Taking a closer look at the Group Method of Data Handling (GMDH), an inductive set of algorithms operating automatically to optimize data models. Its innovative approach uncovers relationships within variables, offering an efficient way to handle data modeling. With roots in the combinatorial algorithm (COMBI), the combinatorial selective algorithm (MULTI), the multilayered iterative algorithm (MIA) and the relaxation iterative algorithm (RIA), this GMDH framework seamlessly integrates with MQL5.
Digging into the mechanics of GMDH, it's impressive to note the use of auto-generated data-driven models, crafted and fine-tuned, reducing the need for manual intervention. Optimization is carried out via a series of increasingly complex models, where variables are iteratively selected and combined. Resulting models that can depict complex relationships between numerous input variables, clea...
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Digging into the mechanics of GMDH, it's impressive to note the use of auto-generated data-driven models, crafted and fine-tuned, reducing the need for manual intervention. Optimization is carried out via a series of increasingly complex models, where variables are iteratively selected and combined. Resulting models that can depict complex relationships between numerous input variables, clea...
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Crafting a robust trading strategy requires an innovative approach often overlooked by mainstream market participants: the integration of alternative data, particularly from sources like the St. Louis Federal Reserve Bank and their comprehensive econometric time-series database, FRED. Pairing alternative data with machine learning techniques provides unique insights and perspective that can give an undeniable competitive edge.
Consider the use of data from the St. Louis Fed as leading indicators, which can be beneficial for timing market entries and exits. This data source's immunity to external manipulation makes it a reliable candidate for strategic integration.
One of the many practical examples is the strategic use of satellite imagery by advanced traders to monitor shipping traffic patterns or observe inventory levels of oil tankers. These unique data points unearth previously...
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Consider the use of data from the St. Louis Fed as leading indicators, which can be beneficial for timing market entries and exits. This data source's immunity to external manipulation makes it a reliable candidate for strategic integration.
One of the many practical examples is the strategic use of satellite imagery by advanced traders to monitor shipping traffic patterns or observe inventory levels of oil tankers. These unique data points unearth previously...
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A code sample offers a profound vision of trail stop loss implementation. It offers a glimpse into practical coding scenarios, although it's not recommended for direct incorporation into your projects. Instead, it should be used purely as a reference guide to assist programmers in understanding the associated concepts. Please note, this was primarily uploaded as a personal backup. It should reinforce much-needed practical knowledge of trail stop loss codes for those interested. This sample code is a testament to the practical applications in complex programming scenarios.
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In this analytical study, an attempt has been made to overcome the challenge traders often face while using built-in terminal indicators tailored to suit their particular trading styles. This has been achieved by leveraging the iCustom function to create custom indicators based on individual preferences. A practical example exhibited the creation of a custom Heiken Ashi technical indicator, further employed in trading system instances.
The process covered includes the Definition of Custom Indicator and Heiken Ashi, the creation of a Simple Heiken Ashi indicator, and using the indicator for EA. The MQL5 (MetaQuotes Language), a component of the MetaTrader 5 trading platform, has been employed to develop the indicator codes that coordinate the programming language.
Additionally, a clear distinction is made between the Heiken Ashi candlestick charting method, utilized for market move...
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The process covered includes the Definition of Custom Indicator and Heiken Ashi, the creation of a Simple Heiken Ashi indicator, and using the indicator for EA. The MQL5 (MetaQuotes Language), a component of the MetaTrader 5 trading platform, has been employed to develop the indicator codes that coordinate the programming language.
Additionally, a clear distinction is made between the Heiken Ashi candlestick charting method, utilized for market move...
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For experienced developers interested in integrating trading signals with their Telegram channels, there is a method where one creates their robot using BotFather. By incorporating a telegram token and chat ID, the trades are converted into signals, providing real-time updates on your Telegram channel.
These elements, 'telegram token' and 'chat ID', will need to be manually sourced. However, information on successfully procuring them can easily be found with a quick google search. Once obtained, incorporating them into the code requires a straightforward attach process. This integration will allow continuous feed of all trades as signals to your Telegram channel, thus offering immediate updates regarding any particular trade's status.
This setup has the potential to greatly increase efficiency and effectiveness when monitoring trades. It efficiently bridges the gap between trading i...
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These elements, 'telegram token' and 'chat ID', will need to be manually sourced. However, information on successfully procuring them can easily be found with a quick google search. Once obtained, incorporating them into the code requires a straightforward attach process. This integration will allow continuous feed of all trades as signals to your Telegram channel, thus offering immediate updates regarding any particular trade's status.
This setup has the potential to greatly increase efficiency and effectiveness when monitoring trades. It efficiently bridges the gap between trading i...
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Continuing on the exploration of reinforcement learning methods, some key points stand out in the examination of convolutional models and relational models, focusing on their applications in processing data from computer games and real-world scenarios.
Convolutional models excel at tasks related to image recognition, largely untroubled by object placement on the scene or image distortions. Its expertise lies in the ease with which it can handle tasks involving ideal data conditions, notably ones with negligible noise or object distortions. Applications in computer games provide excellent datasets for these models, given the absence of noise or object distortions.
Contrastingly, relational models effectively handle less-than-ideal data conditions, replete with various noises and distortions. These models distinguish themselves by building dependencies between objects, thereby struct...
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Convolutional models excel at tasks related to image recognition, largely untroubled by object placement on the scene or image distortions. Its expertise lies in the ease with which it can handle tasks involving ideal data conditions, notably ones with negligible noise or object distortions. Applications in computer games provide excellent datasets for these models, given the absence of noise or object distortions.
Contrastingly, relational models effectively handle less-than-ideal data conditions, replete with various noises and distortions. These models distinguish themselves by building dependencies between objects, thereby struct...
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With regards to operation settings related to Expert Advisors (EA), several important factors need to be taken into consideration. These settings can directly influence EA actions.
To elaborate, when the parameter of Positive_Closure_in_Account_Currency surpasses present Equity amounts, trades will be executed instantly. Take for instance an Equity amount of $55,000 and the parameter of Positive_Closure_in_Account_Currency is set at $55,500. This condition will initiate immediate execution.
On the contrary, an immediate execution occurs when values of Negative_Closure_in_Account_Currency are less than the current Equity amount. For example, if Equity is set to $55,000 and Negative_Closure_in_Account_Currency is fixed at $54,500, immediate execution will follow.
Notably, spread spikes can be minimized by adjusting the spread number, while maintaining the understanding that the ma...
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To elaborate, when the parameter of Positive_Closure_in_Account_Currency surpasses present Equity amounts, trades will be executed instantly. Take for instance an Equity amount of $55,000 and the parameter of Positive_Closure_in_Account_Currency is set at $55,500. This condition will initiate immediate execution.
On the contrary, an immediate execution occurs when values of Negative_Closure_in_Account_Currency are less than the current Equity amount. For example, if Equity is set to $55,000 and Negative_Closure_in_Account_Currency is fixed at $54,500, immediate execution will follow.
Notably, spread spikes can be minimized by adjusting the spread number, while maintaining the understanding that the ma...
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The script "Hedge_Dollar_Index_Against_Forex_Pairs_V1.mq4" offers an innovative hedging strategy on DOLLAR.IDX/USD (USIDX) with proportions distributed among major Forex pairs - Euro (57.6%), Japanese yen (13.6%), Great Britain pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%) and Swiss franc (3.6%). This approach allows for a 100% position-size leverage in USDIDX with equivalent hedged values in respective Forex pairs.
For instance, in case of the Euro, the value of 1 pip equals $57.6, setting the position size at 576000. The GPBUSD and USDJPY follow with values of $11.9 and $13.6 for a single pip respectively, entailing position sizes of 119000 and 206060. The Sell positions in USDCAD, USDSEK and USDCHF direct the script flow with $9.1, $4.2 and $3.6 valued pip positions concurrently. The script also accommodates lot proportion flexibility with the Lot_Multiplier feature...
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For instance, in case of the Euro, the value of 1 pip equals $57.6, setting the position size at 576000. The GPBUSD and USDJPY follow with values of $11.9 and $13.6 for a single pip respectively, entailing position sizes of 119000 and 206060. The Sell positions in USDCAD, USDSEK and USDCHF direct the script flow with $9.1, $4.2 and $3.6 valued pip positions concurrently. The script also accommodates lot proportion flexibility with the Lot_Multiplier feature...
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In the constantly evolving realm of programming, effective error handling has a significant role in attaining maximum efficiency and optimal functionality. An invaluable tool in the programmer's arsenal, a script has been crafted, focusing on the deployment of error brake codes in myriad strategies.
Leveraging this comprehensive script, developers can proactively address unexpected outcomes, minimize disruptions, and ensure smoother operations. It serves as a roadmap for handling errors competently and dynamically in distinct strategic contexts. The judicious use of these codes has the potential to safeguard operations, ensure data integrity, and enhance overall system performance.
Remember, as a seasoned developer, the goal is not just to write code that works but to predict and handle errors effectively. Thus, this script serves as a guide for integrating error brake codes into va...
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Leveraging this comprehensive script, developers can proactively address unexpected outcomes, minimize disruptions, and ensure smoother operations. It serves as a roadmap for handling errors competently and dynamically in distinct strategic contexts. The judicious use of these codes has the potential to safeguard operations, ensure data integrity, and enhance overall system performance.
Remember, as a seasoned developer, the goal is not just to write code that works but to predict and handle errors effectively. Thus, this script serves as a guide for integrating error brake codes into va...
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Delving into the realm of computational algorithms, the Monkey Algorithm (MA) is a standout metaheuristic search algorithm with intriguing capabilities. Proposed by R. Zhao and W. Tang in 2007, MA takes inspiration from primate behavior, simulating monkeys climbing and jumping over mountains in search of food. This search landscape is, in essence, a fitness function landscape. The workings of MA involve gradual optimization, achieving local optimum solutions, and subsequently, undertaking a series of local random jumps around an optimum in search of a more promising optimum.
In its structural simplicity, MA is astoundingly reliable and proficient in searching for local optimum solutions. Predominantly employing an upward movement or climbing process, it offers excellent solutions for complex optimization issues characterized by non-linearity, high dimensionality, and non-differentiab...
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In its structural simplicity, MA is astoundingly reliable and proficient in searching for local optimum solutions. Predominantly employing an upward movement or climbing process, it offers excellent solutions for complex optimization issues characterized by non-linearity, high dimensionality, and non-differentiab...
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The "Forex Sessions Indicator" revolutionizes the manner in which Forex Market Sessions are highlighted. Adopting the local 'wall clock' trading hours, the application operates from 8:00 AM - 5:00 PM for each market, while in Sydney, it accommodates two time zones that run from 7:00 AM - 4:00 PM and 9:00 AM - 6:00 PM.
The application's standout features include the capability to draw colored rectangles signifying distinct Forex Market Sessions (Sydney, Tokyo, London, New York). Furthermore, it showcases accurate session timings on Forex pairs and gold charts. Note, Forex pairs trading commences at 17:00 NY while gold starts at 18:00.
Adopting vigilant measures, the indicator acknowledges the GMT offset alongside daylight savings concerning the broker's server, as well as time zones. Its precise time computations are conducted using the TimeZoneInfo library. It also adds a broker's c...
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The application's standout features include the capability to draw colored rectangles signifying distinct Forex Market Sessions (Sydney, Tokyo, London, New York). Furthermore, it showcases accurate session timings on Forex pairs and gold charts. Note, Forex pairs trading commences at 17:00 NY while gold starts at 18:00.
Adopting vigilant measures, the indicator acknowledges the GMT offset alongside daylight savings concerning the broker's server, as well as time zones. Its precise time computations are conducted using the TimeZoneInfo library. It also adds a broker's c...
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Expanding on the modus operandi of proprietary trading firms, the exploration of their trading metrics and practices can provide a foundation for individual traders striving for consistency and success. These firms offer an array of guidelines meant to manage risk, enhancing both stability and growth.
Appreciating the significance of proprietary trading, the realization that one must first excel with a demo account, to ensure optimum performance with real money, underscores the importance of experience.
With drawdown rules – both absolute and daily – forging a conception of balance protection is crucial. This is mirrored in the trailing drawdown rule based on the highest watermark level of balance or equity. It assures traders meet stringent requirements, without which, one runs the risk of an entire trading account dreadfully impacted.
Targeting basic profitability aligns with dr...
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Appreciating the significance of proprietary trading, the realization that one must first excel with a demo account, to ensure optimum performance with real money, underscores the importance of experience.
With drawdown rules – both absolute and daily – forging a conception of balance protection is crucial. This is mirrored in the trailing drawdown rule based on the highest watermark level of balance or equity. It assures traders meet stringent requirements, without which, one runs the risk of an entire trading account dreadfully impacted.
Targeting basic profitability aligns with dr...
Read more...
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Understanding the correlation between two trading instruments is paramount in forex trading. A gap in such correlation could be a signal to trade one pair against the other.
Consider a scenario where PipValue_A times Trading Position_A equals PipValue_B times Trading Position_B. Simply stated, the pip value multiplied by the position of one trading instrument equates to the pip value multiplied by the position of the second instrument.
This strategy discourages leaving the trading process unattended. Setting 'stop loss' and 'take profit' orders might not be a prudent move since one pair effectively trades against the other.
It's recommended to close profit positions and wait for new trading opportunities or close loss and hedge it against opposite orders to minimize the potential damage.
For instance, taking the Buy_AUD_Sell_NZD position negative, then executing Sell_AUD_Buy_NZD...
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Consider a scenario where PipValue_A times Trading Position_A equals PipValue_B times Trading Position_B. Simply stated, the pip value multiplied by the position of one trading instrument equates to the pip value multiplied by the position of the second instrument.
This strategy discourages leaving the trading process unattended. Setting 'stop loss' and 'take profit' orders might not be a prudent move since one pair effectively trades against the other.
It's recommended to close profit positions and wait for new trading opportunities or close loss and hedge it against opposite orders to minimize the potential damage.
For instance, taking the Buy_AUD_Sell_NZD position negative, then executing Sell_AUD_Buy_NZD...
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Reinforcement learning in modern IT often faces a delicate balance between exploring new practices and exploiting known solutions. When it comes to training models, laser-focused algorithms with superb online results can falter in offline capacities due to narrow acquired data about the environment. Broadening the environmental understanding of an Agent expands the potential for optimal solutions.
Now, consider the Exploratory Data for Offline RL (ExORL) method – a framework that transforms the data collection process. No new learning algorithms, no new model architectures; instead, five diverse learning methods evaluate the impact of the content of a training dataset on the final learning outcome. This method can be divided into stages: data collection, data relabelling, and model training.
The ExORL method indicates that diverse data can amplify the success of offline reinforcemen...
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Now, consider the Exploratory Data for Offline RL (ExORL) method – a framework that transforms the data collection process. No new learning algorithms, no new model architectures; instead, five diverse learning methods evaluate the impact of the content of a training dataset on the final learning outcome. This method can be divided into stages: data collection, data relabelling, and model training.
The ExORL method indicates that diverse data can amplify the success of offline reinforcemen...
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A new software developed by MetaQuotes Ltd in 2024 is designed to facilitate multiple buy and sell orders based on the strength of a currency pair. The software version is 1.01, and users can access it through the mql5 website.
This application simplifies trading operations, allowing users to easily manage trades in several currency pairs that include AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, and SGD.
The software is structured to provide a user-friendly experience, offering transparent inputs for setting lot size, buy and sell orders, and selecting preferred currency pairs. This design grants users substantial control over their trading arrangements.
MetaQuotes Ltd extends a warning highlighting the inherent risks associated with trading. Legal implications dictate that the company or the creator of this script is not responsible for any loss or damage incurred while using the soft...
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This application simplifies trading operations, allowing users to easily manage trades in several currency pairs that include AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, and SGD.
The software is structured to provide a user-friendly experience, offering transparent inputs for setting lot size, buy and sell orders, and selecting preferred currency pairs. This design grants users substantial control over their trading arrangements.
MetaQuotes Ltd extends a warning highlighting the inherent risks associated with trading. Legal implications dictate that the company or the creator of this script is not responsible for any loss or damage incurred while using the soft...
Read more...
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In the rapidly evolving financial markets, self-optimizing automated systems are becoming increasingly relevant. This shift is driven by the growing volatility of the digital age markets, largely due to the explosion of algorithmic trading, with high-frequency traders contributing to almost half of all trades in Europe and the USA.
The focal objective is to design bots that are not limited to specific symbols and can adapt to any trading environment. Contrary to certain notions, MQL5 emerges as an apt tool for developing such bots. Its API provides an array of matrix and vector functions, facilitating the construction of compact machine learning models.
An object-oriented programming approach adopted reduces undue coding repetition while enhancing adaptability. Opting for MQL5's matrix and vector capabilities over alternatives like ONNX and Python provides significant benefits inclu...
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The focal objective is to design bots that are not limited to specific symbols and can adapt to any trading environment. Contrary to certain notions, MQL5 emerges as an apt tool for developing such bots. Its API provides an array of matrix and vector functions, facilitating the construction of compact machine learning models.
An object-oriented programming approach adopted reduces undue coding repetition while enhancing adaptability. Opting for MQL5's matrix and vector capabilities over alternatives like ONNX and Python provides significant benefits inclu...
Read more...
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The implementation of hedged pending orders has become the primary approach in favor of Stop Loss orders in recent years. This notable shift in strategy has been made even easier thanks to scripts bound to keyboard shortcuts ALT+B and ALT+S, a practice that is well-integrated into many developers' workflows.
Commendably, these scripts have been made available for public use, offering users the valuable toolset adopted by senior developers. The scripts are covered by copyright laws, with detailed rights outlined on the MetaQuotes Ltd. platform.
The most updated version of the scripts—version 1.01—also contains explicit instructions, disclaimers, and responsible use guidelines. The usefulness of such scripts is notable; however, users are advised to employ them judiciously, given that the creator is not responsible for any potential losses or damages.
The script includes several vari...
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Commendably, these scripts have been made available for public use, offering users the valuable toolset adopted by senior developers. The scripts are covered by copyright laws, with detailed rights outlined on the MetaQuotes Ltd. platform.
The most updated version of the scripts—version 1.01—also contains explicit instructions, disclaimers, and responsible use guidelines. The usefulness of such scripts is notable; however, users are advised to employ them judiciously, given that the creator is not responsible for any potential losses or damages.
The script includes several vari...
Read more...
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The Harmony Search (HS) method, an innovative metaheuristic optimization algorithm, bases its principles on musical improvisation and the quest for musical harmony. Essentially, the perfect harmony of sounds matches with the global extremum in multidimensional optimization problems, with the process of musical improvisation resembling the search for the extremum.
To optimize a musical composition or solve an optimization problem, one needs to be prepared to experiment various combinations until the perfect arrangement is arrived at, much like a musician would. This process involves exploring random changes or applying variants from a remembered piece.
HS stands out due to its potential in solving continuous and discrete optimization problems, its simplicity, and search efficiency. Its stability between exploration and exploitation phases during the process and its inspiration from ...
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To optimize a musical composition or solve an optimization problem, one needs to be prepared to experiment various combinations until the perfect arrangement is arrived at, much like a musician would. This process involves exploring random changes or applying variants from a remembered piece.
HS stands out due to its potential in solving continuous and discrete optimization problems, its simplicity, and search efficiency. Its stability between exploration and exploitation phases during the process and its inspiration from ...
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Scrutinize the complex charm within code and grasp the functions that hinge on explicit instructions. The featured text blankets an intricate yet insightful dissection of trading algorithms using MQL5, MetaQuotes language for trading strategies.
Text block disentangles the role of varied booleans and declaratives in determining types of orders to be closed. Orchestrating selective actions such as closing all orders or targeting specific transactions such as active buy/sell orders or limit orders finds detailed explication here.
The compelling bit appears in subtleties like accommodating pending orders and filtering out positive or negative transactions based on user-specific seed values. It ostensibly enables a robust order management system, granting users control over trading operations under diverse configurations.
Such codes breathe life into algorithmic trading, empowering the...
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Text block disentangles the role of varied booleans and declaratives in determining types of orders to be closed. Orchestrating selective actions such as closing all orders or targeting specific transactions such as active buy/sell orders or limit orders finds detailed explication here.
The compelling bit appears in subtleties like accommodating pending orders and filtering out positive or negative transactions based on user-specific seed values. It ostensibly enables a robust order management system, granting users control over trading operations under diverse configurations.
Such codes breathe life into algorithmic trading, empowering the...
Read more...
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Developers, ever had difficulty examining intricate patterns amid variations on crucial price charts? Fear not, as there's a seamless solution to detect elements that occur on the chart, such as price patterns. Often, trend or chart patterns can be predicted by meticulous observation and targeted tools.
This article talks about using MQL5 (MetaQuotes Language) IDE built into the MetaTrader 5 trading terminal. By creating tailored tools using MQL5, it's possible to identify critical chart patterns such as highs and lows, trends, double tops, and double bottoms.
For example, Highs and Lows on a chart can be detected by creating a function out of the OnTick() scope to return specific price levels (high and low). Further, trends can be detected by using the previously identified highs and lows. These trends or movements are classified into three: uptrends, downtrends, and sideways.
Fur...
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This article talks about using MQL5 (MetaQuotes Language) IDE built into the MetaTrader 5 trading terminal. By creating tailored tools using MQL5, it's possible to identify critical chart patterns such as highs and lows, trends, double tops, and double bottoms.
For example, Highs and Lows on a chart can be detected by creating a function out of the OnTick() scope to return specific price levels (high and low). Further, trends can be detected by using the previously identified highs and lows. These trends or movements are classified into three: uptrends, downtrends, and sideways.
Fur...
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In the arena of evolving financial market analysis methods, the utilization of algorithmic and technical indicators has evolved significantly. Among them, the "Elder Impulse System Candlestick" deserves mention. This unique indicator offers color-coded visualization on the candlestick chart in accordance with the precepts of the Elder Impulse System.
Originating from the concepts formulated by Dr. Alexander Elder, this system amalgamates market momentum and trend observations into one comprehensive analysis tool. It is beneficial particularly for those engaged in high-speed trading, by providing an expedited visualization of market trends.
The Elder Impulse System Candlestick, by painting the patterns as per the system, explicates the complex numerical trends in an easily comprehensible, visually graphic form. This graphical representation accelerates decision-making potential of t...
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Originating from the concepts formulated by Dr. Alexander Elder, this system amalgamates market momentum and trend observations into one comprehensive analysis tool. It is beneficial particularly for those engaged in high-speed trading, by providing an expedited visualization of market trends.
The Elder Impulse System Candlestick, by painting the patterns as per the system, explicates the complex numerical trends in an easily comprehensible, visually graphic form. This graphical representation accelerates decision-making potential of t...
Read more...
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