Gap - a profitable strategy or 50/50?
The article dwells on gaps — significant differences between a close price of a previous timeframe and an open price of the next one, as well as on forecasting a daily bar direction. Applying the GetOpenFileName function by the system DLL is considered as well.
Modeling time series using custom symbols according to specified distribution laws
The article provides an overview of the terminal's capabilities for creating and working with custom symbols, offers options for simulating a trading history using custom symbols, trend and various chart patterns.
50,000 completed orders in the MQL5.com Freelance service
Members of the official MetaTrader Freelance service have completed more than 50,000 orders as at October 2018. This is the world's largest Freelance site for MQL programmers: more than a thousand developers, dozens of new orders daily and 7 languages localization.
Developing stock indicators featuring volume control through the example of the delta indicator
The article deals with the algorithm of developing stock indicators based on real volumes using the CopyTicks() and CopyTicksRange() functions. Some subtle aspects of developing such indicators, as well as their operation in real time and in the strategy tester are also described.
Universal RSI indicator for working in two directions simultaneously
When developing trading algorithms, we often encounter a problem: how to determine where a trend/flat begins and ends? In this article, we try to create a universal indicator, in which we try to combine signals for different types of strategies. We will try to simplify the process of obtaining trade signals in an expert as much as possible. An example of combining several indicators in one will be given.
14,000 trading robots in the MetaTrader Market
The largest store of ready-made applications for algo-trading now features 13,970 products. This includes 4,800 robots, 6,500 indicators, 2,400 utilities and other solutions. Almost half of the applications (6,000) are available for rent. Also, a quarter of the total number of products (3,800) can be downloaded for free.
How to analyze the trades of the Signal selected in the chart
The trade Signals service develops in leaps and bounds. Trusting our funds to a signal provider, we would like to minimize the risk of losing our deposit. So how to puzzle out in this forest of trade signals? How to find the one that would produce profits? This paper proposes to create a tool for visually analyzing the history of trades on trade signals in a symbol chart.
Developing the oscillator-based ZigZag indicator. Example of executing a requirements specification
The article demonstrates the development of the ZigZag indicator in accordance with one of the sample specifications described in the article "How to prepare Requirements Specification when ordering an indicator". The indicator is built by extreme values defined using an oscillator. There is an ability to use one of five oscillators: WPR, CCI, Chaikin, RSI or Stochastic Oscillator.
ZUP - Universal ZigZag with Pesavento patterns. Search for patterns
The ZUP indicator platform allows searching for multiple known patterns, parameters for which have already been set. These parameters can be edited to suit your requirements. You can also create new patterns using the ZUP graphical interfaces and save their parameters to a file. After that you can quickly check, whether these new patterns can be found on charts.
Synchronizing several same-symbol charts on different timeframes
When making trading decisions, we often have to analyze charts on several timeframes. At the same time, these charts often contain graphical objects. Applying the same objects to all charts is inconvenient. In this article, I propose to automate cloning of objects to be displayed on charts.
How to create Requirements Specification for ordering an indicator
Most often the first step in the development of a trading system is the creation of a technical indicator, which can identify favorable market behavior patterns. A professionally developed indicator can be ordered from the Freelance service. From this article you will learn how to create a proper Requirements Specification, which will help you to obtain the desired indicator faster.
Automatic construction of support and resistance lines
The article deals with automatic construction of support/resistance lines using local tops and bottoms of price charts. The well-known ZigZag indicator is applied to define these extreme values.
The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard
In this article we are going to analyze the NRTR indicator and create a trading system based on this indicator. We are going to develop a module of trading signals that can be used in creating strategies based on a combination of NRTR with additional trend confirmation indicators.
Comparing different types of moving averages in trading
This article deals with seven types of moving averages (MA) and a trading strategy to work with them. We also test and compare various MAs at a single trading strategy and evaluate the efficiency of each moving average compared to others.
A New Approach to Interpreting Classic and Hidden Divergence
The article considers the classic method for divergence construction and provides an additional divergence interpretation method. A trading strategy was developed based on this new interpretation method. This strategy is also described in the article.
Auto search for divergences and convergences
The article considers all kinds of divergence: simple, hidden, extended, triple, quadruple, convergence, as well as divergences of A, B and C classes. A universal indicator for their search and display on the chart is developed.
The Flag Pattern
The article provides the analysis of the following patterns: Flag, Pennant, Wedge, Rectangle, Contracting Triangle, Expanding Triangle. In addition to analyzing their similarities and differences, we will create indicators for detecting these patterns on the chart, as well as a tester indicator for the fast evaluation of their effectiveness.
Naive Bayes classifier for signals of a set of indicators
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.
Developing custom indicators using CCanvas class
The article deals with developing custom graphical indicators using graphical primitives of the CCanvas class.
Forecasting market movements using the Bayesian classification and indicators based on Singular Spectrum Analysis
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.
DiNapoli trading system
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.
An example of an indicator drawing Support and Resistance lines
The article provides an example of how to implement an indicator for drawing support and resistance lines based on formalized conditions. In addition to having a ready-to-use indicator, you will see how simple the indicator creation process is. You will also learn how to formulate conditions for drawing any desired line by changing the indicator code.
Thomas DeMark's Sequential (TD SEQUENTIAL) using artificial intelligence
In this article, I will tell you how to successfully trade by merging a very well-known strategy and a neural network. It will be about the Thomas DeMark's Sequential strategy with the use of an artificial intelligence system. Only the first part of the strategy will be applied, using the Setup and Intersection signals.
ZUP - universal ZigZag with Pesavento patterns. Graphical interface
Over the ten years since the release of the first version of the ZUP platform, it has undergone through multiple changes and improvements. As a result, now we have a unique graphical add-on for MetaTrader 4 allowing you to quickly and conveniently analyze market data. The article describes how to work with the graphical interface of the ZUP indicator platform.
3D Modeling in MQL5
A time series is a dynamic system, in which values of a random variable are received continuously or at successive equally spaced points in time. Transition from 2D to 3D market analysis provides a new look at complex processes and research objects. The article describes visualization methods providing 3D representation of two-dimensional data.
Auto detection of extreme points based on a specified price variation
Automation of trading strategies involving graphical patterns requires the ability to search for extreme points on the charts for further processing and interpretation. Existing tools do not always provide such an ability. The algorithms described in the article allow finding all extreme points on charts. The tools discussed here are equally efficient both during trends and flat movements. The obtained results are not strongly affected by a selected timeframe and are only defined by a specified scale.
Statistical distributions in the form of histograms without indicator buffers and arrays
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.
How to quickly develop and debug a trading strategy in MetaTrader 5
Scalping automatic systems are rightfully regarded the pinnacle of algorithmic trading, but at the same time their code is the most difficult to write. In this article we will show how to build strategies based on analysis of incoming ticks using the built-in debugging tools and visual testing. Developing rules for entry and exit often require years of manual trading. But with the help of MetaTrader 5, you can quickly test any such strategy on real history.
Using text files for storing input parameters of Expert Advisors, indicators and scripts
The article describes the application of text files for storing dynamic objects, arrays and other variables used as properties of Expert Advisors, indicators and scripts. The files serve as a convenient addition to the functionality of standard tools offered by MQL languages.
Thomas DeMark's contribution to technical analysis
The article details TD points and TD lines discovered by Thomas DeMark. Their practical implementation is revealed. In addition to that, a process of writing three indicators and two Expert Advisors using the concepts of Thomas DeMark is demonstrated.
Rope Indicator by Erik Nayman
The article reveals how the "Rope" indicator is created based on "The Small Encyclopedia of Trader" by Erik L. Nayman. This indicator shows the direction of the trend using the calculated values of bulls and bears over a specified period of time. The article also contains principles of creating and calculating indicators along with the examples of codes. Other subjects covered include building an Expert Advisor based on the indicator, and the optimization of external parameters.
Market Theory
A logically complete market theory that would cover all types and varieties of markets for goods and services, micro and macro markets like Forex, hasn't been available until now. This article covers the essence of a new market theory based on the profit analysis, reveals patterns of the current price change and the principle of the mechanism operation that allows the price to find its most optimal value by forming a chain of virtual prices that can develop the controlling influence on the actual price. Mechanisms of formation and change of market trends are also identified here.
MQL5 for beginners: Anti-vandal protection of graphic objects
What should your program do, if graphic control panels have been removed or modified by someone else? In this article we will show you how not to have "ownerless" objects on the chart, and how not to lose control over them in cases of renaming or deleting programmatically created objects after the application is deleted.
Using Layouts and Containers for GUI Controls: The CGrid Class
This article presents an alternative method of GUI creation based on layouts and containers, using one layout manager — the CGrid class. The CGrid class is an auxiliary control that acts as a container for other containers and controls using a grid layout.
Drawing Dial Gauges Using the CCanvas Class
We can find dial gauges in cars and airplanes, in industrial production and everyday life. They are used in all spheres which require quick response to behavior of a controlled value. This article describes the library of dial gauges for MetaTrader 5.
Tips for Purchasing a Product on the Market. Step-By-Step Guide
This step-by-step guide provides tips and tricks for better understanding and searching for a required product. The article makes an attempt to puzzle out different methods of searching for an appropriate product, sorting out unwanted products, determining product efficiency and essentiality for you.
Trading Ideas Based on Prices Direction and Movement Speed
The article provides a review of an idea based on the analysis of prices' movement direction and their speed. We have performed its formalization in the MQL4 language presented as an expert advisor to explore viability of the strategy being under consideration. We also determine the best parameters via check, examination and optimization of an example given in the article.
Third Generation Neural Networks: Deep Networks
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.
Indicator for Constructing a Three Line Break Chart
This article is dedicated to the Three Line Break chart, suggested by Steve Nison in his book "Beyond Candlesticks". The greatest advantage of this chart is that it allows filtering minor fluctuations of a price in relation to the previous movement. We are going to discuss the principle of the chart construction, the code of the indicator and some examples of trading strategies based on it.
Freelance Jobs on MQL5.com - Developer's Favorite Place
Developers of trading robots no longer need to market their services to traders that require Expert Advisors - as now they will find you. Already, thousands of traders place orders to MQL5 freelance developers, and pay for work in on MQL5.com. For 4 years, this service facilitated three thousand traders to pay for more than 10 000 jobs performed. And the activity of traders and developers is constantly growing!