Market Condition Evaluation based on standard indicators in Metatrader 5 - page 238

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Metatrader 5 versions of indicators ...

Sergey Golubev, 2017.10.04 16:24

Traders Dynamic Index using standard indicators for Metatrader 5 - read this small thread.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 4): Customizing Display Style For Each Trend Wave

Custom draw styles can enhance the visual appeal of charts, making them more engaging and easier to read. A well-designed chart can improve user experience and reduce eye strain during long trading sessions. By tailoring draw styles to specific needs, traders can create more efficient and effective trading setups. For example, using histograms to represent volume data or lines for moving averages can make it easier to interpret these indicators at a glance. Draw styles like arrows or symbols can be used to mark specific events or signals on the chart, such as buy/sell points, making it easier to spot trading opportunities.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 5): Notification System (Part I)

MetaTrader 5 provides various notification options for informing users about trading events, such as terminal, email, and push notifications. Integrating it with social platforms like Telegram and WhatsApp for signal sharing can be highly beneficial. Configuring notifications in MetaTrader 5 enables you to stay informed about your trading activities regardless of your location. By utilizing the aforementioned notification access methods, you can select the option that best fits your requirements. This guide will walk you through the setup and customization of MetaTrader 5 notifications, including integration with Telegram and other social media platforms. It will focus on configuration details and the initial steps for integration, paving the way for a more in-depth exploration in Part II of this series.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 5): Notification System (Part II)

In the previous article, we briefly introduced the integration process. By splitting it into sub-sections, we aimed to simplify the understanding of the process step by step. A strong foundation is essential, and we hope the groundwork we've laid is solid as we delve deeper into making these integrations function seamlessly, particularly within our Trend Constraint model. Ultimately, our goal is to comfortably receive notifications on both Telegram and WhatsApp by the project's conclusion. This setup will ensure we stay informed of indicators without missing any signals, all while engaging with friends and family on social media. Sharing signals directly on the social platform will be effortless, eliminating the need to switch between applications.

The aim of this article is to guide us through each step comprehensively until we achieve the desired outcomes. With the foundational knowledge acquired in the previous article, everything is now clear. I will elucidate each line of code comprising the integrated program. There are four key components in this project related to telegram integration that need to be kept in mind consistently.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 5): Notification System (Part III)

We have now expanded signal accessibility on our model, making it beneficial for all users. Additionally, we have motivated numerous upcoming developers on how to seamlessly integrate social networks for signals on our well-known MetaTrader 5 trading platform. Let's conclude by delving into WhatsApp integration details. Our goal is to automatically send signals generated by our custom MetaTrader 5 indicators to a WhatsApp number or group. Meta has introduced a new channel feature on WhatsApp, which can help signals reach a wider audience. As stated by Porter Gale in her book, " Your Network Is Your Net Worth," it is crucial to be part of a community to thrive. Through advancements like these, we can impact a large community, especially on popular platforms like Telegram and WhatsApp.

[Sergey Golubev]

Developing an Expert Advisor (EA) based on the Consolidation Range Breakout strategy in MQL5

In this article, we will explore the development of an Expert Advisor (EA) based on the Consolidation Range Breakout strategy using MetaQuotes Language 5 (MQL5), the programming language for MetaTrader 5 (MT5). In the fast-paced world of financial trading, strategies that capitalize on market patterns and behaviors are crucial for success, and one such strategy is the Consolidation Range Breakout, which focuses on identifying periods of market consolidation and trading the subsequent breakouts. This strategy is particularly effective in capturing significant price movements that follow a period of low volatility.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

All about Calendar tab and Macro Economic Events.

Sergey Golubev, 2024.07.22 18:44

Combine Fundamental And Technical Analysis Strategies in MQL5 For Beginners

Fundamental analysis and trend-following strategies are often seen as opposing approaches. Many traders who favor fundamental analysis believe that technical analysis is a waste of time because all necessary information is already reflected in the price. Conversely, technical analysts often view fundamental analysis as flawed because identical patterns, like a head and shoulders, can lead to different outcomes in the same market.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 7): Refining our model for EA development

Let's discuss this further in the next sections of the article. By the end of this discussion, we aim to focus on:

1. Understanding the importance of risk management in algorithm trading.
2. Implementing risk-reward ratios and their mathematical foundations.
3. Developing dynamic exit strategies for optimal trade management.
4. Enhancing visual indicators for better trade decision-making.
5. Testing and validating the indicator for real-world application.

[Sergey Golubev]

Building a Candlestick Trend Constraint Model (Part 8): Expert Advisor Development (I)

MetaEditor software includes a compiler that effectively manages errors detected during profiling attempts. This tool helped me uncover why the previous version failed to display the risk-reward rectangles as intended. Although the program compiled successfully, the issue was not with the code itself. Instead, the challenge lay in the fact that nothing was displayed within the range of the look back candlesticks, primarily due to specific technicalities.

After briefly discussing how we resolved the issues encountered, we'll move on to the main goal of this article: developing an Expert Advisor based on the refined Trend Constraint Indicator.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 8): Expert Advisor Development (II)

In our previous article, we explored creating an expert advisor (EA) using the Trend Constraint V1.09 indicator, complemented by the manually executed Trend Constraint R-R script for placing risk and reward rectangles. While this setup provided insightful trading signals and enhanced visualization, it required manual intervention that could be streamlined. With the fast-paced nature of trading environments, the need for a more efficient solution becomes apparent. Many traders seek integrated systems that function autonomously, reducing the need for constant supervision and manual execution.

This article takes the next step in our series by guiding you through the development of an independent expert advisor (EA) that not only incorporates the trend analysis capabilities of Trend Constraint V1.09, but also integrates risk-reward functionalities directly into the EA. Our goal is to empower traders with an all-in-one solution using MQL5 on the MetaTrader 5 platform, offering enhanced automation and seamless operation to keep pace with market demands.