mql5

Elder-Ray trading system was described by Alexander Elder in his book "Trading for a Living". It is based on Bulls Power and Bears Power oscillators, as well as Moving Average trend-following indicator (EMA — exponential averaging).


The system is both simple and complex:

• it is simple if we perceive it literally: buy if a trend is upwards (EMA) and Bears Power is below zero, but is increasing;
• it is complex, if

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It is unrealistic to launch this type of process each week manually, so we looked for an existing mechanism to perform repetitive tasks but without success (for MetaTrader 5) so we developed this one.

The implementation of this process requires a minimum knowledge of MetaTrader 5, its optimization mechanisms and programming.
Thanks to Igor Malcev who write the article "Automated Optimization of a Trading Robot in Real Trading" for ...

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Contents

• Introduction
• 1. Strategies combining principles
• 2. Developing the Expert Advisor
• 2.1. Method 1
• 2.2. Method 2
• 2.3. Method 3
• 3. Testing Expert Advisors
• 3.1. Testing method 1
• 3.2. Testing method 2
• 3.1. Testing method 3
• 4. Optimizing strategies
• 4.1. Optimizing method 1
• 4.2. Optimizing method 2
• Conclusion

There are numerous trading strategies out there. Some of them look for a trend, while others

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Almost a thousand web resources around the world feature the Economic Calendar widget. Among them are brokerage websites, popular financial media, analytical portals and trader blogs. The service allows sorting of macroeconomic events by their importance, country and time interval, while being legally burden-free — you do not have to worry about licensing risks.

The MetaQuotes offer is valid for owners and webmasters of any resource. To ...

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Contents

• Introduction
• Selecting the indicator
• Modifying the RSI indicator
  
  • The first version. Adding signal buffers
  • The second version. Adding buffers of signal counters
  • The third version. Increasing the number of signals, eliminating skips
  • The fourth version. Moving the indicator to the main chart window
    
    • Determining a true bar
    • Adding the ATR indicator
    • Signal filtering in the RSI indicator
    
    
  • The fifth version. Universal RSI indicator for working in two directions simultaneously

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