My MQL4 Journal

www.eabuilder.com says...

Important: Custom indicators used in any EA must be programmed in the new MQL4 language. The MQL4 language. The MQL4 language has changed significantly since build 600 at the beginning of 2014. Old, incompatible indicators include the functions init() and start(), whereas new indicators include the function OnInit() and OnCalculate().
 
In applying what I learned last week (via the process of creating a couple of profitable EAs) to my manual trading over the last couple of hours, I just realized that I will never automate what I do personally because I am constantly reacting to the market, adjusting my stop losses, take-profit targets, and the direction of my trades to price action as it unfolds in real time...

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expiated said:
Finally! I am at last finished with the back testing. What I will do now is continue day trading manually using the methodology that yielded the following results...
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I was supposed to be through with back testing for a while. But, manual trading using the methodology that yielded the results from Saturday's back test has turned out to encourage a good deal of discretionary decision making.

However, the desire to trade based on something that is a bit simpler led me to come up with the following approach using 15-minute charts along with set take-profit and stop losses. (I also included two different exit strategies, but for some reason, neither of them was being executed by the EA. I couldn't figure out why.)

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I'm anticipating that trading this strategy manually using the same basic protocol but more timely entries and exits should yield even better results..:):thumbsup:
 
expiated said:
The desire to trade based on something that is a bit simpler led me to come up with the following approach using 15-minute charts along with preset take-profit and stop loss limits.
More...
I managed to come up with a reasonably profitable system for five-minute charts, but I think this is as low as I can go using EABuilder with the extremely limited amount of coding knowledge I currently possess. (Designing an automated methodology that will work with one-minute charts is apparently above my paygrade at present.)

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I will compare it with the protocol used by the strategy that generated the above results pictured in Post #123 (which uses 15-minute charts) and let my findings guide the manual trading I do next week.
 
I just compiled another profitable system after coming home from church based on the 15-minute chart setup I plan to use this week...

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So, I'll now take an hour or so to compare this one with those from my previous two posts and then come up with a protocol for trading this week.
 
Sunday, September 17, 2023

Today, I returned to the task of coding an indicator out of necessity. In my attempt to optimize Numerical Price Prediction (NPP) so that it is a "perfect fit" for the unique/specific challenges presented by both Tradiac and Nadex, I've arrived at a very well-defined strategy that requires constant monitoring, which I am unwilling to do, and will therefore assign this indicator to do the job for me...

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THURSDAY | JUNE 13, 2024

This "5-Minute How to Trade Forex" alert indicator you just coded—which stems in part from the work you've done over the last two or three months to develop forecast models for gold, silver, crude oil and natural gas—looks to be good for trades lasting from 15-minutes to an hour in "choppy" markets.

Since, under such conditions, the trades will last for a relatively short period of time, your stake per trade will have to be somewhat high to realize what you would deem worthwhile returns. However, if the success rate is high enough, this should not constitute a very risky proposition...

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