A financial instrument price may change direction and start moving opposite to the open position. If a position has not been opened yet, the risk lies in forecasting such a reversal. Every trader has their own definition of a trend. Strange as it may seem, there is no "official" ...
1. First, NRTR should be re-written from MQL4 to MQL5. The code is available here: https://www.mql5.com/en/code/7760 2. When the indicator color changes, it should send a push notification and an email, to notify of trend change. 3. Add to parameters working hours, during which th...
Trend-following systems attempt to capitalize on the established trend in the market. These systems usually include trend indicators such as Moving Averages (MA) and Average Directional Index (ADX). Reversal systems, on the other hand, try to detect a change in market direction and get an adva...
A candlestick bar is comprised of the body and lower and upper wick, representing the Open, High, Low, and Close (OHLC) prices during a specified period from 1 minute to 1 month. If the price traveled down and closed lower the candlestick is coloured red; if the price traveled up and ...
Remember that spread is the reason of lose deposit for majority of the strategies, ie the choose of deal direction with correctness probability close to 50%, so try to improve the strategy as much as it possible, so the spread would not greatly affect the result. ...
Let's try to figure out whether candlestick charts allow us to get into the financial markets. "Low", "High", "Open" and "Close" values sequences are used for rates representation in form of candlestick charts. Let's remember what kind of values these are. "Low" and "High" values ...