Discover how to leverage Markov Chains to optimize RSI-based trading strategies in MetaTrader 5. This article explores transforming state definitions from moving averages to Relative Strength Indicator (RSI) values, showing how to build custom Markov Chains for adaptive trading rules. Learn how this statistical approach dynamically adjusts based on your market data, offering tailored insights for different assets. By employing a transition matrix, gain a sophisticated understanding of market trends, enhancing decision-making accuracy. Follow along to see the practical development of an MQL5 Expert Advisor and the testing of this probabilistic model against deep learning methods. Ideal for traders and developers seeking advanced algorithmic solutions.
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