Market Condition Evaluation based on standard indicators in Metatrader 5 - page 234

 

Forum on trading, automated trading systems and testing trading strategies

over bougt/over sold levels

Sergey Golubev, 2017.08.25 11:03

The forum threads/posts about it

  • What does it mean a currency to be Overbought and Oversold? - the thread 
  • Overbought vs. Oversold - the post with mini-article
  • RSI based overbought / oversold levels - small thread with indicator (MT4)
  • Video Lessons - Ichimoku With Oversold and Overbought Levels - the post with video
  • Video Lessons - Overbought and Oversold levels - the post with video
  • Stochastic - small thread with trading system based on standard indicators in Metatrader
  • Something Interesting to Read - Theory Of Stochastic Processes - the thread with the books

Forum on trading, automated trading systems and testing trading strategies

over bougt/over sold levels

Sergey Golubev, 2017.08.25 10:37

There are many indicators providing overbought/oversold levels, and you can select them in CodeBase.

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You can look at the following indicators for example:

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Example to use those levels: +135 pips

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What is a trend and is the market structure based on trend or flat

What is a trend and is the market structure based on trend or flat

The concepts of trend and flat can be clearly and fully defined. Besides, it is possible to compare the trendiness degree of different instruments as well as of a single instrument on different scales. Such an analysis allows us to evaluate characteristics and features of instruments and construct trading algorithms considering individual behavior of each instrument.

Knowing statistical characteristics of an instrument and their change over time, we can get rid of optimizing parameters when developing a trading algorithm. Instead, we can perform measurements and deliberately change trading algorithm parameters depending on statistical characteristics of a traded instrument.


What is a trend and is the market structure based on trend or flat?
What is a trend and is the market structure based on trend or flat?
  • www.mql5.com
According to one of the Merriam-Webster definitions, a trend is the general movement over time of a statistically detectable change and also a statistical curve reflecting such a change. In math, trends can be described using various equations — linear, logarithmic, polynomial, etc. The actual trend type is established based on the selection of...
 

Forum on trading, automated trading systems and testing trading strategies

How to start with MetaTrader and forex, the beginning

Sergey Golubev, 2021.02.13 08:42

The market and the physics of its global patterns

The market and the physics of its global patterns


In this article, we will try to understand how market physics can be used for automated trading. The language of mathematics implies transition from abstractness and uncertainty to forecasting. This allows operating with clear formulas or criteria, rather than with some approximate and vague values, in an effort to improve the quality of the created systems. I will not invent any theories or patterns, but I will only use known facts, gradually translating these facts into the language of mathematical analysis. The market physics is impossible without mathematics, because the signals that we generate are mathematical substance. Many people try to create various theories and formulas without any statistical analysis or using very limited statistics, which is often not enough for such bold conclusions. Practice alone is the criterion of truth. First, I will try to reflect a little, and then, based on these reflections, I will create an Expert Advisor (EA). This will be followed by the EA testing.

 

Finding seasonal patterns in the forex market using the CatBoost algorithm

Two other articles devoted to seasonal pattern search have already been published (1, 2). I was wondering how machine learning algorithms can cope with the pattern search task. Trading systems in the above-mentioned articles were built on the basis of statistical analysis. The human factor can be eliminated now by simply instructing the model to trade at a certain hour of a certain day of the week. Pattern search can be provided by a separate algorithm.

Exploring Seasonal Patterns of Financial Time Series with Boxplot
Exploring Seasonal Patterns of Financial Time Series with Boxplot
  • www.mql5.com
In this article we will view seasonal characteristics of financial time series using Boxplot diagrams. Each separate boxplot (or box-and-whiskey diagram) provides a good visualization of how values are distributed along the dataset. Boxplots should not be confused with the candlestick charts, although they can be visually similar.
 
Sergey Golubev:

Are you using the version of AbsoluteStrengthMarket_v1 indicator from this post ?
I think - yes ...

You can use attached template file (absolutestrengthmarket3.tpl). How to install template:

  • download template file (absolutestrengthmarket3.tpl);
  • go to Templates folder (MT5's menu - File - Open Data Folder - MQL5 - Profiles - Templates) and place this file to this/inside Templates folder.
  • open any chart you want, right mouse click on the chart, and select Templates - absolutestrengthmarket3.

You will have the chart like that:

You can modify this chart as you need and save it as an other template (your template with your name).
How to save the chart as template? Same: right mouse click on the chart - Templates - Save Template.

thanks for not only ASM, thanks for a lot helpful for comments...
 

RSX volatility ratio adaptive - indicator for MetaTrader 5

RSX volatility ratio adaptive - indicator for MetaTrader 5

RSX is "smoother RSI than RSI". It is an RSI that, without adding lag is producing smoother RSI values. This version adds volatility ratio adapting to it in order to make it more responsive to market condition changes at the times of high volatility, and to make it smoother in the times of low volatility
RSX volatility ratio adaptive
RSX volatility ratio adaptive
  • www.mql5.com
RSX volatility ratio adaptive
 

Forum on trading, automated trading systems and testing trading strategies

Market Condition Evaluation based on standard indicators in Metatrader 5

Sergey Golubev, 2013.09.01 21:06

This my post? red dotted lines are for possible sell stop trade, blue dotted lines are are possible buy stop ...

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Anyway - I just copied some latest summary from this thread :

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Market Condition Evaluation

story/thread was started from here/different thread

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The beginning:

  1. Market condition indicators/tools thread  
  2. MaksiGen Trading system (light Paramon): many variations of the system - the thread
  3. How to use Support and Resistance Effectively - educational thread
  4. Market condition and EAs thread 
  5. Trend indicators thread  
  6. Forex Market Conditions, a graphic depiction - the thread 
  7. Evaluation of the market condition using six SMA indicators thread 
  8. Multi-indics indicators thread 
  9. Candle time tools thread

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Market condition

  • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
  • Summary about market condition theory is on this post 
  • Practical examples about every market condition case by indicators: starting from this page till this one
     
  • trendstrength_v2 indicator is here,
     
  • AbsoluteStrength indicator new version is here
  • AbsoluteStrength indicator old version is on this post

  • AbsoluteStrengthMarket indicator is here to download.

  • good feature in Metatrader 5: moving  stop loss/take profit by mouse on the chart (video about howto) 

  • predictions are very different thing from technical/fundamental analytsis the post with explanation 

  • Technical vs. Fundamental; Short-Term vs. Medium-Term vs. Long-Term; Discretionary vs. Automated - the post

  • Market condition setup (indicators and template) is here
     

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3 Stoch MaFibo trading system for M5 and M1 timeframe 

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PriceChannel ColorPar Ichi system.

 

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MaksiGen trading system 

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 Merrill's patterns are on this page.

 

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Divergence - how to use, explanation and where to read about.

  

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Scalp_net trading system

  • template/indicators and how to use are on this comment.

  • scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
     
  • possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
     

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MTF systems 

more to follow ...

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MA Channel Stochastic system is here.

Improved version of this system: post


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Ichimoku


The beginning

  1. Simple Ichimoku System
  2. Simple Ichimoku System - rules for the systems
  3. Simple Ichimoku Scalping 

After


 

Half Trend New - indicator for MetaTrader 5 

Half Trend - indicator for MetaTrader 5

Half Trend - indicator for MetaTrader 5



Half Trend - indicator for MetaTrader 5

Half Trend - indicator for MetaTrader 5

Change of trend is indicated by arrows ('Up' and 'Down)

 
Sergey Golubev:

Half Trend New - indicator for MetaTrader 5 

Half Trend New - indicator for MetaTrader 5


Half Trend New - indicator for MetaTrader 5


Half Trend New - indicator for MetaTrader 5



Half Trend New - indicator for MetaTrader 5


Change of trend is indicated by arrows ('Up' and 'Down)

And this is the EA based on this indicator:

Half Trend New EA - expert for MetaTrader 5
Reason: