Discussing the article: "Implementing a Rapid-Fire Trading Strategy Algorithm with Parabolic SAR and Simple Moving Average (SMA) in MQL5"
Hi Allen,
Can this strategy be achieved in MT4
@Qhumanani hello. Yes but it would require conversion. Thank you.
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Check out the new article: Implementing a Rapid-Fire Trading Strategy Algorithm with Parabolic SAR and Simple Moving Average (SMA) in MQL5.
In this article, we develop a Rapid-Fire Trading Expert Advisor in MQL5, leveraging the Parabolic SAR and Simple Moving Average (SMA) indicators to create a responsive trading strategy. We detail the strategy’s implementation, including indicator usage, signal generation, and the testing and optimization process
We need to take a close look at the results from the testing phase, concentrating on vital performance metrics like total net profit, maximum drawdown, and percentage of winning trades. These numbers will tell us how well (and how poorly) our strategy performs and give us some idea of its overall robustness. We'll also want to examine trade reports that the Strategy Tester produces. These reports will allow us to see the sorts of trades our EA is making (or not making) and give us a chance to understand its "reasoning" when it encounters various market conditions. If we're not happy with the results, we'll have to rework the strategy to look for better-performing parameter sets for the SMA and SAR indicators. Or we'll have to dig deeper into the strategy's overall logic to find out why it isn't performing any better than it does.
Author: Allan Munene Mutiiria