The 3rd Generation Moving Average is an enhanced version of the standard moving average for MetaTrader, aimed at reducing lag through a longer MA period. Originally outlined by M. Duerschner in "Gleitende Durchschnitte 3.0," it uses λ = 2 for optimal lag reduction. It's available for both MT4 and MT5 platforms without the need for DLLs. Parameters include MA_Period (default of 50), MA_Sampling_Period (default of 220), MA_Method (set to MODE_EMA), and MA_Applied_Price (set to PRICE_TYPICAL). The indicator provides a responsive alternative to the conventional EMA, with a faster reaction to price changes, although it may still generate false signals. It functions similarly to a standard moving average for identifying trend directions.
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The Aroon Up & Down indicator assists in identifying local tops and bottoms on currency pair charts. Designed for MetaTrader platforms, it offers trading signals for buying and selling based on the position of its lines. A crucial signal is when the indicator lines cross, suggesting an optimal moment to either secure profits or limit losses. This indicator can also notify users through sound and email alerts, if configured. Compatible with both MT4 and MT5, it features adjustable parameters like AroonPeriod, influencing the number and frequency of signals by varying the period length. Adjusting MailAlert and SoundAlert parameters determines the method of alert notification. Trading becomes straightforward by monitoring line positions with respect to the middle range.
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The 3rd Generation Moving Average introduces enhancements over the traditional moving average (MA) indicator used in MetaTrader platforms. By integrating a straightforward lag-reducing mechanism based on an extended MA period, this indicator improves responsiveness to price shifts. Authored by M. Duerschner, the approach utilizes λ = 2, optimizing lag reduction without necessitating DLL support. This tool is operational on both MT4 and MT5. Key input parameters include MA_Period (default 50), which dictates the moving average period, and MA_Sampling_Period (default 220), which should quadruple the MA_Period for efficacy. The MA_Method parameter defaults to MODE_EMA, while MA_Applied_Price is set to PRICE_TYPICAL. Notably, even with its improvements, the 3rd Gen MA can produce false signals and exhibit residual lag when assessing trend directions.
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The Daily Percentage Change indicator for MetaTrader provides traders with a view of currency rate fluctuations from the previous daily close, presented in percentage points on the main chart window. It also offers insights into weekly and monthly percentage changes. Customizable settings allow traders to assign different colors to positive or negative movements, along with an arrow for quick direction indication. A Time Shift parameter compensates for brokers using unconventional time zones. The indicator is compatible with both MT4 and MT5 platforms.

In terms of customization, the indicator lets users adjust various input parameters, including text and arrow positioning, font sizes, and color settings for up or down price movements. A notable feature is the ability to display changes in specified screen corners, with adjustments for both text and arrow...
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The Aroon Up & Down indicator for MetaTrader is a tool designed for identifying local tops and bottoms in applied charts. This aids traders in determining optimal points for buying and selling currency pairs. The indicator operates by signaling when currency pairs rise from bottoms or fall from tops. The intersection of the Aroon lines provides cues for profit-taking or minimizing losses. Both MT4 and MT5 platforms support this indicator, which can issue alerts via sound and email.

Configuration involves setting the AroonPeriod, typically defaulted to 14, which dictates the scope of chart bars reviewed for trend analysis. Adjusting the period affects the smoothness of output lines; longer periods yield smoother lines, while shorter ones increase signal frequency. MailAlert and SoundAlert options allow traders to personalize notification preferences, choo...
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The Gain/Loss Info MetaTrader indicator quantifies gains and losses when a specified threshold is exceeded. Calculations are expressed in points and percentages. This tool operates in two modes: the difference between candlestick Close and Open, or the difference between the current Close and previous Close. Customizable input parameters include PercentageLimit (default 1.0) which sets the minimum change for display in percentage points, and PointsLimit (default 1000), setting the minimum change in points. Users can modify the font color for positive and negative changes with DisplayGainColor and DisplayLossColor, set to green and red by default, respectively. The indicator is compatible with MT4 and MT5 platforms. Users can define the font face, size, and the maximum number of bars for calculation. An increased MaxBars value increases lag. The ObjectPref...
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Mathematical formulas are integral to price action analysis, especially in forex trading. In the South African market, traders often use a 50-day Simple Moving Average for trend detection and standard deviation for assessing volatility in the ZAR/USD pair. Position sizing and risk management calculations, incorporating set risk percentages and stop-loss distances, optimize risk management. This enhances profit targets through tools like Fibonacci retracements. The Heikin Ashi technique offers a novel approach for detecting trend reversals by filtering market noise for clearer trend insights. Developed by Munehisa Homma, it averages price data to present a smooth view of market dynamics, aiding traders globally in making informed decisions.
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The Gain/Loss Info indicator for MetaTrader platforms provides essential insights into price changes exceeding specified thresholds. It measures gains and losses in points and percentage, catering to two calculation modes: the difference between Close and Open, or between consecutive Closes. Customize the indicator's sensitivity with "PercentageLimit" and "PointsLimit" settings, adjusting which price changes get highlighted. Visual customization is possible; choose colors for gains and losses through "DisplayGainColor" and "DisplayLossColor". Control the scope of analysis with "MaxBars" and tailor font appearance with "FontFace" and "FontSize". The "ObjectPrefix" ensures seamless integration with other indicators. Compatible with both MT4 and MT5 platforms, enhancing your technical analysis toolkit.
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The Spread MetaTrader indicator is a tool for tracking the spread values in real-time directly on your trading chart. It dynamically updates with every tick, offering precise spread measurements, ideal for environments with variable spreads. Configurable features include font style, position, and spread normalization. Additionally, a spread label can be activated to show near the Bid line.

The indicator is compatible with MT4 and MT5 platforms. Key input parameters include UseCustomPipSize to define pip size, DecimalPlaces for rounding, and several alert configurations like AlertIfSpreadAbove for automatic notifications. Alerts can be set to trigger native popups, sound alerts, email, or push notifications. Users can tailor the indicator's appearance, choosing font size, color, and position on the chart. DrawTextAsBackground ensures the indicator does no...
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Financial market analysis continually seeks new methods, exploring even unconventional ones like astrology. William Gann popularized this approach, aiming to correlate celestial positions with market trends. Despite ongoing skepticism, some traders still explore financial astrology. Using Python with libraries like Skyfield for astronomical data and MetaTrader 5 for financial data, researchers attempt to combine ancient knowledge with modern technology.

In the process, data collection and synchronization are essential. Despite rigorous statistical analysis, no significant correlations between planetary movements and market prices were found. Machine learning models like CatBoost also failed to produce reliable predictions, confirming astrology's limited value in modern financial markets.

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Dive into Forex pattern analysis with Python and MetaTrader 5 for a systematic approach to identifying trading opportunities in currency markets. This article explores how to transform complex Forex market data into simpler trend indicators using an innovative algorithm for detecting repeating patterns. Key steps include setting up the Python environment, managing libraries like MetaTrader 5 and pandas, and connecting to trading platforms. The article explains processing OHLC data into directional patterns and building a comprehensive system for evaluating win rates and pattern frequencies. This analytical method offers practical forecasting tools for traders looking to enhance their algorithmic trading systems.

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In algorithmic trading, data discrepancies between brokers pose a major challenge due to decentralized pricing. This article explores these issues by comparing EURUSD data from two brokers using MetaTrader 5. It highlights significant differences in returns, risks, and market perspectives across brokers, affecting trading strategy outcomes. Developers must consider these variations when building and deploying applications across different brokers. The article suggests using ONNX for model integration in MQL5 to tailor AI models to specific brokers, ensuring consistent performance. Thorough understanding and customization are vital for reliable and effective trading strategies in the diverse landscape of forex markets.

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Introducing a new integrated approach for Forex trading calculations directly within the MetaTrader 5 platform. By embedding a Forex Values Calculator into the Trade Management Panel, traders can now perform essential calculations such as Position Size, Risk Amount, Pip Value, and Margin Requirement without leaving their trading terminal. This integration is facilitated by MQL5's robust GUI capabilities, ensuring that trade set-up is more streamlined and efficient.

The implementation includes adjusting the Trade Management Panel to house new control classes, utilizing ComboBox and DatePicker components for intuitive user interaction. This approach minimizes the need to toggle between different applications, enhancing the overall trading workflow.

Testing phases confirm that the integration maintains accuracy and reliability, aligning with MetaTrader 5...

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A technical solution for financial chart analysis includes several key features. Firstly, dynamic watermarking provides real-time display of the current trading symbol and active timeframe. This feature also includes a clear description of the asset, ensuring all necessary information is visible without interfering with analysis.

Secondly, the responsive design automatically adjusts to screen resolution, repositioning centered elements as needed, and ensuring optimal readability in any MetaTrader 5 window size.

Customization is straightforward, with options to set watermark color using RGBA and adjust font size through an input parameter.

Efficiency is prioritized, with no reliance on buffers or technical plots, thereby minimizing resource consumption. The code remains modular and easy to integrate. Additionally, the tool supports full compatibility w...

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Traders who favor minimalistic charts can benefit from this lot size calculation script for Forex and CFD instruments. Choose between RiskByPercent for percentage-based risk or RiskByAmount for a fixed value. Enter your stop loss in pips suitable for 4-digit brokers; the script adapts for 5-digit brokers. If the calculated lot size falls below or above broker limits, the script adjusts to the nearest allowable value. Alerts provide details on the calculated lot size, risk amount, converted stop loss, and tick value. This tool aids in precise trade entry and can be customized or integrated with existing Expert Advisors for enhanced functionality.

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Discover how an innovative approach transforms Forex portfolio optimization by merging Markowitz's theory with the VaR methodology. Traditional Markowitz optimization struggles with Forex due to currency pair correlations, necessitating an adaptation. By integrating VaR constraints, the system dynamically controls risk through diverse market conditions. Leveraging Python with MetaTrader 5, the model accommodates the idiosyncrasies of Forex volatility and correlation, enhancing decision-making for position sizing. The cohesive use of historical, parametric, and Monte Carlo methods ensures a robust VaR calculation, pivotal to pristine risk assessment, ultimately refining trade execution by visually augmented analysis and comprehensive backtesting strategies.

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Attention to server time changeover discrepancies is critical for precise trading operations. The FOREX session spans 120 hours from Sunday 17:00 to Friday 17:00 EST. Challenges arise due to differing time change dates between regions, notably the USA and EU. The USA shifts on the second Sunday in March and the first Sunday in November. Conversely, the EU transitions on the last Sunday of March and October, leading to temporary differences in the usual time offset between regions such as London, Frankfurt, and Cyprus. These discrepancies should reflect in the adjusted timestamps for Forex sessions' start and end times. Issues have been observed with the first session hour consistently showing as Monday at 00:00, instead of adjusting to 23:00 Sunday after US time changes. A script has been developed to verify and log any inconsistencies in broker time changes...

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The article focuses on the All Sessions EA, a MetaTrader 5 tool designed to enhance understanding of global forex market sessions by visualizing them directly on trading charts. The EA aligns with broker server time, automatically drawing session boxes for Asia, Tokyo, London, and New York, providing clear differentiation without time zone confusion. It includes user-friendly features like on-chart toggles and real-time alerts for breakout events, aiding traders in assessing volatility shifts. The modular, event-driven design ensures efficient resource usage and intuitive interaction, offering both beginner and experienced traders a detailed, real-time map of trading activity worldwide.

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Developers exploring Forex market dynamics can now leverage an innovative tool that visualizes market sessions using MQL5. This project involves creating session-based candlesticks that mirror traditional timeframe analysis, allowing traders to identify session-specific behaviors, such as liquidity peaks and sentiment transitions. The core lies in a CSessionVisualizer class, which independently defines and visualizes global trading sessions with candlestick-like graphics. This tool has been designed for easy integration into larger systems, like the Market Periods Synchronizer EA. By illustrating overlapping sessions, it provides unique insights into market rhythms, enhancing traders' understanding of time and price dynamics in Forex markets.

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