Automated Trading
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Every trader knows that the MetaTrader 4 trading platform is periodically updated. Of course, there are positive moments in it, but today let's talk about the disadvantages of such updates. With each new version, MetatTrader 4 becomes heavier and more demanding to computer resources. And if a trader uses the built-in strategy tester for testing indicators and trading Expert Advisors, the "weight" of MT4 can reach 10 GB or more. The high demand for PC resources creates a problem for traders who use VPS servers for testing Expert Advisors, reducing the number of terminals available for installation on a server. All these problems lead to the fact that the trading terminal often hangs and slows down, taking up hard...
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Sooner or later any trader comes to the idea of using Expert Advisors. By typing "trading advisor" into the search engine bar a trader receives an unimaginable number of links to resources offering trading robots. The classification of Expert Advisors is quite extensive: scalpers, martingale, grid traders, trend traders and so on. We will divide all existing Advisors on the Internet into categories of absolutely different plan: free, licensed and pirated (hacked) robots. With free Expert Advisors, everything is more or less clear: they have either worked out long ago, or their further development stopped for some reason. So let's consider the advantages and disadvantages of using the last two categories: paid licensed and cracked Expert Advisors. Why traders prefer pirate EAs? These days...
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Having "suffered" from free -advisors and technical indicators promising a profit of hundreds and thousands of dollars by the next Monday, the beginning trader usually returns to the sinful earth and understands that technical tools are just helpers which make trading on the currency market easier and more comfortable. We have already mentioned a lot of them without mentioning only the scripts widely used by experienced traders and undeservedly neglected by the majority of novice traders. What is a script and how does it differ from an Expert Advisor? A script is a program (a utility) written in the MQL programming language whose function is the execution of a certain action once. A script can perform an informational, analytical or trading operation. For example, providing information...
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In issue 90 of ForTrader.org we continue learning how to analyze EA monitoring on myfxbook. You can find and read the beginning of the article here. Unbiased approach to analysis It is worth noting right away that it is futile and unnecessary to tell you about all the items available in the tabs of EA monitoring on myfxbook. Some tabs, such as "Profitability distribution by months" do not need an explanation, and some other tabs are not meaningful at all, for example "Risks of the deposit". The main task for us is to clarify the basic properties of the strategy inherent in the algorithm of the Expert Advisor. Everything in trading is relative: there are many ways to make money, and even more ways to lose it. That is why we will...
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Using myfxbook Expert Advisor monitoring when trading on these days is considered good form. It is used by every self-respecting seller of advisors, PAMM-account manager, trader, demonstrating the results of his trade to attract investors. However, the analysis of monitoring service myfxbook causes a number of difficulties for many traders, especially beginners, whose eyes from an abundance of information are lost and they see nothing but going upward curve of balance. So, how to correctly read the trading monitoring using the myfxbook service? Let's consider an example of monitoring robots. Characteristics of a trading account Reading the monitoring of myfxbook Expert Advisors starts from the beginning, that is from the top. Pay attention to the following indicators: Real - the account type. Service myfxbook.
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A trader's best friend is a personal expert and Autochartist. It hardly occurred to anyone to count the percentage of successful recommendations from the expert of a brokerage company, but the results of the automatic assistant are known with certainty: success is achievable in 70-80% cases. How does Autochartist work? Autochartist automatically recognizes figures in real time and advises traders of the best moment to enter the market. The automated automated forex trading system "sees" patterns such as: descending/rising channel (broken line), opening/closing channel, development of a wedge and its reversal, head and shoulders, double top, double bottom, triple top, triple bottom, etc. Any changes on the chart are immediately displayed as a message. Experts are sure that Autochartist is not...
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In the 83rd issue of ForTrader.org, we continue to recall and re-examine the MACD trading strategy on the EURUSD four-hour chart. This time we are looking at the pattern D, which is called "Double Top and Base". We will still need the MACD indicator with FastEMA=5 and LowEMA=13. As well as Moving Average: three exponential moving averages with periods of 7, 21, 365 and a simple moving average with a period of 98. So, as usual, we have two trading signals at our disposal: buy and sell. The analogy will be the traditional patterns of "Double Top and Base". Let us have a look at the rules for opening trades. Trading ...
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Trading Strategies and their Automation In the New Year issue of ForTrader.org magazine we decided to go back to the roots and review trading robots that we had written before, but were already forgotten by our readers. A quick test of our Expert Advisors confirmed that it makes a lot of sense and you will see it. First of all, let us take the notorious 4-hour MACD strategy. Back in 2008, it showed quite stable results. In the next issues of our magazine we will discuss it in details and estimate its efficiency in the current market. For now, let us remember the rules. So, to work we'll need the currency pair EURUSD, MACD indicator (FastEMA=5, LowEMA=13) with levels -0.0045 and +0.0045, EMA(7),...
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Trading strategies and their automation In the last 78th issue of ForTrader.org we began to look at my author's trading strategy called ProHvost, based on observations of Japanese candlestick charts. Let me remind you that the main idea of the tactics is the long shadows or "tails" that are often closed by the market. In order not to repeat them, I suggest you to refresh your memory on the basic rules. Let me also remind you that we have considered the success of the strategy only on the buy trades, promising that we will deal with the sales a little later. The time has come to keep our word. So, we will need the currency pair EURUSD and an hour timeframe. We open the chart and look for bars with long shadows.
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Trading strategies and their automation In the 78th issue of ForTrader.org magazine I would like to conduct my personal research of trading strategies based on the observation of the behavior of Japanese candlesticks. Of course, we cannot say that the price behavior is always the same, but the "Head and Shoulders" pattern is many years old, and it is still actively used in the analysis of some or other exchange assets. A few words about the principles of the discovered pattern: while observing various combinations of candlesticks, I paid attention to their peculiarity to close excessively long shadows in the hour chart of the EURUSD pair. That is, as soon as the upper or lower shadow of a candle is big enough, we have a large shadow...
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In the 77th issue of ForTrader.org we will consider a scalping strategy with a new method of market analysis, which we have never seen before in trading practice. We will work with the same standard trading indicators, which doubles the interest of the results. We hope we have intrigued you. Well, let's begin. Tools for work Currency pair: AUDUSD and others Time frame: M30 Indicators: MACD(24, 52, 18), EMA(100) Terminal: MetaTrader 4 Deposit: 1000$ As we see, it is true, we do not offer you anything new in the tools, so let us move on to the rules. So, let us start with the rules of the trading strategy...
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Continuing the series of articles on programming in MQL4, started in issue 74 of ForTrader.org magazine, we have come to the most important thing - the source code. How to understand this language of MQL4? How do you learn to modify it? For most people these questions cause the greatest difficulty and fear. However, if we're talking about the modification of the program, it's not so scary. The program in MQL4 looks like a text in English, from which the most part of words have been thrown out, leaving only the most necessary. Other articles on programming in MQL4: Independently Modifying Programs for MetaTrader4 (Part 1)...
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In the 75th issue of ForTrader.org. we will look at a curious trading strategy called The.7, which has been discussed with interest by traders on an overseas forum. The essence of this trading algorithm is simple and will appeal to many, especially to those market participants who prefer to make trades infrequently and seek profits taken along the entire length of the trend. Other research by ForTrader.org: Skyplay - indicator strategy advisor Tricolor - profitable scalping strategy for M1 timeframe Good scalping strategy on Bollinger bands and RSI Trading strategy settings Read more about The7 strategy in manual trading on our website, here we will discuss the main points we need to automate the process....
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During the master class "Programming on " In the process of daily trading most of us regularly encounter with various programs written for the terminal MetaTrader 4. Scripts, indicators, advisors - their essence is to help us to make a decision on placing or closing an order (or even to completely automate this process). 90% of time they work absolutely fine, and we are satisfied with them. However, in the remaining 10% times, there are situations when the programs do not give us a complete market situation. At such moments an irresistible desire arises to optimize them (read - to improve them): to add a new condition of entry or exit, correct the behavior a little, at last, just display a warning message -...
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In the 74th issue of ForTrader.org we will explore and automate a trading strategy called Skyplay. This is a multicurrency indicator tactic, whose author claims that 70% of its trades are profitable. Let's see if this is true. Skyplay trading strategy settings We will need the currency pair EURUSD or GBPUSD, MT4 terminal turned on from 07:00 GMT to 14:00 GMT, a set of indicators and H1 and M5 timeframes. There will be several indicators: Supertrend(20), Breakout box, EMA(20) (yellow, built on highs), EMA(20) (red, built on lows), MACD, True Strength Indicator, Time Zone Trading Indicator. Some of them: Supertrend, showing the trend direction, and Breakout box, orienting in the range...
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In the process of daily trading, most of us regularly encounter various programs written for the MetaTrader 4 terminal. Scripts, indicators, advisors - their essence is to help us to make a decision on placing or closing an order (or even to completely automate this process). 90% of time they work absolutely fine, and we are satisfied with them. However, in the remaining 10% times, there are situations when the programs do not fully convey the situation on the market. At such moments an irresistible desire arises to optimize them (read - to improve them): to add a new condition of entry or exit, correct the behavior a little, finally, just display a warning message - here are only some examples from a large...
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This time in the research part of ForTrader.org we will look at a scalping strategy based on moving averages and stochastic modifications, which are applied on the smallest timeframe - M1. Trading is designed for the European session and currency pairs with small spread. We will briefly analyze the entry and exit signals of the TS. There you can also download the necessary version of the stochastic. Read more in the 73rd issue of ForTrader.org. The test results showed a yield of more than 1000%. Download the Expert Advisor | Download the set | Detailed testing stochastic | Discuss the Expert Advisor
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In the 71st issue of ForTrader.org we offer you a scalping strategy based on Parabolic SAR and MACD indicators. You can find a lot of similar tactics, but the interest of this one is to combine the indicators of the two filters. PDF-version of the article you can read in the journal ForTrader.org Initial settings of the trading strategy: Working timeframe: M5; Currency pairs: EUR/USD, GBP/USD, AUD/USD; Trading indicators: Parabolic SAR (0.011, 0.11) on the chart, SMA (8) on the chart, MACD (5, 8, 9) in a separate window with Parabolic SAR (0.01, 0.1) built on its readings. Trading strategy rules: Set the proposed indicators on the selected trading instrument. Buy position opens when...
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In the 70th issue of ForTrader.org we will consider a simple scalping strategy for the foreign exchange market, based on a combination of standard indicators from the familiar to us MetaTrader 4 terminal. This scalping trading strategy works on the lowest timeframes of currency pairs EUR / USD, AUD / USD, GBP / USD. Trading strategy parameters: Currency pairs: EUR/USD, AUD/USD, GBP/USD; Timeframes: M1 and M5; Indicators: - SMA (50) for M1; - SMA (21) for M5; - CCI (45), 100 and -100; - Parabolic SAR (0.02, 0.2). All indicators are plotted on the chart as standard. As a result, your working chart should look as follows: Rules for working on the trading strategy A sell deal is made when the...
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Dear readers, in this issue we will look at the RSI-Profit trading system. It is quite simple and uses popular indicators RSI, Moving Average and Parabolic SAR to determine signals. It will suit both novice traders and speculators with trading experience. Trading strategy rules For trading, as mentioned above, we use the following indicators: - Parabolic SAR - standard settings; - RSI with a period of 8, built on the weighted closing price; - exponential moving average, which is built on the values of the RSI indicator (let's call it RSI_MA). The i-MaOnRSI indicator, which combines the latter two in one window, was written for convenience. The signal to open the deal to buy:...
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