If you’re looking to level up your trading game, the EQ Dashboard indicator for MetaTrader 5 is here to help. Let’s dive into what this tool offers!
What’s New?
Compared to the previous version, the EQ Dashboard comes packed with a host of features:
- Automatic tracking of your 'Market Watch'—adding and removing symbols seamlessly.
- Real-time updates for any changes in active symbols.
- Temporary saving of settings if you need to switch off the terminal.
- User-friendly interface, allowing you to reset, change color themes, minimize, or close the indicator with ease.
Objective:
- Identify volatility flattening for spread and equity trading.
- Visual analysis of spread trading efficiency.
- Spot entry and exit opportunities for equity trading.
How It Works:
- Volume and direction settings are applied to each active pair.
- Cumulative profit/loss from all positions is calculated.
- The results are displayed as an equity line in a subwindow.
Getting Started:
- Set your volumes, directions, and activate your pairs.
- Determine the drawing history depth in bars.
- Optionally set your initial balance.
Important Notes:
- Bear in mind that spreads, commissions, and swaps are not factored into these calculations.
These insights stem from a thorough understanding of how the mechanism should function. The EQ Dashboard is still in its experimental phase, focusing on a lesser-known technique for profit extraction in spread and equity trading. There’s a lack of comprehensive definitions and instructions available, leading to fragmented knowledge across the board.
For those interested in discussing this further, you can check out ongoing conversations on the topic here.
Next Steps:
- Conduct visual analyses of flat strategies, utilizing optional Bollinger Bands, Convergence Levels, and more.
- Automate the identification of optimal portfolios or basket designs for spread/equity trading—finding or crafting a suitable formula is key (I admit, math isn’t my strong suit!).
- Algorithmize trading by creating the EA itself for favorable outcomes.
PS: We’d love to hear your thoughts, insights, or comments about the EQ Dashboard. Whether here or in the discussion thread, your input could help enhance the implementation of this indicator!
Comments 0