We stick to this format for this article, where we go over pattern by pattern for the parabolic SAR before concluding with a test run that combines multiple patterns as we did in the last articles. The parabolic SAR is computed almost independently with each new bar, since some of the parameters that go into its formula need to be adjusted, as we will see below. This trait, though, makes it very sensitive to price changes and trends in general, which in turn makes the case for its use within a custom ...
In this article we will create the zone recovery martingale forex trading strategy expert advisor (EA) in MetaQuotes Language 5 (MQL5) for MetaTrader 5 (MT5) step by step. The zone recovery martingale strategy is a common strategy that is oriented to counter loosing positions by opening opposite positions with a slightly greater trading volume that cancels the losing positions. It is basically a trend following strategy that does not care about the direction of the market, with the hope that ...
Germany's factory orders declined at a faster-than-expected pace in August. Incoming new orders contracted 5.8 percent on a monthly basis in August, reversing July's upwardly revised 3.9 percent expansion. Orders were expected to fall 1.9 percent. Further, this was the steepest decline since January. Excluding large orders, new orders dropped 3.4 percent from July. more...
UK house prices rose at the fastest annual rate in almost two years in September due to base effects. The house price index rose 4.7 percent year-on-year in September, faster than the 4.3 percent rise in August. Further, this was the steepest increase since November 2022. On a month-on-month basis, house prices rose at a stable rate of 0.3 percent in September. more...
From the beginning of this article series, our emphasis has been on aligning our experts with the prevailing sentiment of the daily (D1) candles. The shape of the daily candle has served as the primary guiding feature. However, we needed to scale down to lower timeframes to identify entry levels within the D1 market. For example, at the M1 timeframe, we wanted the market to reach extreme levels on the Relative Strength Index (RSI) to signal potential trades for the Expert Advisor. At this ...
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