The article analyzes the application of the Bayes' formula for increasing the reliability of trading systems by means of using signals from multiple independent indicators. Theoretical calculations are verified with a simple universal EA, configured to work with arbitrary indicators.
The Graphic.mqh library has been designed to work with graphics in MQL5. The article provides an example of its practical application and explains the idea of sorting. The general concept of sorting is described here since each type of sorting already has at least one separate article, while some of sorting types are objects of detailed studies.
The article considers the ideology and methodology of building a recommendatory system for time-efficient trading by combining the capabilities of forecasting with the singular spectrum analysis (SSA) and important machine learning method on the basis of Bayes' Theorem.
The article describes the Fibo levels-based trading system developed by Joe DiNapoli. The idea behind the system and the main concepts are explained, as well as a simple indicator is provided as an example for more clarity.
With the introduction of hedging, MetaTrader 5 provides an excellent opportunity to trade several Expert Advisors on a single trading account simultaneously. When one strategy is profitable, while the second one is loss-making, the profit graph may hang around zero. In this case, it is useful to build the Balance and Equity graphs for each trading strategy separately.
The article thoroughly explains the idea behind the Hurst exponent, as well as the meaning of its values and the calculation algorithm. A number of financial market segments are analyzed and the method of working with MetaTrader 5 products implementing the fractal analysis is described.
When studying trading logic, visual representation in the form of graphs is of great importance. A number of programming languages popular among the scientific community (such as R and Python) feature the special 'plot' function used for visualization. It allows drawing lines, point distributions and histograms to visualize patterns. In MQL5, you can do the same using the CGraphics class.
The article discusses the possibility of plotting statistical distribution histograms of market conditions with the help of the graphical memory meaning no indicator buffers and arrays are applied. Sample histograms are described in details and the "hidden" functionality of MQL5 graphical objects is shown.
The functions for working with the basic statistical distributions implemented in the R language are considered. Those include the Cauchy, Weibull, normal, log-normal, logistic, exponential, uniform, gamma distributions, the central and noncentral beta, chi-squared, Fisher's F-distribution, Student's t-distribution, as well as the discrete binomial and negative binomial distributions, geometric, hypergeometric and Poisson distributions. There are functions for calculating theoretical moments of distributions, which allow to evaluate the degree of conformity of the real distribution to the modeled one.
Subscribers often search for an appropriate signal by analyzing the total growth on the signal provider's account, which is not a bad idea. However, it is also important to analyze potential risks of a particular trading strategy. In this article we will show a simple and efficient way to evaluate a Trading Signal based on its performance values.
This article covers the main principles set fourth in evolutionary algorithms, their variety and features. We will conduct an experiment with a simple Expert Advisor used as an example to show how our trading system benefits from optimization. We will consider software programs that implement genetic, evolutionary and other types of optimization, and provide examples of application when optimizing a predictor set and parameters of the trading system.
This article describes techniques of operating with Kohonen maps. The subject will be of interest to both market researchers with basic level of programing in MQL4 and MQL5 and experienced programmers that face difficulties with connecting Kohonen maps to their projects.
This article focuses on specifics of choice, preconditioning and evaluation of the input variables (predictors) for use in machine learning models. New approaches and opportunities of deep predictor analysis and their influence on possible overfitting of models will be considered. The overall result of using models largely depends on the result of this stage. We will analyze two packages offering new and original approaches to the selection of predictors.
Fuzzy logic expands our boundaries of mathematical logic and set theory. This article reveals the basic principles of fuzzy logic as well as describes two fuzzy inference systems using Mamdani-type and Sugeno-type models. The examples provided will describe implementation of fuzzy models based on these two systems using the FuzzyNet library for MQL5.
This step-by-step guide is dedicated to the Signals service, examination of trading signals, a 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.
This article describes a new approach to hedging of positions and draws the line in the debates between users of MetaTrader 4 and MetaTrader 5 about this matter. It is a continuation of the first part: "Bi-Directional Trading and Hedging of Positions in MetaTrader 5 Using the HedgeTerminal Panel, Part 1". In the second part, we discuss integration of custom Expert Advisors with HedgeTerminalAPI, which is a special visualization library designed for bi-directional trading in a comfortable software environment providing tools for convenient position management.
This article describes a new approach to hedging of positions and draws the line in the debates between users of MetaTrader 4 and MetaTrader 5 about this matter. The algorithms making such hedging reliable are described in layman's terms and illustrated with simple charts and diagrams. This article is dedicated to the new panel HedgeTerminal, which is essentially a fully featured trading terminal within MetaTrader 5. Using HedgeTerminal and the virtualization of the trade it offers, positions can be managed in the way similar to MetaTrader 4.
This article considers hypothesis - one of the basic ideas of mathematical statistics. Various hypotheses are examined and verified through examples using methods of mathematical statistics. The actual data is generalized using nonparametric methods. The Statistica package and the ported ALGLIB MQL5 numerical analysis library are used for processing data.
This article is dedicated to a new and perspective direction in machine learning - deep learning or, to be precise, deep neural networks. This is a brief review of second generation neural networks, the architecture of their connections and main types, methods and rules of learning and their main disadvantages followed by the history of the third generation neural network development, their main types, peculiarities and training methods. Conducted are practical experiments on building and training a deep neural network initiated by the weights of a stacked autoencoder with real data. All the stages from selecting input data to metric derivation are discussed in detail. The last part of the article contains a software implementation of a deep neural network in an Expert Advisor with a built-in indicator based on MQL4/R.
If specific neural network programs for trading seem expensive and complex or, on the contrary, too simple, try NeuroPro. It is free and contains the optimal set of functionalities for amateurs. This article will tell you how to use it in conjunction with MetaTrader 5.
This article considers using the Rattle package for automatic search of patterns for predicting long and short positions of currency pairs on Forex. This article can be useful both for novice and experienced traders.
This article considers the application of multiple regression analysis to macroeconomic statistics. It also gives an insight into the evaluation of the statistics impact on the currency exchange rate fluctuation based on the example of the currency pair EURUSD. Such evaluation allows automating the fundamental analysis which becomes available to even novice traders.
A short life span of futures contracts complicates their technical analysis. It is difficult to technically analyze short charts. For example, number of bars on the day chart of the UX-9.13 Ukrainian Stock index future is more than 100. Therefore, trader creates synthetic long futures contracts. This article explains how to splice futures contracts with different dates in the MetaTrader 5 terminal.
This article is intended for developers who would be interested in using SQL in their projects. It explains the functionality and advantages of SQLite. The article does not require special knowledge of SQLite functions, yet minimum understanding of SQL would be beneficial.
The new version of the programming language for trading strategy development, MQL [MQL5], provides more powerful and effective features as compared with the previous version [MQL4]. The advantage essentially lies in the object-oriented programming features. This article looks into the possibility of using complex custom data types, such as nodes and lists. It also provides an example of using lists in practical programming in MQL5.
The article introduces a structure for an Expert Advisor that trades multiple symbols and uses several trading systems simultaneously. If you already identified the optimal input parameters for all your EAs and got good backtesting results for each of them separately, ask yourself what results you would get if testing all EAs simultaneously, with all your strategies put together.
MQL5 provides programmers with a very complete set of functions and object-oriented API thanks to which they can do everything they want within the MetaTrader environment. However, Web Technology is an extremely versatile tool nowadays that may come to the rescue in some situations when you need to do something very specific, want to marvel your customers with something different or simply you do not have enough time to master a specific part of MT5 Standard Library. Today's exercise walks you through a practical example about how you can manage your development time at the same time as you also create an amazing tech cocktail.
We continue the series of articles on MQL5 programming. This time we will see how to get results of each optimization pass right during the Expert Advisor parameter optimization. The implementation will be done so as to ensure that if the conditions specified in the external parameters are met, the corresponding pass values will be written to a file. In addition to test values, we will also save the parameters that brought about such results.
Another quarter of the year has passed and we have decided to sum up its results for MetaTrader AppStore - the largest store of trading robots and technical indicators for MetaTrader platforms. More than 500 developers have placed over 1 200 products in the Market by the end of the reported quarter.
Successfully operating for 1.5 years, MQL5 Market has become the largest traders' store of trading strategies and technical indicators. It offers around 800 trading applications provided by 350 developers from around the world. Over 100.000 trading programs have already been purchased and downloaded by traders to their MetaTrader 5 terminals.
Since its founding, the store of trading robots and technical indicators MQL5 Market has already attracted more than 250 developers who have published 580 products. The first quarter of 2013 has turned out to be quite successful for some MQL5 Market sellers who have managed to make handsome profit by selling their products.
Jeremy Scott who is better known under Johnnypasado nickname at MQL5.community became famous offering products in our MQL5 Market service. Jeremy has already made several thousands of dollars in the Market and that is not the limit. We decided to take a closer look at the future millionaire and receive some pieces of advice for MQL5 Market sellers.
Indicator emissions are a little-studied area of market research. Primarily, this is due to the difficulty of analysis that is caused by the processing of very large arrays of time-varying data. Existing graphical analysis is too resource intensive and has therefore triggered the development of a parsimonious algorithm that uses time series of emissions. This article demonstrates how visual (intuitive image) analysis can be replaced with the study of integral characteristics of emissions. It can be of interest to both traders and developers of automated trading systems.
One year has passed since the launch of sales in MQL5 Market. It was a year of hard work, which turned the new service into the largest store of trading robots and technical indicators for MetaTrader 5 platform.
Recently MetaTrader 4 and MetaTrader 5 user received an opportunity to become a Signals Provider and earn additional profit. Now, you can display your trading success on your web site, blog or social network page using the new widgets. The benefits of using widgets are obvious: they increase the Signals Providers' popularity, establish their reputation as successful traders, as well as attract new Subscribers. All traders placing widgets on other web sites can enjoy these benefits.
An algorithm of statistical protection of open positive swap positions from unwanted price movements. This article features a variant of the carry trade protection strategy that allows to compensate for potential risk of the price movement in the direction opposite to that of the open position.
Every trader works using certain statistical calculations, even if being a supporter of fundamental analysis. This article walks you through the fundamentals of statistics, its basic elements and shows the importance of statistics in decision making.
The major problem of applied statistics is the problem of accepting statistical hypotheses. It was long considered impossible to be solved. The situation has changed with the emergence of the eigen-coordinates method. It is a fine and powerful tool for a structural study of a signal allowing to see more than what is possible using methods of modern applied statistics. The article focuses on practical use of this method and sets forth programs in MQL5. It also deals with the problem of function identification using as an example the distribution introduced by Hilhorst and Schehr.
This article serves to familiarize the reader with the empirical mode decomposition (EMD) method. It is the fundamental part of the Hilbert–Huang transform and is intended for analyzing data from nonstationary and nonlinear processes. This article also features a possible software implementation of this method along with a brief consideration of its peculiarities and gives some simple examples of its use.
In this article, I would like to give an example of what a trader's program can be like as well as what results can be achieved in 9 months, having started to learn MQL5 from scratch. This example will also show how multi-functional and informative such a program can be for a trader while taking minimum space on the price chart. And we will be able to see just how colorful, bright and intuitively clear to the user trade information panels can get. As well as many other features...
