Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo
Hard to interpret Ichimoku signals? This article introduces some principles of formalizing values and signals of Ichimoku Kinko Hyo. For visualization of its usage the author chose the currency pair EURUSD based on his own preferences. However, the indicator can be used on any currency pair.
Pivot Points Helping to Define Market Trends
Pivot point is a line in the price chart that shows the further trend of a currency pair. If the price is above this line, it tends to grow. If the price is below this line, accordingly, it tends to fall.
Research of Statistical Recurrences of Candle Directions
Is it possible to predict the behavior of the market for a short upcoming interval of time, based on the recurring tendencies of candle directions, at specific times throughout the day? That is, If such an occurrence is found in the first place. This question has probably arisen in the mind of every trader. The purpose of this article is to attempt to predict the behavior of the market, based on the statistical recurrences of candle directions during specific intervals of time.
On the Long Way to Be a Successful Trader - The Two Very First Steps
The main point of this article is to show a practical way to implement an effective MM. This can be achieved only by using a certain kind of strategies that we need to identify and describe first. In the following we’ll cover the basic concepts of how to build such a strategy and we’ll point out the common mistakes which always end up in draining a trader’s account.
Changing the External Parameters of MQL4 Programs without Restarting
The article describes a method of changing the external parameters of MQL4 programs on-the-fly, without restarting.
Free-of-Holes Charts
The article deals with realization of charts without skipped bars.
Contest of Expert Advisors inside an Expert Advisor
Using virtual trading, you can create an adaptive Expert Advisor, which will turn on and off trades at the real market. Combine several strategies in a single Expert Advisor! Your multisystem Expert Advisor will automatically choose a trade strategy, which is the best to trade with at the real market, on the basis of profitability of virtual trades. This kind of approach allows decreasing drawdown and increasing profitability of your work at the market. Experiment and share your results with others! I think many people will be interested to know about your portfolio of strategies.
How Reliable is Night Trading?
The article covers the peculiarities of night flat trading on cross currency pairs. It explains where you can expect profits and why great losses are not unlikely. The article also features an example of the Expert Advisor developed for night trading and talks about the practical application of this strategy.
HTML Walkthrough Using MQL4
HTML is nowadays one of the wide-spread types of documents. MetaTrader 4 Client Terminal allows you to save statements, test and optimization reports as .htm files. It is sometimes necessary to get information from such files in an MQL4 program. The article describes one of variations of how to get the tag structure and contents from HTML.
Equivolume Charting Revisited
The article dwells on the method of constructing charts, at which each bar consists of the equal number of ticks.
Checking the Myth: The Whole Day Trading Depends on How the Asian Session Is Traded
In this article we will check the well-known statement that "The whole day trading depends on how the Asian session is traded".
Lite_EXPERT2.mqh: Expert Advisor Implementation Examples
In this article, the author continues to familiarize the readers with the Lite_EXPERT2.mqh functions using real Expert Advisor implementation examples. The article deals with the idea of using floating pending orders and pending orders that vary dynamically from deal to deal which are determined based on Average True Range (ATR) indicator values.
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.
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.
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.
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.
Construction of Fractal Lines
The article describes construction of fractal lines of various types using trend lines and fractals.
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.
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.
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.
Alert and Comment for External Indicators (Part Two)
Since I published the article "Alert and Comment for External Indicators", I have been receiving requests and questions regarding the possibility of developing an external informer operating based on indicator lines. Having analyzed the questions, I have decided to continue with the subject. Getting data stored in indicator buffers turned out to be another area of interest to users.
EA Status SMS Notifications
Developing a system of SMS notifications that informs you of the status of your EA so that you are always aware of any critical situation, wherever you may be.
Transferring an Indicator Code into an Expert Advisor Code. Conclusion
This is the final article, devoted to transferring an indicator code into an Expert Advisor code. Here the author transforms on a certain example a code of an Expert Advisor so, that this EA is presented in a single file without calling custom indicators.
How to Write Fast Non-Redrawing ZigZags
A rather universal approach to writing indicators of the ZigZag type is proposed. The method includes a significant part of ZigZags already described and allows you to create new ones relatively easily.
MetaTrader 4 Working under Antiviruses and Firewalls
The most of traders use special programs to protect their PCs. Unfortunately, these programs don't only protect computers against intrusions, viruses and Trojans, but also consume a significant amount of resources. This relates to network traffic, first of all, which is wholly controlled by various intelligent antiviruses and firewalls.
The reason for writing this article was that traders complained of slowed MetaTrader 4 Client Terminal when working with Outpost Firewall. We decided to make our own research using Kaspersky Antivirus 6.0 and Outpost Firewall Pro 4.0.
How to Make the Detection and Recovery of Errors in an Expert Advisor Code Easier
In Export Advisors development, the questions of code errors detection and recovery are very important. The peculiarity is that a not detected in time error may ruin a precious idea of a trading system already on the stage of its first testings. That is why any sensible EA developer takes into account such problems from the very beginning. This article dwells on some approaches, helping in this difficult matter.
Show Must Go On, or Once Again about ZigZag
About an obvious but still substandard method of ZigZag composition, and what it results in: the Multiframe Fractal ZigZag indicator that represents ZigZags built on three larger ons, on a single working timeframe (TF). In their turn, those larger TFs may be non-standard, too, and range from M5 to MN1.
LibMatrix: Library of Matrix Algebra (Part One)
The author familiarizes the readers with a simple library of matrix algebra and provides descriptions and peculiarities of the main functions.
How to Develop a Reliable and Safe Trade Robot in MQL 4
The article deals with the most common errors that occur in developing and using of an Expert Advisor. An exemplary safe automated trading system is described, as well.
Expert Advisors Based on Popular Trading Systems and Alchemy of Trading Robot Optimization (Part II)
In this article the author continues to analyze implementation algorithms of simplest trading systems and describes some relevant details of using optimization results. The article will be useful for beginning traders and EA writers.
MQL4 Language for Newbies. Difficult Questions in Simple Phrases.
This is the second article from the series "MQL4 Language for Newbies". Now we will examine more complex and advanced constructions of the language, learn new options and see, how they can be applied in everyday practice. You will get acquainted with a new cycle type 'while', new condition type 'switch', operators 'break' and 'continue'. Besides you will learn to write your own functions and work with multidimensional arrays. And for a dessert I have prepared an explanation about a preprocessor.
Running MetaTrader 4 Client Terminal on Linux-Desktop
Description of a step-by-step Linux-desktop setup using a non-emulator wine for running MetaTrader 4 Client Terminal on it.
Drawing Horizontal Break-Through Levels Using Fractals
The article describes creation of an indicator that would display the support/resistance levels using up/down fractals.
What Is a Martingale?
A short description of various illusions that come up when people trade using martingale betting strategies or misuse spiking and the like approaches.
Principles of Time Transformation in Intraday Trading
This article contains the concept of operation time that allows to receive more even price flow. It also contains the code of the changed moving average with an allowance for this time transformation.
MetaEditor:Templates as a Spot to Stand On
It may be news to many our readers that all preparations for writing an EA can be performed once and then used continuously.
Lite_EXPERT2.mqh: Functional Kit for Developers of Expert Advisors
This article continues the series of articles "Expert Advisors Based on Popular Trading Systems and Alchemy of Trading Robot Optimization". It familiarizes the readers with a more universal function library of the Lite_EXPERT2.mqh file.