Niclas Hummel
Niclas Hummel
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5+ years
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Niclas Hummel
Published code Bracket Order with Correlation Adjusted Position Size
The scripts in this package are made for easy-to-use bracketorder execution, that automatically calculates lotsize depending on the risk you want to take.
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Niclas Hummel Published product

The Absolute Strength (AS) is intended to chart the current and historical gain or loss of an underlying based on the closing prices of a recent trading period. It is based on mathematical  decorrelation. It shows absolute strength momentum. This indicator is not measured on a scale like Relative Strength (RSI). Shorter or longer timeframes are used for alternately shorter or longer outlooks. Extreme high and low percentage values occur less frequently but indicate stronger momentum of the

Niclas Hummel Published product

VWAP = Volume Weighted Average Price The concept of VWAP is not equal to a normal Moving Average. The VWAP starts always with zero at the beginning of a new day and successively forms an average to the traded volume relative to price. Professional trading firms and institutions use VWAP for a measure of the real weighted trend of an underlying. With the addition of the standard deviation you can spot support and resist at the outer boundaries

Niclas Hummel
Niclas Hummel
Are trading algorithms in MT4 a good thing? How to not get deceived by their shiny backtests. Read more...

https://niclashummel.com/are-expert-advisors-a-good-investment/
Niclas Hummel
Added topic Strg + Mouseclick refining
Hello Community, I have recently developed an EA that can set all Stoplosses for all Trades on a Symbol on the position where the mouse cursor is while holding Ctrl-key. It works, but the thing is that I have to press the left mousebutton twice in
Niclas Hummel
Added topic Custom Start for indicator calculation
Hello mql4 Community, Recently I stumbled accross a problem which I can't seem to solve by my own, neither have I found any solution in this forum and I'm really not an expert in setting up indicators in mql4... The issue may be trivial: I want to
Niclas Hummel
Added topic EventSetTimer Question
Hello, I've searched the forum and google but I couldn't find an answer to my problem. I want to know if it is possible to call the EventSetTimer() function outside of OnInit() because I want my expert advisor to start the timer after a condition in
Niclas Hummel
Added topic Identify Order
Hello, so my idea is to make an EA that can seperete between what I call "Superorders" and just "Orders". First, the EA is looking for an entry on a D1 basis and after the criterias are met it places the trade. Now the EA looks for an opportunity on
Niclas Hummel
Added topic Trailing stop only works with OrderSelect Error
Hello this is my first post. I've been passively reading these forums for 3 month now.... :) But this problem I just can't fix alone and it drives me insane ... ^^ My Expert Advisor should set Trailingstops according to calculated Fibonachi levels
Niclas Hummel
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