Automated Trading
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In this issue we will explore a strategy based on the Bollinger envelope breakout, which was suggested to us by forum member Godlike. The strategy uses the indicator of the same name and the average line. The search for the signal on the envelope breakout is performed on the hourly chart, we look for the confirmation by the SMA on the daily timeframe. The basic rules of the strategy we will divide into 6 parts. We should immediately note that in addition to the buy and sell signals, we will also provide for Stop Loss and Take Profit levels, which will protect us from the sharp market fluctuations. I also remind you that all our EAs work after the candle closes. So, 1. Buy 1 - breakout and closing of the candle above the upper limit...
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Many traders are well aware of the Martingale tactic - increasing the volume of the transaction after each loss. This tactics is guaranteed to win, but as always has one "but". To fully guarantee a profit it is necessary to have an infinitely large amount of money. Therein lies the main contradiction. Why try to increase the capital if its size is already infinite? Nevertheless the use of the Martingale tactic has the right to life on a local scale. For example, such a modification of the tactic as an addition to a losing position. In this case the accent is made on improvement (decrease for long trades and increase for short ones) of the average opening price of an aggregate transaction. As a consequence, in order to get the planned...
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Nowadays there are so many ways to determine a person's tastes and preferences even before an intimate conversation with him. Their clothes, manner of behavior in society, and even the ring-tone of their cell phones can tell us that. A chance to fantasize about the preferences of a man we have never seen is presented today. No fragments of clothing or the smell of deodorant will be used for this. It turned out to be a little simpler and, at the same time, more exotic. All we have is a pseudonym on the forum (renoshnik), a first and last name (Yuri Voloshin) and the name of the expert - Agent_Fx_v07. It's hard to judge the coincidence of the name and version number, but the associative row is built like this: Agent 007,...
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The second month of testing the Expert Advisor portfolio has come to an end. As is customary, we will conduct a detailed analysis of each strategy separately and see what it led to in terms of the overall result. The analysis of each Expert Advisor is necessary for the timely exclusion from the portfolio of those that bring more losses than planned. Portfolio analysis procedure Let us briefly remind you how the trades of each strategy are selected. This procedure is done using the HistoryToFile script (described in the 55th issue of the magazine). Since currently all strategies are based on different currency pairs, the sorting can be done without considering the Magic Number of deals. For now it is enough to distinguish one...
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In the process of trading any experienced trader does not limit himself to one strategy, always using at least two or three of his arsenal. If we add here the fact that in addition to various strategies a lot of instruments are used, then as a result the account history turns into a mess of various closed positions and pending orders cancelled. It is sometimes very difficult to make sense of the mess, to say nothing of the analysis of each strategy or one of the strategies within one symbol. There is, as always, a way out. There is nothing that prevents you from parsing the account history for different instruments. And if the trading was performed by means of Expert Advisors, which provide them with the magic number (MagicNumber) in order to identify the orders, the...
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С давних пор, еще когда я был ребенком, меня вечно интересовал вопрос – как люди из абсолютно одинаковых арбузов, лежащих вповалку на прилавке, выбирают тот единственный, который впоследствии и покупают? Вопрос, казалось бы, риторический, но, как ни странно, покупатель арбуза всегда сможет найти тысячу причин, объясняющих его выбор. Пусть эти причины будут совершенно неочевидны для стороннего наблюдателя, но они реально существуют. Точно также и с советниками, которые выбираются для «анализа крови». На первый взгляд читателю трудно определить, чем же так зацепил меня тот или иной программный код, что я решил вынести его на общее обозрение. Но и сегодня причина…
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The experiment I started a month ago (testing the Expert Advisor portfolio on a demo account) has brought the first results, namely: the results of experts' work online and, most importantly, the first profit, even though it is virtual. There were a few unfortunate mistakes on my part. When registering a demo account the automatically generated password was not saved. Subsequently, when I transferred the account to another computer, access to the "accumulated treasures" became impossible. At that time the balance grew by 700 dollars, and there was an open position on GBPJPY, which gave floating profit of about 200 dollars. The only solution was to switch to a new account 2046102. To maintain the purity of the experiment, the initial balance of the new account is set equal to the funds (Equity) of the old one...
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In this issue we will consider a Forex trading method called FOZZI, proposed for consideration by our forum member Volotka. According to the author, the tactic is quite simple to perform, but quite interesting in terms of potential profits. The author also recommends to use the method on EURUSD, USDJPY, GBPUSD, USDCHF, working with intervals H4 and Daily, though he does not deny the possible success on lower timeframes M30 and H1. He supposes that the result will be worse only because of a larger number of false signals. Let's see. The rules of the strategy: So, dear Volotka, how easy is the strategy actually to execute? Judging by the rules, it is built...
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With the release of the first builds of the Meta Trader 5 terminal two more types of orders were added to the standard list of trade orders - BuyStopLimit and SellStopLimit. BuyStopLimit is an order to set a Buy Limit order when the price reaches a value higher than the current Ask price. SellStopLimit is an order to set a Sell Limit order when the price reaches the value, which is lower than the current Bid price. All this will work in MT5, but at the moment no broker or dealing center uses MT5 for real trading, since the terminal is still being tested. And you really want to try the charms of such trading orders now, on MT4. К...
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For the last two months MQL programmers have been so obsessed with the news of the release of the new MT5 terminal that most of them have forgotten about such a reality as MT4 and, consequently, MQL4. Not surprisingly, the number of programs for MT4 has decreased by an order of magnitude, and therefore it has become harder to find something worthy of attention. Nevertheless, I have managed to find a subject for testing. It was distinguished by two parameters: by name (Umnick) and type (adaptive Expert Advisor). Adaptation of a trading robot to the market behavior has always been of great interest since it ideally allows to create a kind of perpetuum mobile that would work everywhere and anytime (utopia, of course). Well, the name immediately creates an indulgent attitude...
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In the last 53rd issue of the magazine we summed up the results of the column "In Search of a Successful Strategy". The results were considered successful, and this suggests that it is time to move from theory to practice, that is, to trade online, rather than in a tester. As is supposed at the initial stage, the account will be virtual, not real, so to speak, for reconnaissance. Trading will be conducted solely automatically, that is, absolutely all trading operations (opening, closing and modifying positions) will be performed by Expert Advisors. The role of man is only to ensure the proper functioning of equipment. Decisions to disable the existing expert robots and connect other ones will be made only once...
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Since over the last few months I have not received any interesting research proposals on strategies, I decided to share with the readers my own little experience in the field of hedging trading. It should be noted that this approach to trading has interested me most of all, because it obviously has economic reasoning, and in my opinion, in the current crisis market this element of trading is one of the fundamentals. Many financial companies apply methods of hedging and diversification for getting additional profit or insuring risks, why should we, common traders, not use similar methods, since they have already been tried out by our predecessors to some extent. Let's see.
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Any human occupation requires constant development. Without it, this activity will turn into trampling in one place, which, in time, of course, will become boring. Therefore, in order to perform the same actions, people over time invented more and more new ways of performing them. In their turn, the new ways required new tools, which, more often than not, gave rise to even more perfect technologies. And so on in a circle "method - tool - new method". Trading was no exception in the field of human activities. In a short time, it has gone from teletypes to the worldwide network, which continues and continues to demand new tools for market analysis and execution...
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Such MT4 tool as "Fibonacci lines" is especially popular among traders. It is used for absolutely different purposes. Wave traders (adherents of the wave analysis) use this tool for calculation of waves, others - for simple calculation of the channel in which you can quickly find the middle or other parts of the channel width. In many cases, after drawing Fibonacci lines, traders need to set pending orders on key levels. To do this, they have to manually make several order placing operations in a row. In this case, it is necessary to enter each level price into the order opening price window. When there are 2-3 Fibonacci levels, a trader does not feel discomfort, but a large number of levels can even confuse....
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The AutoGraf 4 application has order tools Pull up object (9) and Pull down object (10) designed to modify orders. These tools can change the order line price depending on the position of one of the standard MetaTrader 4 terminal objects. These tools have the same algorithms of execution, the only difference is in the direction of order line modification. Let us consider their properties using the example of the Pull Pull Up Tool for an object. Permissions The tool "Object lift up" can be set on the order lines: - StopLoss and TakeProfit of any type of market order; - OpenPrice of any type of pending order. Limitations The tool is set (column): If the pull up object tool is set...
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In this issue we will consider a divergence strategy based on the CCI indicator suggested for research by our forum participant Yuri2. For testing, we will use a ready-made Expert Advisor and indicator posted by liveexpert on our forum. Our task is to slightly modify it according to the new rules. I should say at once that we will not get an ideal system as many signals generated by the Expert Advisor would be reasonable to skip them as unimportant or consider them in a different way by searching from another elevation or bottom. To discuss the Expert Advisor this time, I invite you to the traders' chat, where you and I can solve any questions about fine-tuning or correcting the Expert Advisor, and...
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[info_block align="right"]Please note that the quality of quotes history varies from broker to broker, which can cause serious differences in the results of testing one EA on accounts from different brokers[/info_block] In the modern trading environment using EAs in trading does not look exotic anymore. Almost every day there are new free and paid trading robots, which impress with their profitability and a desire to make a quick profit. However, putting an Expert Advisor on your trading account without checking is a dubious venture that leads to "unexpected" losses in potential. Therefore, we recommend you to start testing your trading robot. All you need to know about how to test an Expert Advisor in the Strategy Tester of the MetaTrader 4 terminal...
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A trader's brain does not function in the usual way. A person who is far away from financial markets acts rationally and predictably. When an individual who thinks only in candlestick combinations gets involved, the consequences are much harder to predict. As an individual, confused life priorities and increased impulsiveness are well-known vices of traders. The process of trading itself becomes an end in itself, and the biological computer in the depths of the cranium enters an endless cycle, hanging on the abstract idea of idyllic existence and your own yacht moored at the pier of the seafront of your mansion. To begin with, the idea of automating your own trading strategy alone does not provide a carefree existence, nor does it get rid of the trader's pressing problems. If you don't have a...
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The latest know-how in the field of experts is the use of neural networks. This term has been borrowed from artificial intelligence systems. Technically speaking, neural networks, simply put, mimic the mechanisms of the human brain. The main characteristic of such systems is their ability to learn from their actions. The essence and advantages of neural networks The use of neural networks in experts allows to accept several streams of information and get one result at the output. Before you can use a neural network for prediction you need to train it to find and correct the patterns. The process of training and testing is quite time consuming, but it allows the neural network to predict future situations based on retrospective data. When pairs of data on the...
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Dear trader, have you ever thought about how to create an MQL4 Expert Advisor? Exactly create it, not order it from a professional programmer. In fact, the task is not so difficult. The advantages are obvious: it saves you money on freelancing services and allows you to create your own Expert Advisors. The skill is not going anywhere! This is not to mention the pleasure of creating your own MQL4 Expert Advisor, which can potentially bring profit in automatic mode. Master class "Creation of trading robot" Creation of trading robot: from A to Z The first phase of trading robot creation: putting in order and adding the trading stop The robot was sleeping, but we were working...
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