Throughout the entire series, we addressed the topic of risk control several times. The concepts of a normalized trading strategy were introduced, the parameters of which ensure that a drawdown level of 10% is achieved during the test period. However, normalizing trading strategy instances, as well as groups of trading strategies, in this way can only provide a given drawdown over a historical period. We cannot be sure that the specified drawdown level will be observed when starting a test ...
Principal Component Analysis (PCA) is the focusing on only the ‘principal components’ among the many dimensions of a data set, such that one is reducing the dimensions of that data set by ignoring the ‘non-principal’ parts. PCA though, with eigen values & vectors, take on a slightly deeper approach. Typically, data sets that are handled under PCA are in a matrix format and the principal components, that are sought from a matrix would be a single vector column (or row) that is ...
In this article, we will explore how to create an Expert Advisor (EA) in MetaQuotes Language 5 (MQL5) based on the Daily Range Breakout strategy. As traders continuously seek effective automated trading solutions, the Daily Range Breakout strategy offers a systematic approach that capitalizes on price movements beyond a defined range, making it an attractive option for Forex traders in MetaTrader 5. more...
Honor says its soon-to-be-released Magic 7 phone will handle your morning coffee order, tailored exactly to your taste, right down to the type of milk you prefer. The Chinese company released a demo video to the media on Tuesday showing a text-based interaction between a person and the device's AI assistant, Yoyo. The user requests the assistant to order him a pick-me-up beverage saying, "Please help me order a drink. I am feeling a little sleepy." The AI assistant then goes on to launch ...
We have already implemented a lot of interesting things in the previous articles. We have a trading strategy or several trading strategies that we can implement in the EA. Besides, we have developed a structure for connecting many instances of trading strategies in a single EA, added tools for managing the maximum allowable drawdown, looked at possible ways of automated selection of sets of strategy parameters for their best work in a group, learned how to assemble an EA from groups of strategy ...
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