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Bid/Ask spread analysis in MetaTrader 5
Bid/Ask spread analysis in MetaTrader 5
An indicator to report your brokers Bid/Ask spread levels. Now we can use MT5s tick data to analyze what the historic true average Bid/Ask spread actually have recently been. You shouldn't need to look at the current spread because that is available if you show both bid and ask price lines.
An Analysis of Why Expert Advisors Fail
An Analysis of Why Expert Advisors Fail
This article presents an analysis of currency data to better understand why expert advisors can have good performance in some regions of time and poor performance in other regions of time.
Neural networks made easy (Part 19): Association rules using MQL5
Neural networks made easy (Part 19): Association rules using MQL5
We continue considering association rules. In the previous article, we have discussed theoretical aspect of this type of problem. In this article, I will show the implementation of the FP Growth method using MQL5. We will also test the implemented solution using real data.
The price movement model and its main provisions (Part 1): The simplest model version and its applications
The price movement model and its main provisions (Part 1): The simplest model version and its applications
The article provides the foundations of a mathematically rigorous price movement and market functioning theory. Up to the present, we have not had any mathematically rigorous price movement theory. Instead, we have had to deal with experience-based assumptions stating that the price moves in a certain way after a certain pattern. Of course, these assumptions have been supported neither by statistics, nor by theory.
Neural networks made easy (Part 18): Association rules
Neural networks made easy (Part 18): Association rules
As a continuation of this series of articles, let's consider another type of problems within unsupervised learning methods: mining association rules. This problem type was first used in retail, namely supermarkets, to analyze market baskets. In this article, we will talk about the applicability of such algorithms in trading.
Indicators with on-chart interactive controls
Indicators with on-chart interactive controls
The article offers a new perspective on indicator interfaces. I am going to focus on convenience. Having tried dozens of different trading strategies over the years, as well as having tested hundreds of different indicators, I have come to some conclusions I want to share with you in this article.
Automated grid trading using limit orders on Moscow Exchange (MOEX)
Automated grid trading using limit orders on Moscow Exchange (MOEX)
The article considers the development of an MQL5 Expert Advisor (EA) for MetaTrader 5 aimed at working on MOEX. The EA is to follow a grid strategy while trading on MOEX using MetaTrader 5 terminal. The EA involves closing positions by stop loss and take profit, as well as removing pending orders in case of certain market conditions.
Video: How to setup MetaTrader 5 and MQL5 for simple automated trading
Video: How to setup MetaTrader 5 and MQL5 for simple automated trading
In this little video course you will learn how to download, install and setup MetaTrader 5 for Automated Trading. You will also learn how to adjust the chart settings and the options for automated trading. You will do your first backtest and by the end of this course you will know how to import an Expert Advisor that can automatically trade 24/7 while you don't have to sit in front of your screen.
Learn how to design a trading system by ADX
Learn how to design a trading system by ADX
In this article, we will continue our series about designing a trading system using the most popular indicators and we will talk about the average directional index (ADX) indicator. We will learn this indicator in detail to understand it well and we will learn how we to use it through a simple strategy. By learning something deeply we can get more insights and we can use it better.
Learn how to design a trading system by Stochastic
Learn how to design a trading system by Stochastic
In this article, we continue our learning series — this time we will learn how to design a trading system using one of the most popular and useful indicators, which is the Stochastic Oscillator indicator, to build a new block in our knowledge of basics.
Learn how to design a trading system by MACD
Learn how to design a trading system by MACD
In this article, we will learn a new tool from our series: we will learn how to design a trading system based on one of the most popular technical indicators Moving Average Convergence Divergence (MACD).
Developing a trading Expert Advisor from scratch (Part 12): Times and Trade (I)
Developing a trading Expert Advisor from scratch (Part 12): Times and Trade (I)
Today we will create Times & Trade with fast interpretation to read the order flow. It is the first part in which we will build the system. In the next article, we will complete the system with the missing information. To implement this new functionality, we will need to add several new things to the code of our Expert Advisor.
Video: Simple automated trading – How to create a simple Expert Advisor with MQL5
Video: Simple automated trading – How to create a simple Expert Advisor with MQL5
The majority of students in my courses felt that MQL5 was really difficult to understand. In addition to this, they were searching for a straightforward method to automate a few processes. Find out how to begin working with MQL5 right now by reading the information contained in this article. Even if you have never done any form of programming before. And even in the event that you are unable to comprehend the previous illustrations that you have observed.
The Prototype of a Trading Robot
The Prototype of a Trading Robot
This article summarizes and systematizes the principles of creating algorithms and elements of trading systems. The article considers designing of expert algorithm. As an example the CExpertAdvisor class is considered, which can be used for quick and easy development of trading systems.
Creating Information Boards Using Standard Library Classes and Google Chart API
Creating Information Boards Using Standard Library Classes and Google Chart API
The MQL5 programming language primarily targets the creation of automated trading systems and complex instruments of technical analyses. But aside from this, it allows us to create interesting information systems for tracking market situations, and provides a return connection with the trader. The article describes the MQL5 Standard Library components, and shows examples of their use in practice for reaching these objectives. It also demonstrates an example of using Google Chart API for the creation of charts.
Quick Start: Short Guide for Beginners
Quick Start: Short Guide for Beginners
Hello dear reader! In this article, I will try to explain and show you how you can easily and quickly get the hang of the principles of creating Expert Advisors, working with indicators, etc. It is beginner-oriented and will not feature any difficult or abstruse examples.
How to master Machine Learning
How to master Machine Learning
Check out this selection of useful materials which can assist traders in improving their algorithmic trading knowledge. The era of simple algorithms is passing, and it is becoming harder to succeed without the use of Machine Learning techniques and Neural Networks.
Learn how to design a trading system by CCI
Learn how to design a trading system by CCI
In this new article from our series for learning how to design trading systems, I will present the Commodities Channel Index (CCI), explain its specifics, and share with you how to create a trading system based on this indicator.
Learn how to design a trading system by Bollinger Bands
Learn how to design a trading system by Bollinger Bands
In this article, we will learn about Bollinger Bands which is one of the most popular indicators in the trading world. We will consider technical analysis and see how to design an algorithmic trading system based on the Bollinger Bands indicator.
Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
This is one of the most powerful indicators currently existing. Anyone who trades trying to have a certain degree of confidence must have this indicator on their chart. Most often the indicator is used by those who prefer “tape reading” while trading. Also, this indicator can be utilized by those who use only Price Action while trading.
Learn how to design a trading system by RSI
Learn how to design a trading system by RSI
In this article, I will share with you one of the most popular and commonly used indicators in the world of trading which is RSI. You will learn how to design a trading system using this indicator.