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MetaQuotes Software Corp.
Moderator
181260
MetaQuotes Software Corp. 2016.02.24 15:36 

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.

2. Graphic panel

2.1. General information

The interface of the graphic panel is shown below:

Figure 16. Graphic panel to manage the Expert Advisor

Figure 16. Graphic panel to manage the Expert Advisor

The graphic panel consists of four logical blocks:

  • Analyzer settings;
  • Alligator settings;
  • Settings for displaying and trading by signals of five dimensions;
  • Settings for trading.

After changing settings press "Accept" button to save them.

Author: Nikolay Churbanov

Sherif Hasan
7290
Sherif Hasan 2016.02.24 17:55  
Great article and very informative...
Francis Dogbe
9501
Francis Dogbe 2016.03.01 08:24  
Isn't this system the same as chaos trading? Just asking.. :)
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