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Trading Made Simple

  • #115,141
  • Jan 16, 2021 4:47pm Jan 16, 2021 4:47pm
Quoting darlight20
@robots4me I have always been interested in coding custom indicators and ea could you please recommend any good book to read for beginners
@darlight20 -- that's great to hear. I've been developing software for > 30 years, so my path to learning MQL4 would be different than yours. However, there is something even better than learning from books -- online courses. I would recommend Udemy. I have zero affiliation. I've taken numerous classes and most have been great. And they do have a wide selection of introductory to intermediate classes on programming in MQL4. You'll never regret learning a programming language -- and learning to program in MQL4 opens lots of doors, especially if you plan trading forex in the years to come. Also, though MQL4 is similar to programming in C / C++ -- it is a much simpler version. So it has the benefit of being easier to learn, yet still has enough similarities with C / C++ / C# / Java that once you learn MQL4, if you later wish to include additional programming languages in your repetoire, it wouldn't be a big jump.
  • #115,142
  • Jan 16, 2021 5:01pm Jan 16, 2021 5:01pm
Quoting robots4me
{quote} @hasib -- you have so many ideas and are so passionate about trading that I know it must be frustrating not being able to test and experiment when something pops into your head. Just as you can assure us your strategy will be profitable, I can assure you that the most satisfying experience you will ever have with forex is when you are able to code aqnd implement your own ideas.
Can you suggest me some material, to start mql programming. Mql website seems too complex.
MA provides the market's current direction and strength.
  • #115,143
  • Jan 16, 2021 5:24pm Jan 16, 2021 5:24pm
Quoting hasib
{quote} Can you suggest me some material, to start mql programming. Mql website seems too complex.
Hello @hasib -- read my previous response to @darlight20 -- he had a similar question. I agree -- the Mql website is too complex as a starting point. Instead, I recommended online courses to @darlight20 -- I especially like Udemy. I haven't taken an online MQL4 from Udemy, but I have taken others. Most are excellent. And since MQL4 is popular, then there are quite a few to choose from.
  • #115,144
  • Jan 16, 2021 7:01pm Jan 16, 2021 7:01pm
Quoting hasib
{quote} Can you suggest me some material, to start mql programming. Mql website seems too complex.

I first started with TradingView Pinescript. Its coding language is easier. Learn the logic of coding. Then I went to forums and start with some EAs that are simple and shared. And learn the grammar of MQL5, apply some logics used in TradingView.

I started in Jun (you probably remember our first communication). Now TBH I am pretty weak at some functions like FOR loop, but I use reference numbers, nested IF, and built in indi functions of MQL5, I could code pretty much every strategies I can think of, the rules, gating for spread/slippage for risk MM, etc. the codes may be clumsier and longer than those written by experts, but they do the job well. So you can do it.

As of your strategy shared, it is long but codable. To make the job easier is to reduce the number of choices and switches that can be made.

HOWEVER, the major hesitation is the profitability of the strategy is not proven. If you had successfully passed FTMO as said, or not having those “asking for a stragety” posts, it would be much convincing to people. As coding needs time and effort, I would better code something I have backtested and showed profitability.

good luck
  • #115,145
  • Jan 16, 2021 10:29pm Jan 16, 2021 10:29pm
Quoting tommydoginti
{quote} I first started with TradingView Pinescript. Its coding language is easier. Learn the logic of coding. Then I went to forums and start with some EAs that are simple and shared. And learn the grammar of MQL5, apply some logics used in TradingView. I started in Jun (you probably remember our first communication). Now TBH I am pretty weak at some functions like FOR loop, but I use reference numbers, nested IF, and built in indi functions of MQL5, I could code pretty much every strategies I can think of, the rules, gating for spread/slippage...
If the end game is to learn to program indicators and EAs for MT4, then I would not point someone at TradingView and Pinescript -- for the simple reason they are forced to learn a new platform (TradingView) at the same time they are learning to program (Pinescript). Yes -- Pinescript includes the usual programming constructs, but in the end it is useless for MT4. MQL4 is not difficult -- and what you learn is *immediately* applicable in a trading platform (MT4) that you are already familiar with. If the goal is to get from A-to-B then I would almost always recommend taking the direct route -- unless someone has a lot of time on their hands and prefers the scenic route and smelling the flowers along the way...
  • #115,146
  • Jan 16, 2021 10:55pm Jan 16, 2021 10:55pm
Quoting robots4me
{quote} If the end game is to learn to program indicators and EAs for MT4, then I would not point someone at TradingView and Pinescript -- for the simple reason they are forced to learn a new platform (TradingView) at the same time they are learning to program (Pinescript). Yes -- Pinescript includes the usual programming constructs, but in the end it is useless for MT4. MQL4 is not difficult -- and what you learn is *immediately* applicable in a trading platform (MT4) that you are already familiar with. If the goal is to get from A-to-B then I...
I migrated over to thinkorswim. Thinkscript is too easy!
If you are good at something, never do it for free--Joker
  • #115,147
  • Jan 16, 2021 11:01pm Jan 16, 2021 11:01pm
Quoting robots4me
{quote} @darlight20 -- that's great to hear. I've been developing software for > 30 years, so my path to learning MQL4 would be different than yours. However, there is something even better than learning from books -- online courses. I would recommend Udemy. I have zero affiliation. I've taken numerous classes and most have been great. And they do have a wide selection of introductory to intermediate classes on programming in MQL4. You'll never regret learning a programming language -- and learning to program in MQL4 opens lots of doors, especially...
Thanks I will give it a try
  • #115,148
  • Jan 16, 2021 11:22pm Jan 16, 2021 11:22pm
Quoting jmn5611
{quote} I migrated over to thinkorswim. Thinkscript is too easy!
Hi @jmn5611 -- I'm not familair with thinkorswim. I just now browsed their web site. The two things I was looking for but couldn't find were: (1) where do they get their data, and (b) does it integrate with MT4 or do you have to use "their" platform -- whoever "their" is. Is it a TD Ameritrade tool? And, if so, nothing wrong with that. However, as a US client one is then bound by NFA and I've found my strategies often hit their head against that wall.

@jmn5611 -- you know what FF is missing? A thread that discusses the pros / cons of NFA. I'd bet there would be some "fun" comments from US traders. And you'd be the perfect OP...
  • #115,149
  • Jan 17, 2021 12:13am Jan 17, 2021 12:13am
Quoting robots4me
{quote} Hi @jmn5611 -- I'm not familair with thinkorswim. I just now browsed their web site. The two things I was looking for but couldn't find were: (1) where do they get their data, and (b) does it integrate with MT4 or do you have to use "their" platform -- whoever "their" is. Is it a TD Ameritrade tool? And, if so, nothing wrong with that. However, as a US client one is then bound by NFA and I've found my strategies often hit their head against that wall. @jmn5611 -- you know what FF is missing? A thread that discusses the pros / cons of NFA....
Ah the NFA.

War is Peace, Ignorance is Strength, Freedom is Slavery!
If you are good at something, never do it for free--Joker
  • #115,150
  • Jan 17, 2021 4:28am Jan 17, 2021 4:28am
Quoting robots4me
{quote} If the end game is to learn to program indicators and EAs for MT4, then I would not point someone at TradingView and Pinescript -- for the simple reason they are forced to learn a new platform (TradingView) at the same time they are learning to program (Pinescript). Yes -- Pinescript includes the usual programming constructs, but in the end it is useless for MT4. MQL4 is not difficult -- and what you learn is *immediately* applicable in a trading platform (MT4) that you are already familiar with. If the goal is to get from A-to-B then I...

MQL4 is similar to C language. If someone is completely new to programming, the mindset is not primed yet. Pinescript is a little bit higher level progamming language. Once one can think in programming logic, then switching to MQL 4 is simply a syntax switch it is faster to learn coding from a high level language and move down

plus MQL4 is not as easy for chart visualization, I used TV to manual backtest and double confirm MT4 backtest which is not that accurate.

lastly, I started from scratch from TV and switched to MT4. Learning basics took 6 weeks and transition to MT4 was about 2 weeks. I think it is worth considering esp for discretionary traders.
  • #115,151
  • Jan 17, 2021 6:16am Jan 17, 2021 6:16am
I believe Starting with the Main rules will give an edge.
If you look for simplification Just follow 6 rules. You will see the edge in your EA.
If wants to improve a little bit more you can add more things.
Rules (strategy, entry, exit)
Main rules:
1. EA opens a trade
a. sell, if price touches upperBB //mean-reversal strategy
b. buy, if price touches lowerBB
2. open at the same time a hedge trade (in opposite direction)
3. if trade goes in loss, TP of hedge trade is triggered
4. if trade goes further in loss, trade hits SL
5. but if trade goes back to entry, then enter a new hedge trade (with same entry, TP, SL).
6. if trade goes further in profit, trade hits TP.

Make an EA with this, I think now it is very very simple and easy to code.
MA provides the market's current direction and strength.
  • #115,152
  • Jan 17, 2021 6:27am Jan 17, 2021 6:27am
Quoting hasib
I believe Starting with the Main rules will give an edge. If you look for simplification Just follow 6 rules. You will see the edge in your EA. If wants to improve a little bit more you can add more things. Rules (strategy, entry, exit) Main rules: 1. EA opens a trade a. sell, if price touches upperBB //mean-reversal strategy b. buy, if price touches lowerBB 2. open at the same time a hedge trade (in opposite direction) 3. if trade goes in loss, TP of hedge trade is triggered 4. if trade goes further in loss, trade hits SL 5. but if trade goes back...
"Make an EA with this, I think now it is very very simple and easy to code."

Yes -- I agree. And if you begin learning MQL4 today then you will have your EA by June...
  • #115,153
  • Edited 7:50am Jan 17, 2021 7:24am | Edited 7:50am
Quoting hasib
Main rules: 1. EA opens a trade a. sell, if price touches upperBB //mean-reversal strategy b. buy, if price touches lowerBB

I hope this is just an illustration.

1.a and 1.b are very dangerous ways to trade. I can tell this easily, I'm watching the charts for hours each day with bollinger bands attached on it.
The creator of bollinger bands warns about it, only by itself is very dangerous so an EA based on that can quickly ruin any account given.
It can be used that way, but with many other confirmations.

https://www.bollingerbands.com/bollinger-band-rules

See Rule No. 6 and 7
  • #115,154
  • Jan 17, 2021 7:53am Jan 17, 2021 7:53am
Quoting hasib
I believe Starting with the Main rules will give an edge. If you look for simplification Just follow 6 rules. You will see the edge in your EA. If wants to improve a little bit more you can add more things. Rules (strategy, entry, exit) Main rules: 1. EA opens a trade a. sell, if price touches upperBB //mean-reversal strategy b. buy, if price touches lowerBB 2. open at the same time a hedge trade (in opposite direction) 3. if trade goes in loss, TP of hedge trade is triggered 4. if trade goes further in loss, trade hits SL 5. but if trade goes back...
Simple to code, then I also agree with Robot you can do it yourself.

No proof of this strategy being profitable, nobody would spend time on things of no value to them. If you hire someone they can code this EA out of incentive of earning something. Freebie EA tends to be written casually and with bugs, and debugging or losing money because of bugs, is the most expensive opportunity cost.
  • #115,155
  • Jan 17, 2021 9:08am Jan 17, 2021 9:08am
Quoting hasib
This is a profitable trading strategy. I share it here People could make an EA with this. Those how can't code like me Can use this in their Manual trading. I expect some expert coder will code it and share it here so that other traders get the benefits from this free but Valuable system. If anyone could code it appropriately It should generate profit. Rules (strategy, entry, exit) Main rules: 1. EA opens a trade a. sell, if price touches upperBB //mean-reversal strategy b. buy, if price touches lowerBB 2. open at the same time a hedge trade (in...
If you already have this detailed system that you claim is profitable, then why aren't you simply trading it manually in the FTMO challenge and already have a funded account with them?????
To free Gazans of Hamas, use whatever it takes.
  • #115,156
  • Jan 17, 2021 12:24pm Jan 17, 2021 12:24pm
Quoting DrDave
{quote} If you already have this detailed system that you claim is profitable, then why aren't you simply trading it manually in the FTMO challenge and already have a funded account with them?????
Today I have done my gold analysis for the next week.
you said you can't do IMT analysis without a chart. so I post this 5TF chart do some IMT analysis.
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MA provides the market's current direction and strength.
  • #115,157
  • Jan 17, 2021 12:46pm Jan 17, 2021 12:46pm
Quoting DrDave
{quote} If you already have this detailed system that you claim is profitable, then why aren't you simply trading it manually in the FTMO challenge and already have a funded account with them?????
@DrDick/@ivan9578/@DrDave -- and what business is that of yours? Do you want him to pull down his pants and bend over, as well, so you can get a better peak?
  • #115,158
  • Jan 17, 2021 1:23pm Jan 17, 2021 1:23pm
Quoting hasib
{quote} Today I have done my gold analysis for the next week. you said you can't do IMT analysis without a chart. so I post this 5TF chart do some IMT analysis. {image} {image} {image} {image} {image}
You posted only the standard Mt4 TFs. There are many missing intermediate TFs, so no analysis will be done without them.

I am not like the people that lock their vision to the H4 as their "master" TF and use only the scant default MT4 TFs. I use a complete series of TFs with dynamic "control" and "focus" TFs.

If you want an IMT-based analysis for next week (and even beyond), check here.
To free Gazans of Hamas, use whatever it takes.
  • #115,159
  • Jan 17, 2021 1:27pm Jan 17, 2021 1:27pm
Quoting robots4me
{quote} @DrDick/@ivan9578/@DrDave -- and what business is that of yours? Do you want him to pull down his pants and bend over, as well, so you can get a better peak?
What was that?? You sound very muffled. Ohhhh, now i see. YOU already got his pants down ...
To free Gazans of Hamas, use whatever it takes.
  • #115,160
  • Jan 17, 2021 2:19pm Jan 17, 2021 2:19pm
Quoting DrDave
{quote} You posted only the standard Mt4 TFs. There are many missing intermediate TFs, so no analysis will be done without them. I am not like the people that lock their vision to the H4 as their "master" TF and use only the scant default MT4 TFs. I use a complete series of TFs with dynamic "control" and "focus" TFs. If you want an IMT-based analysis for next week (and even beyond), check here.
@DrDick/@ivan9578/@DrDave -- still promoting your IMT Academy and those funky TFs? Have you taken it commercial yet? Oh right -- not yet, not enough traffic to your thread so you come here hoping to generate some.

@DrDick/@ivan9578/@DrDave -- do you recall your recent post where you dug up a 2-year old post from @Tekkies and tried to fool us and pretend it was a recent one? You know, @Tekkies post from January 13, 2019 that you responded to on January 13, 2021. You must have been chuckling to yourself until you got exposed, again, as a fake.

@DrDick/@ivan9578/@DrDave -- you may have thought your IMT Academy thread was dead, but with your most recent post, pretending to respond to @Tekkies, you can rest assured you've hammered the final nails into the coffin. Searching back 2 years to find an old post from January, 13 2019 and trying to make it appear as though it was a recent comment from January 13, 2021 should be evidence enough for anyone you are a deceiver and a fake. Even your lone groupie, @mosiskv, is afraid to touch your comments out of fear of being associated with you.

@DrDick/@ivan9578/@DrDave -- by now everyone must be aware of your use of fake aliases. And your use of historical charts with fake trades. And your use of multiple, funky time frames that no one has a clue WTF you mean. And your faux concern about BigE. And your stabbing @Tekkies in the back. Can you really imagine anyone taking anything you say seriously? I understand we are surrounded by idiots and those are the people you feed on -- but, really, you believe there are still more of us out there who can be fooled?
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