Learn how to design a trading system by OBV
This is a new article to continue our series for beginners about how to design a trading system based on some of the popular indicators. We will learn a new indicator that is On Balance Volume (OBV), and we will learn how we can use it and design a trading system based on it.
Econometrics EURUSD One-Step-Ahead Forecast
The article focuses on one-step-ahead forecasting for EURUSD using EViews software and a further evaluation of forecasting results using the programs in EViews. The forecast involves regression models and is evaluated by means of an Expert Advisor developed for MetaTrader 4.
Graphical Interfaces XI: Integrating the Standard Graphics Library (build 16)
A new version of the graphics library for creating scientific charts (the CGraphic class) has been presented recently. This update of the developed library for creating graphical interfaces will introduce a version with a new control for creating charts. Now it is even easier to visualize data of different types.
Recipes for Neuronets
The article is intended for beginners in baking "multi-layered" cakes.
Visual Optimization of Indicator and Signal Profitability
This article is a continuation and development of my previous article "Visual Testing of Profitability of Indicators and Alerts". Having added some interactivity to the parameter changing process and having reworked the study objectives, I have managed to get a new tool that does not only show the prospective trade results based on the signals used but also allows you to immediately get a layout of deals, balance chart and the end result of trading by moving virtual sliders that act as controls for signal parameter values in the main chart.
Graphical Interfaces II: Setting Up the Event Handlers of the Library (Chapter 3)
The previous articles contain the implementation of the classes for creating constituent parts of the main menu. Now, it is time to take a close look at the event handlers in the principle base classes and in the classes of the created controls. We will also pay special attention to managing the state of the chart depending on the location of the mouse cursor.
Multicurrency monitoring of trading signals (Part 3): Introducing search algorithms
In the previous article, we developed the visual part of the application, as well as the basic interaction of GUI elements. This time we are going to add internal logic and the algorithm of trading signal data preparation, as well us the ability to set up signals, to search them and to visualize them in the monitor.
Advantages of MQL5 Signals
Trading Signals service recently introduced in MetaTrader 5 allows traders to copy trading operations of any signals provider. Users can select any signal, subscribe to it and all deals will be copied at their accounts. Signals providers can set their subscription prices and receive a fixed monthly fee from their subscribers.
Multiple Null Bar Re-Count in Some Indicators
The article is concerned with the problem of re-counting of the indicator value in the MetaTrader 4 Client Terminal when the null bar changes. It outlines general idea of how to add to the indicator code some extra program items that allow to restore program code saved before multiple re-counting.
Regression Analysis of the Influence of Macroeconomic Data on Currency Prices Fluctuation
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.
Prices in DoEasy library (part 63): Depth of Market and its abstract request class
In the article, I will start developing the functionality for working with the Depth of Market. I will also create the class of the Depth of Market abstract order object and its descendants.
Calculating mathematical expressions (Part 1). Recursive descent parsers
The article considers the basic principles of mathematical expression parsing and calculation. We will implement recursive descent parsers operating in the interpreter and fast calculation modes, based on a pre-built syntax tree.
Learn how to design a trading system by Parabolic SAR
In this article, we will continue our series about how to design a trading system using the most popular indicators. In this article, we will learn about the Parabolic SAR indicator in detail and how we can design a trading system to be used in MetaTrader 5 using some simple strategies.
Neural networks made easy (Part 6): Experimenting with the neural network learning rate
We have previously considered various types of neural networks along with their implementations. In all cases, the neural networks were trained using the gradient decent method, for which we need to choose a learning rate. In this article, I want to show the importance of a correctly selected rate and its impact on the neural network training, using examples.
Library for easy and quick development of MetaTrader programs (part VII): StopLimit order activation events, preparing the functionality for order and position modification events
In the previous articles, we started creating a large cross-platform library simplifying the development of programs for MetaTrader 5 and MetaTrader 4 platforms. In the sixth part, we trained the library to work with positions on netting accounts. Here we will implement tracking StopLimit orders activation and prepare the functionality to track order and position modification events.
Building a Social Technology Startup, Part I: Tweet Your MetaTrader 5 Signals
Today we will learn how to link an MetaTrader 5 terminal with Twitter so that you can tweet your EAs' trading signals. We are developing a Social Decision Support System in PHP based on a RESTful web service. This idea comes from a particular conception of automatic trading called computer-assisted trading. We want the cognitive abilities of human traders to filter those trading signals which otherwise would be automatically placed on the market by the Expert Advisors.
Learn how to design a trading system by Accelerator Oscillator
A new article from our series about how to create simple trading systems by the most popular technical indicators. We will learn about a new one which is the Accelerator Oscillator indicator and we will learn how to design a trading system using it.
Effective Averaging Algorithms with Minimal Lag: Use in Indicators
The article describes custom averaging functions of higher quality developed by the author: JJMASeries(), JurXSeries(), JLiteSeries(), ParMASeries(), LRMASeries(), T3Series(). The article also deals with application of the above functions in indicators. The author introduces a rich indicators library based on the use of these functions.
Pair trading
In this article, we will consider pair trading, namely what its principles are and if there are any prospects for its practical application. We will also try to create a pair trading strategy.
Optimization. A Few Simple Ideas
The optimization process can require significant resources of your computer or even of the MQL5 Cloud Network test agents. This article comprises some simple ideas that I use for work facilitation and improvement of the MetaTrader 5 Strategy Tester. I got these ideas from the documentation, forum and articles.
MQL5 Cookbook - Multi-Currency Expert Advisor and Working with Pending Orders in MQL5
This time we are going to create a multi-currency Expert Advisor with a trading algorithm based on work with the pending orders Buy Stop and Sell Stop. This article considers the following matters: trading in a specified time range, placing/modifying/deleting pending orders, checking if the last position was closed at Take Profit or Stop Loss and control of the deals history for each symbol.
Practical Use of Kohonen Neural Networks in Algorithmic Trading. Part I. Tools
The present article develops the idea of using Kohonen Maps in MetaTrader 5, covered in some previous publications. The improved and enhanced classes provide tools to solve application tasks.
Build Self Optmising Expert Advisors in MQL5
Build expert advisors that look forward and adjust themselves to any market.
Learn how to design a trading system by Williams PR
A new article in our series about learning how to design a trading system by the most popular technical indicators by MQL5 to be used in the MetaTrader 5. In this article, we will learn how to design a trading system by the Williams' %R indicator.
Construction of Fractal Lines
The article describes construction of fractal lines of various types using trend lines and fractals.
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.
Interaction between MetaTrader 4 and Matlab via DDE
Step-by-step instructions of how to organize data transfer from Matlab to MetaTrader 4 using DDE.
Fallacies, Part 1: Money Management is Secondary and Not Very Important
The first demonstration of testing results of a strategy based on 0.1 lot is becoming a standard de facto in the Forum. Having received "not so bad" from professionals, a beginner sees that "0.1" testing brings rather modest results and decides to introduce an aggressive money management thinking that positive mathematic expectation automatically provides positive results. Let's see what results can be achieved. Together with that we will try to construct several artificial balance graphs that are very instructive.
MetaTrader AppStore Results for Q3 2013
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.
Timeseries in DoEasy library (part 46): Multi-period multi-symbol indicator buffers
In this article, I am going to improve the classes of indicator buffer objects to work in the multi-symbol mode. This will pave the way for creating multi-symbol multi-period indicators in custom programs. I will add the missing functionality to the calculated buffer objects allowing us to create multi-symbol multi-period standard indicators.
Custom Graphical Controls. Part 2. Control Library
The second article of the "Custom Graphical Controls" series introduces a control library for handling the main problems arising in interaction between a program (Expert Advisor, script, indicator) and a user. The library contains a great number of classes (CInputBox, CSpinInputBox, CCheckBox, CRadioGroup, CVSсrollBar, CHSсrollBar, CList, CListMS, CComBox, CHMenu, CVMenu, CHProgress, CDialer, CDialerInputBox, CTable) and examples of their use.
How To Implement Your Own Optimization Criteria
In this article an example of optimization by profit/drawdown criterion with results returned into a file is developed for a standard Expert Advisor - Moving Average.
Creating an EA that works automatically (Part 11): Automation (III)
An automated system will not be successful without proper security. However, security will not be ensured without a good understanding of certain things. In this article, we will explore why achieving maximum security in automated systems is such a challenge.
A Pattern Trailing Stop and Exit the Market
Developers of order modification/closing algorithms suffer from an imperishable woe - how to compare results obtained by different methods? The mechanism of checking is well known - it is Strategy Tester. But how to make an EA to work equally for opening/closing orders? The article describes a tool that provides strong repetition of order openings that allows us to maintain a mathematically correct platform to compare the results of different algorithms for trailing stops and for exiting the market.
Alert and Comment for External Indicators
In practical work a trader can face the following situation: it is necessary to get "alert" or a text message on a display (in a chart window) indicating about an appeared signal of an indicator. The article contains an example of displaying information about graphical objects created by an external indicator.
How to Quickly Create an Expert Advisor for Automated Trading Championship 2010
In order to develop an expert to participate in Automated Trading Championship 2010, let's use a template of ready expert advisor. Even novice MQL5 programmer will be capable of this task, because for your strategies the basic classes, functions, templates are already developed. It's enough to write a minimal amount of code to implement your trading idea.
Graphics in DoEasy library (Part 77): Shadow object class
In this article, I will create a separate class for the shadow object, which is a descendant of the graphical element object, as well as add the ability to fill the object background with a gradient fill.
Using Pseudo-Templates as Alternative to C++ Templates
The article describes a way of programming without using templates but keeping the style of programming iherenet to them. It tells about implementation of templates using custom methods and has a ready-made script attached for creating a code on the basis of specified templates.
How to create a custom indicator (Heiken Ashi) using MQL5
In this article, we will learn how to create a custom indicator using MQL5 based on our preferences, to be used in MetaTrader 5 to help us read charts or to be used in automated Expert Advisors.
Neural networks made easy (Part 5): Multithreaded calculations in OpenCL
We have earlier discussed some types of neural network implementations. In the considered networks, the same operations are repeated for each neuron. A logical further step is to utilize multithreaded computing capabilities provided by modern technology in an effort to speed up the neural network learning process. One of the possible implementations is described in this article.