How to Start with Metatrader 5 - page 55

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2014.03.26 19:51

Building an Automatic News Trader

As Investopedia states, a news trader is "a trader or investor who makes trading or investing decisions based on news announcements". Indeed, economic reports such as a country's GDP, consumer confidence indexes and employment data of countries, amongst others, often produce significant movements in the currency markets. Have you ever attended a U.S. Non-Farm Payrolls release? If so, you already know that these reports may determine currencies' recent future and act as catalysts for trends reversals.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2013.04.13 12:13

Just some good article: 

MetaTrader 5: Publishing trading forecasts and live trading statements via e-mail on blogs, social networks and dedicated websites

[Sergey Golubev]

Did anyone tried web trading for Metatrader? I just opened demo trying to make a chart for technical analysis for example.

Just hope that MQ will add more indicators to it (especially Ichimoku indicator):

Forum on trading, automated trading systems and testing trading strategies

More technical analysis tools added in the MetaTrader 4 Web platform

MetaQuotes Software Corp., 2015.12.17 12:00

The latest version of the MetaTrader 4 Web platform features new tools for technical analysis. Recently, we announced the upcoming implementation of the MACD oscillator in order to demonstrate the indicator operation on a separate window. Eventually, we have decided to speed up and add a few different indicators in test mode:

• Envelopes oscillator using two Moving Averages to form an envelope on a chart
• Popular Bollinger Bands trend following indicator consisting of three Moving Averages and assessing the market volatility
• Momentum indicator showing price change rate
• Moving Average Convergence/Divergence (MACD)

You can configure the indicators by setting the necessary analytical parameters, including calculation period and shift relative to a price chart. Visual settings such as line color, width, and type, are to be added soon. The remaining indicators will appear in the Web platform after thorough testing. The future Web platform versions will also feature the ability to apply indicators to each other.

Stay tuned for more news!

LAUNCH THE METATRADER 4 WEB PLATFORM

[Sergey Golubev]

This is how it works:

[Sergey Golubev]

This web trading is working good - I like it:

This is EURUSD M30 chart with Moving Average indicator (SMA with period = 55; MA method = Simple; apply to Close):

[Sergey Golubev]

Sergey Golubev:

This is EURUSD M30 chart with Moving Average indicator (SMA with period = 55; MA method = Simple; apply to Close):

Why M30 timeframe with SMA period 55? because this is famous trading system:

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2013.01.14 16:11

About the famous CatFX trading system - StepSto_v1 was used for this system together with price crossing MA with period 55 on M30. And I see the entry now on CodeBase with this indicatior for MT5! StepSto_v1 indicator for MT5 is here. Thanks a lot to Igorad and to GODZILLA For now - we are having the hope to code MT5 EA based on this famous trading system.

Just for information. 

[Sergey Golubev]

Here are my top 6 reasons of why I choose Renko Bars and charts:

1. They REALLY help filter the noise
2. They help smooth Indicators
3. They can provide better entries
4. They may help to provide smaller stops
5. In my opinion they are just “cleaner”
6. They help to filter noise and may help, keep us out of the chop.

Forum on trading, automated trading systems and testing trading strategies

Something Interesting in Financial Video January 2014

Sergey Golubev, 2014.01.08 15:48

Renko Bar |Day Trading | What are Renko Bars | How do Renko Bars Work | Part 1

Forum on trading, automated trading systems and testing trading strategies

Indicators: Renko

Sergey Golubev, 2013.09.03 11:03

Renko (extraction from Achelis - Technical Analysis from A to Z)

============

Overview

The Renko charting method is thought to have acquired its name from "renga" which is the Japanese word for bricks. Renko charts are similar to Three Line Break charts except that in a Renko chart, a line (or "brick" as they're called) is drawn in the direction of the prior move only if prices move by a minimum amount (i.e., the box size). The bricks are always equal in size. For example, in a 5-unit Renko chart, a 20-point rally is displayed as four, 5-unit tall Renko bricks.

Kagi charts were first brought to the United States by Steven Nison when he published the book, Beyond Candlesticks.

Interpretation

Basic trend reversals are signaled with the emergence of a new white or black brick. A new white brick indicates the beginning of a new up-trend. A new black brick indicates the beginning of a new down-trend. Since the Renko chart is a trend following technique, there are times when Renko charts produce whipsaws, giving signals near the end of short-lived trends. However, the expectation with a trend following technique is that it allows you to ride the major portion of significant trends.

Since a Renko chart isolates the underlying price trend by filtering out the minor price changes, Renko charts can also be very helpful when determining support and resistance levels.

Calculation

Renko charts are always based on closing prices. You specify a "box size" which determines the minimum price change to display.

To draw Renko bricks, today's close is compared with the high and low of the previous brick (white or black):

• If the closing price rises above the top of the previous brick by at least the box size, one or more white bricks are drawn in new columns. The height of the bricks is always equal to the box size.

• If the closing price falls below the bottom of the previous brick by at least the box size, one or more black bricks are drawn in new columns. Again, the height of the bricks is always equal to the box size.

If prices move more than the box size, but not enough to create two bricks, only one brick is drawn. For example, in a two-unit Renko chart, if the prices move from 100 to 103, only one white brick is drawn from 100 to 102. The rest of the move, from 102 to 103, is not shown on the Renko chart.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

All about Calendar tab and Macro Economic Events.

Alain Verleyen, 2013.03.17 16:54

For traders

MT5 user interface

• If you can't view the calendar tab, probably it's a choice a your broker :

• New Video : How to delete Calendar Events from charts ?

• New Video : How to disable Calendar Events from charts ?

• New Video : How to export Calendar Events ?

• New Video : How to show only selected Calendar Events on a chart ?
  

• Main documentation for using the tab, can be found here.

Analysis

• What is Fundamental Analysis and how use MT5 for that.
  

• What are the events and the available indicators in calendar tab?

For developers

• How to access calendar events from MQL5 ?

• A good demonstration about using calendar economic events from code.
  

• Documentation about object use by Calendar (See OBJ_EVENT).
  

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with MT5, a summary !

Alain Verleyen, 2013.03.15 16:12

How to start with MT5 platform : summary.

As our topic about "How to start with Metatrader 5" is going to be huge, here you find a summary, with main links.

---

• A very good article to learn how to use this site.
  

• For a general overview of changements and improvements in MT5 plateform, read MetaTrader 5 - More Than You Can Imagine!

• Probably the biggest revolution is in management of trades : Orders, Positions and Deals in MetaTrader 5

• Vidéo : You can now change your stoploss/takeprofit by mouse directly on the chart.

• What is "trading on closed bar" ?

• About Signals : a mini-faq by newdigital, and some interesting information from his experience.
  

• Your first Expert Advisor ? Do you know you can create automated trading without programming ?

• Metaquotes has too his own Cloud network to help optimize your trading strategy. You have also plenty possibilities to backtesting a strategy.

• Vidéo : How to change period (timeframe) of current chart ? MT5 have many more available timeframes. (another method to do it).

• You want to try manual trading, but you don't even an idea how ? A very good system to begin. 

• If you are using Linux, it'is possible to use MT5, but with some limitations.

• Who Is Who in MQL5.community?

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For developpers.

• If you want to begin to programming with MT5, here is good step-by-step guide.

• If you come from MQL4, this article is a must.
  

• A very good and easy to understand article about use of arrays.

• Big news with MT5 is possibility to use OOP (Object Oriented Programming), specially we have now a Standard Library : great feature !
  

Work in progress, stay tuned :-)

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Windows 10 upgrade : what you should know !

Alain Verleyen, 2015.08.10 23:26

Hello All,

I am opening this topic to centralize all information about migrating to Windows 10. No much for now, but important points to be aware anyway.

• All your MT4/MT5 passwords will be lost.

• You will lost 1 activation for your products bought on the Market.

• KB3124200 on Windows 10 professional force to activate your products again.
  

Stay tuned...

P.S : Of course, only information related to MT4/MT5 will be reported here.