When you have a position showing a profit you may want to add more trades to the position. The question is how to check that all of your existing trades have reached a minimum profit level before opening a new trade.
Scale Into a Winning Position Read More »
How do you prevent your EA from placing trades too soon after each other but still allow other functions like trailing stop and closing to go ahead
Add a Delay Between Trades Read More »
In this video I show how to write an expert combining Stochastic as a trigger and Heiken Ashi candles as a trend reversal confirmation
Heiken Ashi Stochastic Expert Read More »
This is a starter expert for the ichimoku cloud using only the Senkou Span A and Senkou Span B lines. The strategy uses a basic assumption that when price enters the cloud it will generally cross to the other side. The expert here uses the Orchard Framework 3, specifically 3.02 https://youtu.be/Uf5_CkeVbdU The expert shows how
Ichimoku Cloud Expert Read More »
This is my first tutorial on writing a grid trading expert. Caution – grid trading can lead to very large drawdowns. It is high risk. This covers the standard buy/sell at each level grid. It is a foundation for other grid trading tutorials to come. The expert here uses the Orchard Framework 3, which I
Grid Trading Expert for MQL4/MQL5 using Orchard Framework 3 Read More »
This is the classic MACD crossover strategy with the combined moving average trend filter. Use the tutorial as the basis for building your own trading robot. This video uses classes developed in my earlier video “Use Common Classes to Write MQL4 and MQL5 Experts”. The key functions used are shown below, the video will explain
MACD EMA Expert for MT4 and MT5 Read More »
When I make videos about writing experts or indicators I usually make them for both MQL4 and MQL5. This naturally leads to some code that has to be conditional due to the differences. The conditional code that bothers me most is the difference in the way technical indicators are handled and I think dealing with
Use Common Classes to Write MQL4 and MQL5 Experts Read More »
I have covered using iCustom to make custom indicator information available in your EA several times but there is one question that keeps appearing. If you have an indicator that actually draws signals on screen, like buy and sell arrows, how can you use that information in an EA? It’s difficult because these indicators often
Using Custom Indicator Chart Objects in an Expert Read More »
Based on a request from a subscriber this is a simple indicator to raise an alert if the price moves more than a specified amount above or below the opening price for a bar, but only raise one alert for each direction. This indicator does not use a plot buffer so you may get a
Raise a Metatrader Alert on Price Movement in a Bar Read More »
To write an indicator drawing support and resistance lines you need a set of rules that a computer can follow to create those lines. This technique uses the ZigZag indicator to find potential S/R levels and then refines further by finding multiple points. The code here is a combination for MT4 and MT5. Most code
Automatic Support/Resistance indicator using ZigZag Read More »
