If you’re diving into algorithmic trading with MetaTrader 5, the MQL5 Wizard is a game changer. This tool lets you whip up ready-made Expert Advisors (EAs) that leverage the Standard Library classes bundled with the client terminal. Check out the guide on Creating Ready-Made Expert Advisors in MQL5 Wizard for all the details. With it, you can quickly validate your trading ideas; just create your own trading signals class!
The core concept is straightforward: your trading signals class should extend from CExpertSignal. Then, you’ll need to override the LongCondition() and ShortCondition() methods to implement your own logic.
There’s a great resource called "Strategies of Best Traders". It digs into various trading strategies, and we’ll zoom in on reversal candlestick patterns, particularly the ones validated by the Stochastic, CCI, MFI, and RSI oscillators.
To effectively check for candlestick patterns, it's best to create a dedicated class extending from CExpertSignal. For confirming signals generated by these patterns, simply derive from CCandlePattern and integrate the necessary features (like oscillator confirmations).
1. Understanding the
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