Table of Contents IntroductionGeneral What Are Overbought/Oversold Zones in terms of the Process DynamicsOn Accuracy in Detecting the Overbought/Oversold ZonesConsequences of Entering the Market When in the Overbought/Oversold ZoneEvaluating Losses Related to the Risk of Opening a Position in Overbought/Oversold ZonesConsequences of Exiting the Market When in the Overbought/Oversold Zone Pros and Contras of Using Conventional Indicators to Detect Overbought/Oversold Zones ...
Contents IntroductionFormulation of the problemRevising the application structureConclusion We have previously created the basic functionality, which is designed to assist the traders who prefer manual trading. We mainly focused on convenient work related to order placing, and thus most of the functions were related to market entries. However, any trading strategy, whether it be manual or automatic, should have three main ...
Account Watch - Control entries - indicator for MetaTrader 5 If you can't watch your statistics and your game plan at all time, your emotions will take control and you will start taking ENTRIES such as revenge trade especially when you lose it. So that is why I wanted to keep an eye on my stats and my game plan at all time, in order to control my emotions. I came up with this indicator that will allows me to keep an eye ...
New MetaTrader 5 Platform Build 2485: iCustom improvements and overall optimization in MQL5 The MetaTrader 5 platform update will be released on Friday, June the 5th, 2020. Recompile your products in the Market We urge the programmers who publish their products in the Market to recompile files using the new platform version and to upload the updated files into the Market. The current version provides important fixes concerning switch to the new LLVM compiler ...
Interesting indicators were coded for MQL5 CodeBase based on June 2020 TASC article "Correlation as a cycle indicator" by John Ehlers ---------------- In his June 2020 TASC article "Correlation as a cycle indicator" John Ehlers describes one possible way to determine trend in the markets. His article describes 3 possible ways of determining the trend and here we shall post all the 3 possible ways. Correlation market state - indicator for ...
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