The trading system by Bill Williams described in his book called "New trading dimensions"
is certainly something that any trader is familiar with. This is one of
the systems that contains clear and understandable rules for a majority
of beginners. But the simplicity of rules is only apparent — the
trading system comprises more than a dozen of trading patterns.
Many have attempted to create an Expert
Advisor themselves based on this system, but pattern formalization,
correct search and interpretation frequently prove difficult. In order
to automate trading as well as identify and mark the system patterns, I
have developed a module of trading signals for creating robots in MQL5 Wizard.
I aimed to create maximum convenience for those potential users of the
MetaTrader 5 terminal, who may wish to study the trading system
independently. The difference of the suggested trading module from other
60 published modules for MQL5 Wizard is that it contains configuration options with a visual interface.
The interface of the graphic panel is shown below:
Figure 16. Graphic panel to manage the Expert Advisor
The graphic panel consists of four logical blocks:
After changing settings press "Accept" button to save them.
Author: Nikolay Churbanov
This is one of the best to learn form.
Thanks Master, Nikolay
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Thanks Nicolay, this article is very helpful.
I'm using Metatrader 4 trading platform which doesn't seem to allow MetaEditor 5
Is there a way that I can get the Trading Signals Module to run on MetaTrader4?
I have loaded your EA and made the correction as detailed in your instructions.
I have been checking the alerts and point of exit and entry but are having difficulty in what they are indicating
that I should do .. Like in AC ZS S and on the main chart FrS when they are way under the lips of the alligator and the bars are
pulling away supporting the down trend.
Could be I do not understand how it works?
Appreciate any help. Regards, Roger