Is it allowed to trade this symbol on Monday? Is there enough money to open position? How big is the loss if Stop Loss triggers? How to limit the number of pending orders? Was the trade operation executed at the current bar or at the previous one? If a trade robot cannot perform this kind of verifications, then any trade strategy can turn into a losing one. This article shows the examples of verifications that are useful in any Expert Advisor.
The development of trading strategies primarily focuses on searching for patterns for entering and exiting the market, as well as maintaining positions. If we are able to formalize some patterns into rules for automated trading, then the trader faces the question of calculating the volume of positions, the size of the margins, as well as maintaining a safe level of mortgage funds for assuring open positions in an automated mode. In this article we will use the MQL5 language to construct simple examples of conducting these calculations.
Surfing the Internet, it is easy to find many strategies, which will give you a number of various recommendations. Let’s take an insider’s approach and look into the process of strategy creation, based on the differences in timezones on different continents.
This class library can be added to an MetaTrader 5 Expert Advisor to enable it to be written with an order-centric approach broadly similar to MetaTrader 4, in comparison to the position-based approach of MetaTrader 5. It does this by keeping track of virtual orders at the MetaTrader 5 client terminal, while maintaining a protective broker stop for each position for disaster protection.
In this article, we will consider the emission of indicators - a new approach to the market research. The calculation of emission is based on the intersection of different indicators: more and more points with different colors and shapes appear after each tick. They form numerous clusters like nebulae, clouds, tracks, lines, arcs, etc. These shapes help to detect the invisible springs and forces that affect the movement of market prices.
