Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2013.02.20 16:24
Some usefull links, and for now - about the signals:
PriceChannel Parabolic system
Sergey Golubev, 2013.03.22 14:04
PriceChannel Parabolic system
PriceChannel Parabolic system basic edition
Latest version of the system with latest EAs to download
How to trade
The settingas for EAs: optimization and backtesting
GoMarkets broker, initial deposit is 1,000
Alpari UK broker initial deposit is 1,000
RoboForex broker initial deposit is 1,000
Sergey Golubev, 2013.09.20 08:21
Sergey Golubev, 2014.05.07 18:18
There is good article concerning to fundamental trading (for creation of the EAs related to News Trading) :
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
Libraries: The Moving Average Class
Sergey Golubev, 2014.05.01 09:53
Three Ways to Trade with Moving Averages
Indicators can be tricky tools. Knowing which ones to use and how to use
them can be complicated enough; but finding out how to properly employ
an entire strategy in the right market environment can be the most
difficult question for traders to address.
The Moving Average is simply the last x period’s closing prices added
together, and divided by the number of observed periods (x). And it’s in
its simplicity lies its beauty. When prices are trending higher, the
moving average will reflect this by also moving higher. And when prices
are trending lower, these new lower prices will begin to be factored
into the moving average and it too will begin moving lower.
While this averaging effect brings on an element of lag, it also allows
the trader an ideal way of categorizing trends and trending conditions.
In this article, we’re going to discuss three different ways this
utilitarian indicator can be employed by the trader.
As a Trend-Filter
Because the moving average does such a great job of identifying the
trend, it can be readily used to offer traders a trend-side bias in
their strategies. So if price action is above a moving average, only
long positions are looked at while price action below the moving average
mandates that only short positions are taken.
For this trend-filtering effect, longer-term moving averages generally
work better as faster-period settings may be too active for the desired
filtering effect. The 200 Day Moving Average is a common example, which
is simply the last 200 day’s closing prices added together and divided
After a bias has been obtained and traders know which direction they
want to look to trade in a market, positions can be triggered in a
variety of ways. An oscillator such as RSI or CCI can help traders catch
retracements by identifying short-term overbought or oversold
In the picture below, we show an example of a CCI (Commodity Channel
Index) Entry with the 200 day moving average as a trend filter.
As a trigger to initiate positions
Taking the idea of strategy development a step further, the logic of the
moving average can also be used to actually open new positions.
After all, if price action is showing a trending state just by residing
above a moving average, doesn’t logic dictate that the very action of
crossing that moving average can have trending connotations as well?
So traders can also use the price/moving average crossover as a trigger into new positions, as shown below.
The Moving Average can also be used to initiate positions in the direction of the trend
The downside to the moving average trigger is that choppy or trend-less
markets can invite sloppy entries as congested prices meander back and
forth around a specific MA. So it’s highly suggested to avoid using a
moving average trigger in isolation without any other filters or
limitations. Doing so could mean massive losses if markets congest or
range for prolonged periods of time.
As a Crossover Trigger
The third and final way that moving averages can be implemented is with
the moving average crossover. This is an extremely common way of
triggering trades, but has the undesired impact of being especially
‘laggy’ by introducing two different lagging indicators rather than just
one (as is the case of using the MA as a filter or a trigger
Common examples of moving average crossovers are the 20 and 50 period
crossovers, the 20 and 100 period crossover, the 20 and 200 period
crossover, and the 50 and 200 period crossover (commonly called ‘the
death cross’ when the 50 goes below the 200, or the ‘golden cross’ when
the 50 goes above the 200).
The 50 Day/200 Day Moving Average Crossover :
This can be taken a step further with multiple time frame analysis.
Traders can look to a longer-term chart to use a moving average filter
as we had outlined in the (1) part of this article, and then the
crossover can be used as a trigger in the direction of the trend on the
shorter time frame.
While no indicator is going to be perfect, these three methods show the
utility that can be brought to the table with the moving average, and
how easily traders can use this versatile tool to trigger trades ahead
and in front of very large, outsized moves in the market.
Good article: Tips for Selecting a Trading Signal to Subscribe. Step-By-Step Guide
"Trading on financial markets is a pretty large sphere which involves a
lot of people and a lot of valuable assets. Successful trading in your
preferred market sector requires its deep analysis, further development
of your own trading system and, of course, acquisition of steel hard
discipline and composure. Some people do not have time for this, but
they have an aspiration to make their financial means work and provide a
benefit. The Signals
service of the MQL5.com site helps to solve this problem. This article
is dedicated to the system approach to the search of a required signal
which would satisfy criteria of profitability, risk, trading ambitions,
working on various types of accounts and financial instruments."
Sergey Golubev, 2013.02.15 16:50
Just found good article about us - Who Is Who in MQL5.community?
Just good new article: Identifying Trade Setups by Support, Resistance and Price Action
This article covers a trading methodology
that can be used in any Forex, stock, or commodity market, as well as
MQL4 code examples that can be used in an Expert Advisor based on this
Price action and the determination of
support and resistance levels are the key components of the system.
Market entry is entirely based on those two components. Reference price
levels will be explained along with effective ways of choosing them. The
MQL4 examples include parameters for minimizing risk. This is done by
keeping market exit references and stops relatively close to the entry
There is an additional benefit of
allowing higher volume trades, regardless of account size. Lastly,
options for determining profit targets are discussed, accompanied by
MQL4 code that enables profitable market exit during a variety of
All (not yet) about Strategy Tester, Optimization and Cloud
Alain Verleyen, 2013.08.20 19:47
A must ! Before using it or asking any question : please read the Online Help (Also accessible by F1 on your MT5 platform)
As noted by erdah, SendNotification, SendMail, SendFTP don't work in Strategy Tester (of course).IndicatorParameters() doesn't work in StrategyTester.OnChartEvent() in Strategy Tester.
Running optimization from command line : https://www.mql5.com/en/forum/13468
Announce of the launch : MQL5 Cloud Network launched.
Some useful topic about usage of the Cloud :
New Error message : endless loop detected in OnInit function
As Providers (agents)
Work in progress, stay tuned !