I tried the code snippet for "reducing risk related to high volatility at the moment of a market entry" in my own EA, and noticed that zero trades were being taken. Only then I remembered that my expert advisor was a break-out strategy, so this could never be a good match. In any case this article is full of innovative ideas and proves the author has a lot of hands-on trading experience. It made it to my all-time top ten list of Metatrader articles.
Good ideas, but the EA cannot work because these condition will almost never be true at the same time :
//Simulate the case when local resistance levels are broken by the current price: Bid > High[1] && //on М1 (smaller scale) Bid > H_prev_m15 && //on М15 (larger scale)
ffoorr:
Good ideas, but the EA cannot work because these condition will almost never be true at the same time :
These conditions are easily implemented for a trend strategy.
Merrygoround:
I tried the code snippet for "reducing risk related to high volatility at the moment of a market entry" in my own EA, and noticed that zero trades were being taken. Only then I remembered that my expert advisor was a break-out strategy, so this could never be a good match. In any case this article is full of innovative ideas and proves the author has a lot of hands-on trading experience. It made it to my all-time top ten list of Metatrader articles.
I tried the code snippet for "reducing risk related to high volatility at the moment of a market entry" in my own EA, and noticed that zero trades were being taken. Only then I remembered that my expert advisor was a break-out strategy, so this could never be a good match. In any case this article is full of innovative ideas and proves the author has a lot of hands-on trading experience. It made it to my all-time top ten list of Metatrader articles.
Thank you for the positive evaluation of my article.
Aleksandr Masterskikh:
These conditions are easily implemented for a trend strategy.
Yes you are right, i made an error asserting this.
But there is too many conditions : 39 conditions are linked with an "&&".
These conditions cannot be true at the same time => the EA do not open any
order.
But I understand the idea which is good,
Any trader has to look for that kind of idea
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
New article How to reduce trader's risks has been published:
Trading in financial markets is associated with a whole range of risks that should be taken into account in the algorithms of trading systems. Reducing such risks is the most important task to make a profit when trading.
One of the dangerous forms of a local trend reversal are the crashes and spikes with a large amplitude in a short time. The jump of one currency in a pair always means a collapse of another. It is especially dangerous if there is an open position and the direction of the collapse is unfavorable to it. In this case, a small deposit may be completely lost.
The essence of the problem
As a result, the market participants suffer huge losses. For example, on May 6, 2010, the Dow Jones index fell by 1000 points in 6 minutes, while, according to expert estimates, the market lost about a trillion dollars.
The more recent example (Fig. 6) is Brexit, which provoked the collapse of GBPUSD on June 24, 2016 by 560 points at once. 473 points from them were lost in one minute:
Fig. 6. GBPUSD price collapse on June 24, 2016
Author: Aleksandr Masterskikh