Metatrader 5 / Metatrader 4 for MQL5 / MQL4 articles preview

MQL5 Wizard allows the rapid construction and deployment of expert advisors by having most of the menial aspects of trading pre-coded in the MQL5 library. This allows traders to focus on their custom aspects of their trading such as special entry and exit conditions. Included in the library are some entry and exit signal classes like signals of 'Accelerator Oscillator' indicator, or signals of 'Adaptive Moving Average' indicator and many others. Besides being based on lagging indicators for most traders they may not be convertible to successful strategies. This is why the ability to create your own custom signal is essential. For this article we will explore how this can be done with regression analysis.

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Sometimes, when developing some projects, we may find new ideal and new possible features that can come in handy and provide a big improvement to the system we are creating. But the question arises: what is the easiest way to implement the new functionality?

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• Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap
• Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
• Multiple indicators on one chart (Part 06): Turning MetaTrader 5 into a RAD system (II)
• Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)
• Multiple indicators on one chart (Part 03): Developing definitions for users
• Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor
• Multiple indicators on one chart (Part 02): First experiments

Welcome to a new article in our series which can learn through it how to design a trading system by the most common technical indicators. In this article, we will learn a new technical tool in detail that can be used in our favor to learn how to create a simple trading system based on simple strategies based on the main concept or idea of this indicator.

We will cover this indicator through the following topics:

1. Ichimoku definition
2. Ichimoku strategy
3. Ichimoku strategy blueprint
4. Ichimoku trading system
5. Conclusion

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A decision tree is a type of supervised Machine Learning technique used to categorize or make predictions based on how a previous set of questions were answered. A model is a form of supervised learning, meaning that the model is trained and tested on a set of data that contains the desired categorization.

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• Data Science and Machine Learning (Part 01): Linear Regression
• Data Science and Machine Learning (Part 02): Logistic Regression
• Data Science and Machine Learning part 03: Matrix Regressions
• Data Science and Machine Learning (Part 04): Predicting Current Stock Market Crash
• Data Science and Machine Learning (Part 05): Decision Trees

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In the previous part, we created a basic system which enables the use of templates within a floating window. Although we have made many changes, the code is not yet finished. This has been done intentionally in order to keep the explanation simple, because while the use of templates in floating widows is rather simple, the use of objects is something much more complicated. So, be ready for a completely new job.

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• Developing a trading Expert Advisor from scratch (Part 9): A conceptual leap (II)
• Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap
• Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
• Multiple indicators on one chart (Part 06): Turning MetaTrader 5 into a RAD system (II)
• Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)
• Multiple indicators on one chart (Part 03): Developing definitions for users
• Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor
• Multiple indicators on one chart (Part 02): First experiments

A trading EA can be truly useful only if it can use custom indicators; otherwise, it is just a set of codes and instructions, which can be well designed, assist in managing positions or executing market deals, and that's probably all.

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• Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicators
• Developing a trading Expert Advisor from scratch (Part 9): A conceptual leap (II)
• Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap
• Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
• Multiple indicators on one chart (Part 06): Turning MetaTrader 5 into a RAD system (II)
• Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)
• Multiple indicators on one chart (Part 03): Developing definitions for users
• Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor
• Multiple indicators on one chart (Part 02): First experiments

There is one type of assets that makes traders' life very difficult for traders — it is the futures contracts. But why do they make life difficult? When a financial instrument contract expires, a new contract is created which we then trade. Actually, upon contract expiration, we need to finish any its analysis, save everything as a template and import this template into a new contract to continue the analysis. This is a common thing for anyone trade this type of asset, but even futures contracts have some history, and using this history, we can analyze them on an ongoing basis.

Professional traders like to analyze certain past information, in which case a second chart is needed. Now, there is no need to have the second chart if we use the appropriate tools. One of such tools is the use of the cross order system.

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• Developing a trading Expert Advisor from scratch (Part 11): Cross order system
• Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicators
• Developing a trading Expert Advisor from scratch (Part 9): A conceptual leap (II)
• Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap
• Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
• Multiple indicators on one chart (Part 06): Turning MetaTrader 5 into a RAD system (II)
• Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)
• Multiple indicators on one chart (Part 03): Developing definitions for users
• Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor
• Multiple indicators on one chart (Part 02): First experiments

Tape Reading is a trading method used by some traders at various stages of trading. This method is very effective and, when used correctly, it provides a stable profit growth in a safer and more consistent way than when using the well-known Price Action, which is pure candlestick observation. However, the use of Tape Reading in its currently presented form is a very complex and tedious process which requires constant concentration of attention. Over time, we inevitably begin to make mistakes in observation.

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• Developing a trading Expert Advisor from scratch (Part 13): Time and Trade (II)
• Developing a trading Expert Advisor from scratch (Part 12): Times and Trade (I)
• Developing a trading Expert Advisor from scratch (Part 11): Cross order system
• Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicators
• Developing a trading Expert Advisor from scratch (Part 9): A conceptual leap (II)
• Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap
• Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
• Multiple indicators on one chart (Part 06): Turning MetaTrader 5 into a RAD system (II)
• Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)
• Multiple indicators on one chart (Part 03): Developing definitions for users
• Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor
• Multiple indicators on one chart (Part 02): First experiments

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In the previous article "Times & Trade (I)" we discussed an alternative chart organization system, which is a prerequisite for creating an indicator enabling the quickest possible interpretation of deals executed in the market. But we have not completed this system: it still lacks the ability to show how you can access certain information, and such access would help to better understand what is happening. Such information cannot be presented directly on the chart. Actually, such presentation could be implemented, however the interpretation would be very confusing. Therefore, it is best to have the data represented in a classical way, i.e. values in text format. Our Expert Advisor does not have a system capable of performing this task. So, we need to implement it.

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• Developing a trading Expert Advisor from scratch (Part 13): Time and Trade (II)
• Developing a trading Expert Advisor from scratch (Part 12): Times and Trade (I)
• Developing a trading Expert Advisor from scratch (Part 11): Cross order system
• Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicators
• Developing a trading Expert Advisor from scratch (Part 9): A conceptual leap (II)
• Developing a trading Expert Advisor from scratch (Part 8): A conceptual leap
• Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
• Multiple indicators on one chart (Part 06): Turning MetaTrader 5 into a RAD system (II)
• Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)
• Multiple indicators on one chart (Part 03): Developing definitions for users
• Multiple indicators on one chart (Part 04): Advancing to an Expert Advisor
• Multiple indicators on one chart (Part 02): First experiments

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The idea behind the interface is to scroll the indicator period with the mouse wheel directly from the chart without going into the settings. We are going to use the button to activate the scrolling mode.

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