In my previous article we looked at the main programs that are used by MQL5 programmers (and came to the conclusion that the MetaEditor IDE is well suited for beginner needs). In addition, we took a quick look at the concept of a function and created a simple script that prints a message in the system log. These messages can be viewed at the bottom of the terminal window in the Experts tab. Now we come to the point that this data must be stored somewhere. Today we will ...
A quick refresher for the previous article in the News Trading Made Easy series. In part 1, we went through the concept of DST(Daylight Savings Time) and the various versions for different countries that essentially change their time zones by an hour ahead and behind during a financial year. This will change trading schedules for the related brokers using DST. The reasons for creating a database and the benefits were addressed. A database was created to store the news events from the MQL5 Economic Calendar ...
Smart Money Concepts (SMC) and Order Blocks are critical areas on the chart where institutional traders typically execute large buying or selling orders. These zones often mark the origins of significant price movements, making them vital for traders seeking to align their strategies with institutional market activity. Understanding how these key levels influence price action can provide retail traders with more profound insight into the underlying market dynamics, allowing them to anticipate ...
Self-optimization algorithms for trading strategies include parameter optimization, evolutionary algorithms, heuristic methods, gradient-based techniques, machine learning, and simulation-based optimization. Each has unique pros and cons, tailored for different trading needs and market conditions. Python programs are an excellent tool to try ideas, create graphics quickly and confirm theoretical statements with historical trading data. Python allows to develop and adjust models agilely, ...
Now, we'll explore the remaining array functions in Part 6, which will guarantee that you have a thorough understanding of these useful tools. Our objective is still to cover the basic ideas required for automating trading strategies, regardless of your experience level as a developer or level of familiarity with algorithmic trading. Our goal in delving into the nuances of these functions is to promote a comprehensive comprehension so that each reader can competently traverse the ever-changing terrain ...
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