System Trading - MetaTrader5 (Page 111)

Unlock Trading Success with the Ravi+AO System for MetaTrader 4

Hey fellow traders, If you're looking to enhance your trading game, let me introduce you to the Ravi+AO System for MetaTrader 4. This straightforward Expert Advisor (EA) leverages the power of two indicators: the Awesome Oscillator (AO) and the Ravi Indicator. It's a solid choice if you're focusing on the EUR/USD pair, particularly on the H1 time frame. Just a heads up, this EA is not optimized yet, but I’ve seen some promising results that could give you a good starting point for your trading strategy. So, if you’re ready to dive into this EA, make sure to test it out and see how it fits with your trading style!

2008.08.27

MetaTrader4

Mastering the 20 Pips EA for MetaTrader 4: A Trader's Guide

Description: Buying Rules: 1. Ensure the fast moving average (MA) is above the slow MA. 2. Enter a trade when the closing price is lower than the opening price, setting a Take Profit (TP) at 20 pips. Note that no Stop Loss (SL) is applied initially. Exit Strategy: You can exit either by hitting the TP or by setting a Stop Loss at the minimum of the previous bar minus 10 pips, particularly once the minimum of the previous bar dips below the lower Price Channel line. Martingale Element: This strategy incorporates a Martingale approach, which means if the first trade results in a loss, the next trade will be executed with a significantly larger lot size. This is based on the assumption that there’s a slim chance of consecutive losing trades. Selling Rules: The selling rules are simply the opposite of the buying rules. Just a heads up – this isn’t a fully automated trading robot. It’s more of a conceptual tool for exploring trading strategies. Timeframe: This EA operates on daily charts using opening prices. You’ll only need to optimize the Period_Pch during testing. If you set the multiplier to 1, the system will function without using Martingale. The TP of 20 pips is generally optimal for most currency pairs. I’m eager to hear your thoughts, comments, suggestions, and critiques! Image:

2008.08.27

MetaTrader4

Unlocking the Power of Open Source Forex for MetaTrader 4

Introducing the OSF 1.0 Expert Advisor Hey fellow traders! Let's dive into the world of open-source trading with the OSF 1.0 Expert Advisor. This EA is designed to keep an eye on several indicators and make trades based on the values those indicators provide. Every few bars, this clever little system checks the indicators and returns a score between 1 and 100, adjusting its position accordingly. What’s really cool about Open Source Forex is that it’s a community-driven project. We’re all in this together, building a strategy that everyone can use and profit from. This open-source approach to strategy development means we can leverage the collective knowledge and resources of a broad network of independent developers who are eager to create a solid public domain strategy that can be shared and traded with ease. Imagine having one base strategy that can be implemented in countless ways! The OSF isn’t just a single strategy; it’s more like a development platform where we can all contribute and benefit. It’s designed to monitor custom indicators created by developers like you and execute trades based on a comprehensive analysis of those indicators. Plus, it comes with a handy Money Management Module (MMM) to keep your trades in check. We encourage everyone to join in on this exciting project! If you have something to contribute, we’d love to see it. Just remember, anything you share needs to be available to the group, in line with the GPL. Ready to get started? Check it out here: www.opensourceforex.com

2008.08.26

MetaTrader4

Mastering MA2CCI: Your Go-To Trading System for MetaTrader 4

Understanding the MA2CCI Trading System If you're on the lookout for a solid trading strategy, let me introduce you to the MA2CCI system designed for MetaTrader 4. This trading system combines the classic trend-following technique with a twist that can improve your trading results. How It Works The MA2CCI system uses the intersection of two moving averages (MAs) to signal potential trades. Here’s the kicker: it enhances these signals with the help of the Commodity Channel Index (CCI) indicator. Essentially, when the CCI crosses the zero line, it gives you a clear indication of whether to go long (when crossing from bottom to top) or short (when crossing from top to bottom). Main Features of the MA2CCI EA Moving Averages: Customize the periods of the short and long moving averages to suit your trading style. CCI Period: Set the period for the CCI to fine-tune its responsiveness. ATR for Stop Loss: The Average True Range (ATR) helps you place effective stop-loss orders, minimizing risk. Additional Parameters: There are other secondary parameters you can adjust to tailor the system to your liking. Why Choose MA2CCI? The MA2CCI system not only helps you identify trends but also filters out false signals, thanks to the CCI. This can save you a lot of headaches and keep your trading on the right track. If you're serious about improving your trading game on MetaTrader 4, give it a shot!

2008.08.25

MetaTrader4

Up3x1 Investor: Your Go-To EA for MetaTrader 4 Trading Success

Discover the Power of Up3x1 Investor EA The Up3x1 Investor is a trading system designed to capitalize on market panic and the release of key economic indicators in the FOREX market. This EA is particularly focused on trading the EUR/USD pair using hourly data. Getting Started with Up3x1 Investor Recommended Deposit: It's best to start with a deposit of over $1,000. Risk Management: While you can boost your profits by increasing the risk factor, it's wise to stick with sound money management practices and use the default settings. Future Updates: Be aware that this EA includes some extra code from my previous Expert Advisors, and I'm planning to refine it further in the near future. With the Up3x1 Investor, you have a reliable tool to navigate the complexities of the FOREX market. Keep an eye on economic releases, and let the EA do the heavy lifting for you!

2008.08.24

MetaTrader4

Maximize Your Trades with EES Hedger: The Must-Have EA for MetaTrader 4

EES Hedger Are you looking to hedge your trades effectively? With EES Hedger, you can easily take the opposite side of a trade, whether you're manually trading or using another EA. This tool allows you to immediately execute the opposite position specified in its parameters. How to Use EES Hedger: Let’s say you’re using the SAR EA on GBPUSD, which has a magic number of 1234. If you want to use EES Hedger alongside the SAR EA, here’s what you need to do: Open another GBPUSD chart (the same pair the SAR EA is trading). It’s best to use the same timeframe as the SAR EA or a lower one. In the EES Hedger settings, enter the SAR EA's magic number (1234 in this case) under the parameter Original_EA_Magic. Make sure that Advocate_EA_Magic is set to a different number than Original_EA_Magic. Once the SAR EA opens a trade, EES Hedger will automatically open the opposite order. If you want to use EES Hedger for manual trades, simply set Original_EA_Magic to 0. Key Parameters: Original_EA_Magic = 0; // Magic number used by your first EA. Advocate_EA_Magic = 2008; // Ensure this number is unique to avoid conflicts. Slippage = 6; // Allowed slippage amount. TakeProfit = 50; // Take profit value per trade. StopLoss = 50; // Stop loss value per trade. TS_MinProfit = 0; // Minimum profit before trailing stop activates. TrailingStop = 25; // Trailing stop value in pips. BreakEvenAfterPips = 25; // Moves SL to breakeven after this amount in profit. To grab a free copy of this EA, head over to www.eesfx.com and register for a free account.

2008.08.22

MetaTrader4

Getting Started with IsConnected: Your Go-To Tool for MetaTrader 4

How to Use IsConnected with MetaTrader 4 If you're looking to enhance your trading experience on MetaTrader 4, IsConnected is a handy tool you won't want to miss. Here’s a simple guide to get you started: Step 1: First, you’ll need to save the IsConnected.mq4 file into the MetaTrader 4\experts\ folder. Once that’s done, open the file and compile it to ensure everything is set up correctly. Step 2: Next, attach the IsConnected tool to any chart that you don’t plan on using actively. This could be a different symbol or time frame—whatever suits your trading strategy. Once you have IsConnected running, you’ll find that a report file named _IsConnected.txt will be generated in the MetaTrader 4\experts\files\ folder. Keep in mind that this file will be overwritten during its operation, so check back regularly for the latest data. By using IsConnected, you’ll have a better grip on your trading environment, helping you make informed decisions. Happy trading!

2008.08.22

MetaTrader4

Sidus v1: A Comprehensive Review of This MetaTrader 4 Trading System

Strategy Tester Report Sidus v1 Alpari-Demo (Build 217) Symbol EURUSD (Euro vs US Dollar) Period 1 Hour (H1) 2001.01.01 00:00 - 2008.08.19 23:00 (2001.01.01 - 2008.08.20) Model Every tick (the most precise method based on all available least timeframes) Parameters FastEMA=23; SlowEMA=62; FastEMA2=18; SlowEMA2=54; RSIPeriod=67; RSIPeriod2=97; b1=63; c1=59; b12=-57; c12=60; pipdiffCurrent2=24; rsi_sig2=-97; tp=95; st=100; tp2=17; st2=69; Lots=0.5; Bars in test 48521 Ticks modeled 15207623 Modeling quality 90.00% Mismatched charts errors 3 Initial deposit £10,000.00 Total net profit £31,865.70 Gross profit £250,274.20 Gross loss -£218,408.50 Profit factor 1.15 Expected payoff £27.66 Absolute drawdown £5,595.20 Maximal drawdown £9,036.70 (24.65%) Relative drawdown 61.24% (£6,958.40) Total trades 1,152 Short positions (% won) 266 (83.46%) Long positions (% won) 886 (54.63%) Profit trades (% of total) 706 (61.28%) Loss trades (% of total) 446 (38.72%) Largest profit trade £525.70 loss trade -£510.00 Average profit trade £354.50 loss trade -£489.71 Maximum consecutive wins (profit in money) 15 (£4,421.50) consecutive losses (loss in money) 9 (-£4,535.40) Maximum consecutive profit (count of wins) £4,421.50 (15) consecutive loss (count of losses) -£4,535.40 (9) Average consecutive wins 3 consecutive losses 2 № Time Type Order Volume Price S / L T / P Profit Balance 1 2001.01.01 00:01 sell 1 0.50 0.9421 0.9490 0.9404 2 2001.01.01 18:45 t/p 1 0.50 0.9404 0.9490 0.9404 £85.00 £10,085.00 3 2001.01.01 18:45 sell 2 0.50 0.9397 0.9466 0.9380 4 2001.01.02 02:00 buy 3 0.50 0.9390 0.9288 0.9485 5 2001.01.02 02:03 t/p 2 0.50 0.9380 0.9466 0.9380 £79.00 £10,164.00 6 2001.01.02 10:00 sell 4 0.50 0.9455 0.9524 0.9438 7 2001.01.02 13:39 t/p 4 0.50 0.9438 0.9524 0.9438 £85.00 £10,249.00 8 2001.01.02 16:47 t/p 3 0.50 0.9485 0.9288 0.9485 £475.00 £10,724.00 9 2001.01.02 17:00 sell 5 0.50 0.9474 0.9543 0.9457 10 2001.01.02 17:38 t/p 5 0.50 0.9457 0.9543 0.9457 £85.00 £10,809.00

2008.08.22

MetaTrader4

Mastering the Trend RDS: Your Go-To EA for MetaTrader 4

Description:The Trend RDS is an innovative trading system designed for MetaTrader 4 that helps you identify market trends with precision. By analyzing the three bars preceding a specified time, this Expert Advisor determines whether the market is trending upward or downward. Depending on the analysis, it can either follow the trend or take a contrary position if the trend is reversed.It's particularly useful during news events, giving you an edge when volatility spikes. Examples of Trend RDS in action: Recommendations:Before diving into live trading, make sure to test the Trend RDS on a demo account to get comfortable with its features and performance. Strategy Tester ReportTrend RDSInterbankFX-Demo Accounts (Build 217) SymbolEUR/USD (Euro vs US Dollar) Period15 Minutes (M15) 06 Aug 2008 00:00 - 18 Aug 2008 17:30 ModelEvery tick (the most accurate method, based on all available data) ParametersLots=20; StopLoss=30; TakeProfit=0; StartHour="12:30"; CloseHour="21:00"; Reverse=false; TrailingStop=0; TrailingStep=1; BreakEven=50; MagicNumber=0; Repeat=3; Periods=5; UseAlert=false; SendEmail=false; TradeLog="Trend_RDS"; Slippage=3; Indicator_Setting="---------- Indicator Setting"; Bars Tested1823Ticks Modeled95595Model Quality90.00% Chart Errors0 Initial Deposit$10,000.00 Total Net Profit$121,486.00Gross Profit$151,486.00Gross Loss-$30,000.00 Profit Factor5.05Expected Payoff$13,498.44 Absolute Drawdown$400.00Max Drawdown (%)$33,357.00 (25.00%)Relative Drawdown33.60% ($8,400.00) Total Trades9Winning SHORT Positions %6 (66.67%)Winning LONG Positions %3 (33.33%) Trade Profits (% of Total)4 (44.44%)Trade Losses (% of Total)5 (55.56%) LargestProfit per Trade$117,886.00Loss per Trade-$6,000.00 AverageProfit per Trade$37,871.50Loss per Trade-$6,000.00 MaximumConsecutive Wins (Profit in $)2 ($117,886.00)Consecutive Losses (Loss in $)2 (-$12,000.00) MaximalConsecutive Wins (Winning Streak)$117,886.00 (2)Consecutive Losses (Losing Streak)-$12,000.00 (2) AverageConsecutive Wins1Consecutive Losses2

2008.08.21

MetaTrader4

Maximize Your Trading with the x1 EA for MetaTrader 4

Hey fellow traders! Today, let’s dive into how the x1 EA (Expert Advisor) operates on MetaTrader 4 and how it can enhance your trading strategy. How the x1 EA Works Simultaneous Trades: The x1 EA opens two positions at the same time—one buy and one sell—using a lot size of 0.1. You can set your take profit level through the order_profit parameter. Reopening Positions: Once a position is closed, whether it’s a buy or a sell, the EA places new trades with a reduced lot size, continuing the cycle. Profit Target: When your total profit hits the target specified by my_profit, all open positions will close, and the process starts all over again. Lot Size Reset: If the lot size falls to zero, the EA will reset and begin again with a lot size of 0.1. Results of Testing Using the x1 EA can streamline your trading and help you maximize profits while minimizing risks. Make sure to test it out and see how it fits into your trading style!

2008.08.19

MetaTrader4

Mastering the Moving Average Position System for MetaTrader 4

Indicators Used: Moving Average (SMA, WMA, EMA) Understanding the Trading Strategy To get started with this strategy, you'll need to utilize the Moving Average, whether it’s SMA, WMA, or EMA. For our analysis, we’ll focus on the H4 timeframe using the EUR/USD chart. Finding Buy Signals The price must cross the Moving Average from below to above on the chart. Close the buy position when the price crosses the Moving Average from above to below. Identifying Sell Signals The price must cross the Moving Average from above to below on the chart. Close the sell position when the price crosses the Moving Average from below to above. Money Management Tips If your total loss across all trades reaches 100 pips, double the volume of your next trade. Should you again incur a loss of 100 pips with this increased volume, double the lot size once more. Continue this process until you achieve a profit of 50 pips from the larger lot trades. After that, revert to your original trading volume. For an in-depth exploration of this strategy, check out the 25th issue of the journal here: http://www.fortrader.ru/ftgate.php?id=0&num=69 Latest Version of the EA: http://forum.fortrader.ru/index.php?topic=25.0

2008.08.14

MetaTrader4

Maximize Your Trading with Altarius RSI & Stochastic EA for MetaTrader 4

If you're looking to boost your trading game, you might want to check out the Altarius RSI & Stochastic EA. This Expert Advisor combines the power of the RSI (Relative Strength Index) and Stochastic indicators to give you a solid edge in the market. While the results can be impressive, it's worth noting that the performance can fluctuate over time—so don’t get too comfortable! Let's dive into the details with a look at the strategy tester report: Strategy Tester Report Version 6 Alpari-Demo (Build 217) Symbol EURUSD (Euro vs US Dollar) Period 30 Minutes (M30) from 2008.07.01 00:00 to 2008.08.07 23:30 Model Every tick (the most precise method based on all available timeframes) Parameters Lots=1; MaximumRisk=0.8; DecreaseFactor=3; PeriodRSI=6; Bars in test 2,335 Ticks modelled 250,834 Modelling quality 90.00% Missmatched charts errors 92 Initial deposit £200.00 Total net profit £1,591.38 Gross profit £1,591.38 Gross loss £0.00 Profit factor — Expected payoff £397.84 Absolute drawdown £43.20 Maximal drawdown £535.50 (35.19%) Relative drawdown 43.52% (134.40) Total trades 4 Short positions (% won) 2 (100.00%) Long positions (% won) 2 (100.00%) Profit trades (% of total) 4 (100.00%) Loss trades (% of total) 0 (0.00%) Largest profit trade £728.45 loss trade £0.00 Average profit trade £397.84 loss trade £0.00 Maximum consecutive wins (profit in money) 4 (£1,591.38) consecutive losses (loss in money) 0 (£0.00) Maximum consecutive profit (count of wins) £1,591.38 (4) consecutive loss (count of losses) 0.00 (0) Average consecutive wins 4 consecutive losses 0 № Time Type Order Volume Price S / L T / P Profit Balance 1 2008.07.01 01:00 buy 1 0.16 1.5750 0.0000 0.0000 2 2008.07.02 22:00 close 1 0.16 1.5878 0.0000 0.0000 £205.26 £405.26 3 2008.07.03 01:00 sell 2 0.32 1.5876 0.0000 0.0000 4 2008.07.03 22:30 close 2 0.32 1.5698 0.0000 0.0000 £569.60 £974.86 5 2008.07.03 23:00 buy 3 0.78 1.5706 0.0000 0.0000 6 2008.07.04 10:00 close 3 0.78 1.5717 0.0000 0.0000 £88.06 £1,062.93 7 2008.07.04 10:30 sell 4 0.85 1.5711 0.0000 0.0000 8 2008.07.07 10:00 close 4 0.85 1.5624 0.0000 0.0000 £728.45 £1,791.38

2008.08.13

MetaTrader4

Unlocking Trading Potential with Vector EA for MetaTrader 4

Introducing Vector EA: Your New Trading Ally If you're on the lookout for a reliable trading assistant, the Vector EA might just be what you need! This expert advisor is designed specifically for MetaTrader 4 and focuses on four key currency pairs: EUR/USD, GBP/USD, USD/CHF, and USD/JPY. How Vector EA Works Vector EA leverages the power of 4-hour moving averages to identify optimal trading opportunities. This approach allows you to ride the waves of market trends effectively, making it a solid choice for both novice and seasoned traders alike. Why Choose Vector EA? Multi-Pair Trading: Focus on the most traded currency pairs for better liquidity. Automated Trading: Set it and forget it! Vector EA handles the heavy lifting for you. Trend Following: Capitalize on market trends using proven moving average strategies. Conclusion With the Vector EA, you're not just trading; you're trading smart. Whether you're managing multiple accounts or just getting started, this tool can help you navigate the forex market with confidence.

2008.08.12

MetaTrader4

Mastering the Natuseko Protrader 4H Strategy for MetaTrader 4

Are you ready to enhance your trading game with the Natuseko Protrader 4H Strategy on MetaTrader 4? Let’s dive into the essentials of this strategy to help you spot those crucial buy and sell signals. How to Identify a Buy Signal EMA Cross: Look for the 13-period exponential moving average (EMA) to cross above both the 21-period and 55-period EMAs on your price chart. Parabolic Indicator: Ensure the Parabolic SAR is positioned below the current price. RSI Levels: The RSI indicator should be above 50 but below 65. MACD Check: The MACD histogram needs to be above the 3-period simple moving average (SMA) derived from the MACD values. Bollinger Bands: Confirm that both the MACD histogram and the 3-period SMA are above the midline of the Bollinger Bands. Stop-Order Placement: Set your stop-order 10 points below the 55-period moving average or at the Parabolic SAR value. First Target: Close 50% of your position when the RSI exceeds 65, or the Parabolic SAR moves above the price. Final Target: Close the remaining 50% when the RSI falls below 50. How to Identify a Sell Signal EMA Cross: Watch for the 13-period EMA to cross above the 21-period and 55-period EMAs. Parabolic Indicator: The Parabolic SAR should be above the price. RSI Levels: The RSI must be below 50 but above 35. MACD Check: Ensure the MACD histogram is below the 3-period SMA. Bollinger Bands: Both the MACD histogram and the 3-period SMA should be below the midline of the Bollinger Bands. Stop-Order Placement: Set your stop-order 10 points above the 55-period moving average or at the Parabolic SAR value. First Target: Close 50% of your position when the RSI drops below 35, or the Parabolic SAR shifts below the price. Final Target: Close the remaining 50% when the RSI rises above 50. For an in-depth look at the research results and external parameters of this strategy, check out the 24th issue of our journal: here. If you’re looking for a more detailed breakdown of the strategy, you can find it here. Plus, download the latest version of the Natuseko Protrader 4H Strategy EA and access detailed reports here.

2008.08.07

MetaTrader4

ZigAndZag V2: Your New Go-To EA for MetaTrader 4

Hey traders! Today, let’s dive into the latest release of the ZigAndZag V2 Expert Advisor (EA) for MetaTrader 4. It's based on the well-known ZigAndZag indicator, and trust me, you’ll want to get your hands on this one! To get started, you’ll still need the original ZigAndZag indicator. You can find it in the Code Base, over on the Forum or check it out here. There’s a lively discussion happening there, so jump in! What’s new? This version introduces the ability to handle multiple orders. Plus, they’ve removed forced closing, meaning it operates on a reverse system. You’ll notice some similarities to martingale strategies, as it takes opening signals from larger time frames. Check out the balance performance since the start of the year using standard parameters on GBPUSD with a 5-minute time frame: Happy trading, and may the pips be with you!

2008.08.06

MetaTrader4

Maximize Your Trading with the Updated MACD Pattern Trader EA

If you're looking to enhance your trading game, you can check out the original strategy for the MACD Pattern Trader here. The initial Expert Advisor (EA) is available here. With the latest update, version 0.01 brings some exciting features! Now, you can select a working interval from your specified "start date" to "stop date". Plus, it adds the option to implement a stretched martingale strategy for those looking to take calculated risks. The results have been quite promising. We've seen a decrease in drawdown, which is always a good sign! For a deeper dive into the research and parameter descriptions, check out issue 23 of this link.

2008.08.02

MetaTrader4

Unlocking Trading Success with the DeMark Lines EA for MetaTrader 4

Description: Meet the DeMark Lines EA, your new trading ally that harnesses the power of the renowned DeMark Lines indicator to automatically draw trend lines on your charts. Each time a signal pops up, this expert advisor executes four trades with varying settings—offering you flexibility and control. Plus, if you need to switch gears, it can easily be reversed! To get started, simply place the DeMark lines.mq4 file in your indicators directory and the DemarkLinesEA.mq4 file in your experts directory. Recommendations: Always start by testing on a demo account to ensure the strategy aligns with your trading style. Strategy Tester Report DemarkLinesEA InterbankFX-Demo Accounts (Build 217) SymbolEURUSD (Euro vs US Dollar) Period4 Hours (H4) 2008.07.25 00:00 - 2008.08.01 12:00 ModelEvery tick (the most accurate method based on all available data) ParametersReverse=false; TradeOrder1=true; TradeComment1="Trade1"; TradeLots1=1.5; TradeSL1=30; TradeTP1=0; Bars in test1034Ticks modeled46,452Model quality90.00% Initial deposit£10,000.00Net profit£41,626.40Gross profit£41,626.40 Total trades9Winning SHORT trades %3 (100.00%)Winning LONG trades %6 (100.00%)

2008.08.02

MetaTrader4

Unlocking Forex Success with the Trend Follower System

Meet the Author Urban Sotensek A Message from Me As a seasoned Forex trader, I've been in the trenches and learned the ropes over the years. I still dabble in trading occasionally, but I found myself growing weary of waiting for reliable signals. That's why I'm sharing my insights with you! Initially, I charged $300 for my system, but I've decided to offer it for free now. Why? Because success in Forex hinges more on the trader—about 70%—than on the system itself, which is only about 30%. Your mindset and emotions play a significant role in your trading journey. This system took me six months to develop, rooted in extensive market analysis. It’s robust as is, so please resist the urge to tweak indicators or parameters. Start on a demo account for at least two months to familiarize yourself with the system before going live. And remember, I’m not liable for any financial outcomes; you’re in charge of your trading! Key Details Time Frame: 5-minute chart Trading Session: From the start of the European session to the end of the American session Recommended Pairs: USD/JPY, USD/CHF, GBP/USD, EUR/USD, USD/CAD, AUD/USD, EUR/JPY, and Gold What is Trend Follower? As the name suggests, Trend Follower is all about riding the wave of the market trends. Remember, “the trend is your friend.” This system offers a unique perspective on market movements, helping you understand price structure better. Rather than predicting the future, it identifies current trends and lets you flow with the market. While mastering this system, you’ll broaden your knowledge, keeping up with economic developments and refining your trading approach. Unlike many systems that rely on historical performance, Trend Follower adapts to any market condition and emphasizes timing and understanding over guesswork. Components of the System Let’s dive into the indicators that make up the Trend Follower system: Signal Arrows: Generated when two exponential moving averages cross. We use a fast EMA of 4 and a slow EMA of 8. MACD: Default settings are used (5,35,5) which include a slow average of 26 days and a fast average of 12 days. Volatility Channel: Measures market volatility using 34 EMAs based on highs and lows. Laguerre: An advanced version of RSI that prioritizes recent data over older data. Slope Direction Line: Indicates the trend's direction—red for downtrends and blue for uptrends. Pivot Points: Used to identify intraday support and resistance levels, calculated based on the previous day's high, low, and close. Guppy Multiple Moving Averages (GMMA): A blend of moving averages that smooth out price action and provide clearer trend signals. Trading Breakouts While we often aim to avoid breakouts, the GMMA can help identify them accurately. For upward breakouts, look for yellow lines crossing above red lines while green lines stay below. Conversely, for downward breakouts, yellow lines should cross below both green and red lines. Always wait for price confirmations before entering trades. Rules for Trading with Trend Follower Your entries should be made only when all indicators align at a signal candle or the next one. Here’s a quick rundown: For a Buy Entry: Wait for a signal up arrow. Ensure the green lines of GMMA are above the red lines, pointing upwards. Laguerre should cross above 0.15. MACD must be above 0. Set your stop loss appropriately and manage exits as per your strategy. For a Sell Entry: Wait for a signal down arrow. Ensure the green lines of GMMA are below the red lines, pointing downwards. Laguerre should cross below 0.75. MACD must be below 0. Set your stop loss appropriately and manage exits as per your strategy. Final Thoughts I hope you find the Trend Follower system useful in your trading journey. Remember, practice makes perfect—start with a demo account and refine your skills before trading with real capital. Happy trading!

2008.07.31

MetaTrader4

Understanding Fuzzy Logic: A Practical Guide for MetaTrader 4 Traders

Getting Started with Fuzzy Logic in MetaTrader 4 Hey there, fellow traders! Today, we’re diving into the world of fuzzy logic and how it can enhance your trading game using Expert Advisors (EAs) on MetaTrader 4. What You Need to Know Fuzzy logic systems can seem a bit complex, but once you get the hang of it, they can be a game changer. Here’s a quick breakdown of how the EA operates: The EA evaluates market conditions based on five key indicators: Gator, WPR (Williams Percent Range), AC (Accelerator Oscillator), DeMarker, and RSI (Relative Strength Index). It uses trapezoidal membership functions for these evaluations. You have the flexibility to modify the rankings and weights of these indicators directly in the code, allowing for a personalized touch. Feel free to incorporate other indicators you like into the fuzzy evaluation process. This means you can set your own criteria for buying, selling, or doing nothing. Why Use This EA? This EA is designed to help you get familiar with fuzzy logic in trading. I highly recommend experimenting with it and making modifications after you’ve grasped the theory. For a solid introduction, check out A. Nedosekin's material on The Basics of Fuzzy Evaluation Theory. While the technology may differ slightly, the theory is well covered. Pro Tips for Traders Here are a few tips to get you started: If you're planning to implement your own criteria instead of the five built-in indicators, consider breaking these criteria into the borders of fuzzy evaluations (check out the array arGator[7] in the code). Avoid over-optimizing the parameters of the membership functions (these aren’t exposed as external variables in the code). Trust me, excessive tweaking won’t yield significant benefits. Don't be afraid to experiment! Fuzzy logic is a powerful decision-making tool, and it might just give you the edge you need to come out on top. Happy trading, and may the odds be ever in your favor!

2008.07.30

MetaTrader4

Unlocking Profit Potential with MACD Pattern Trader EA for MetaTrader 4

Discover the Power of MACD Pattern Trader EA If you're looking to enhance your trading strategy, the MACD Pattern Trader EA could be just what you need. This expert advisor is designed to implement all the essential trading patterns based on the MACD indicator—all rolled into one robust EA. Plus, we've ironed out a few bugs to ensure a smooth trading experience. Learn More About the Strategy The original trading strategy that this EA is based on can be found here. The EA was specifically crafted to test the effectiveness of this strategy, providing valuable insights into its performance. Performance Results Testing Period: 2007.01.01 - 2008.07.21 Initial Deposit: $500 Gross Profit: $4,318 Total Trades: 369 It's important to note that testing should start from 2007 since the parameters were optimized using data from January 1, 2007, to January 1, 2008. Further Insights For a deep dive into the strategy's results and a detailed description of the parameters, check out the information here. We've seen promising results during forward testing, especially when using smaller timeframes. However, keep in mind that results can vary significantly across different brokers due to their unique quoting mechanisms.

2008.07.29