Hi tashkent, I have been working on a trading strategy based on HMM for a few months. I had difficulties with porting a HMM package into MQL4 language, and the slow process of the MT4 strategy tester. I will watch the video. Thanks for sharing it ...

Trade based on Autoregressive Model

Hi Khalil, I'm following your great work! According to my experience, a trailing stop often stops out very good trades before letting them to hit the target profit. This highly affect the performance of the strategy. However, I have ...

Engulfer

Hi ezcurrency, I like your idea very much, and I'll give it a try. You may not know, but I have already developed an EA that creates XXXLFX charts using any broker. However, Backtesting your idea using MT4 strategy tester is not trivial ...

Trade based on Autoregressive Model

Hi Copernicus, Glad to see you in this thread! :-) I should have mentioned that I first remove the trend in the time series (subtracting the average from the latest N prices), then I estimate an AR(1) model and test whether a unit root exists in the ...

Trade based on Autoregressive Model

The market price is usually modeled as Geometric Brownian Motion (GDM). Here I assume that we can approximately model the recent market price action as an AR(1) model.

Trade based on Autoregressive Model

This indicator recalculates the bands and fits them to the past. Simply put, it repaints. Let's skip it!

Renko Trading Discussion

Fibonacci sequence has nothing to do with market price prediction. The screenshots of the charts showing a retracement of price on a level of Fibo are all due to (near to) random nature of the market.

Fibonacci Indicator? Is it a big Joke?

I just looked at the code of this indicator. It just draws up/down arrows at the cross between a MA(5,Simple,Close) and a MA(5,Simple,Open). However it repaints the arrow at the current bar (which has not been closed yet). Regardless of a poor ...

Renko Trading Discussion

Hi blueseahorse, I discuss all my Renko strategies in this thread.

Renko Trading Discussion

Hello maxwell, what are the red and gray bands on your chart?

Renko Trading Discussion

Here is Version 1.00 of the EA that opens a position in the direction of the previous Renko bar if that bar forms between a user specified minimum and maximum minutes. file Note: The EA has not been tested yet. Use it on a demo account first.

Renko Trading Discussion

I was thinking about a similar approach for scalping a few pips. However, there is a major problem with this approach: if the price jumps up/down greater than one Renko block size, there will be no chance to open a position in the middle of price ...

Renko Trading Discussion

The latest versions of the EA can be found in my Renko trading discussion thread.

Lets Automate a Simple Renko Strategy!

Version 1.41 of Non-gap Renko Chart Creator EA released. This version is compiled and tested on MetaTrader 4 Build 890

Renko Trading Discussion

Version 1.41 released. This version is compiled and tested on MetaTrader 4 Build 890. I updated Post 1.

Non-gap Renko Chart Creator EA

You're welcome! I set it to 7 (taken from my favorite number 7)

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Here are the answers: 1. Both! During the periods highlighted with the blue arrows the trades are losing in a row or in loss-loss-profit (=breakeven). It seems flat because of the small angle on the picture. 2. Yes and no! During the periods ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

As artem_t mentioned, the EA invests 50 USD per trade until it wins a trade and doubles its risk.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Looking at the above screenshots, I am wondering if it is a variant of grid trading with some entry logic (perhaps counter trend...)?

The Goose