Market Condition Evaluation based on standard indicators in Metatrader 5 - page 230

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Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting

Sergey Golubev, 2017.04.17 20:05

Just to remind about interesting indicator: FivePattern - indicator for MetaTrader 5

This is the indicator to show М & W Wave Patterns by Merrill and support/resistance levels.

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About Merill Patterns:

This is Merrill's patterns for downtrend:


Merrill's patterns for uptrend:


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And this is some other patterns:



Good article was published -

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Strategy builder based on Merill patterns 

In the previous article, we considered application of Merill patterns to various data, such as to a price value on a currency symbol chart and values of standard MetaTrader 5 indicators: ATR, WPR, CCI, RSI, among others. A graphical interface was developed to explore this idea. The main purpose of the interface is to test and find efficient pattern use methods. Further, the found successful configurations should be built into trading strategies and tested. In this article, we will develop a basic toolkit for building trading strategies and testing them.

Strategy builder based on Merill patterns
Strategy builder based on Merill patterns
  • www.mql5.com
2. Working timeframe and the "Date range" button. All elements implement the selection of a working timeframe for testing. The Date range button opens the appropriate dialog box, described above. The CreateButton() method implements the button. CreateTextLabel() creates an appropriate label, CreateTimeframe1() implements timeframe selection...
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