I found the idea interesting and wanted to give it a try. I downloaded the original indicator with only 3 supportresistance levels from the mql5 website. Then I thought about how the ExpertAdvisor could work. The indicator draws the supportresistance lines on the chart and the ExpertAdvisor can read the price levels of each line.
Because we want to buy at each support price level the ExpertAdvisor places limit buy orders at each support price level. The only logical price level for the target price of these limit buy orders would be the lowest resistance level. Therefore, the ExpertAdvisor places the limit buy orders as shown with the 3 green arrows in following screenshot. The beginning of each arrow is the entry price level. The end of each arrow shows the target price level of each limit buy order. The ExpertAdvisor executes the same logic for the sell limit orders. The following screenshot shows the entry price levels and targets with the 3 red arrows. We metatrader 4 mac xtb cant gps forex robot erfahrungen be long and short at the same time, because all sell positions are close before the first long buy order gets filled and python algo trading with interactive brokers vice versa.
Metatrader 4 mac xtb Certainty that oversold.It will often happen that the newly opened positions will not close during the actual candle. And when a new candle is metatrader 4 mac xtb opened the indicator draws the 3 supportresistance lines at different price levels. Now we mac xtb metatrader 4 have to answer the question which target metatrader 4 mac should xtb be used for the old positions which are opened during the previous (now closed) candle? Should use the old target or should we adjust the targets of the old positions to the new price levels? I decided to adjust the targets to the new price levels, because the complete logic of the ExpertAdvisor is built around the logic of the indicator. And when the indicator says that the supportresistance metatrader levels 4 mac xtb have changed then the old positions 4 metatrader mac xtb should behave accordingly. This behavior (adjusted targets) metatrader 4 mac xtb can lead to positions that reach their metatrader is it easy to make money in forex 4 mac xtb targets but are exited with a loss. From my EA-coding experience I know that metatrader 4 mac xtb closing at adjusted targets can give better metatrader 4 mac xtb results than exiting with a stoploss.
Need to check the availability history of your broker’s currency pair quotes and Account use them for message metatrader 4 mac xtb signals but rather to break me a experience for what is achievement on in the Market.Metatrader 4 mac xtb Provided.
BUT i would not metatrader 4 mac xtb trade it as a complete auto-trader. As I will later explain I would only activate the ExpertAdvisor at special conditions in a only-selling-mode or only-buying-mode. Then this ExpertAdvisor will have a much bigger edge.
The back-testing was done on the daily timeframe metatrader 4 mac because xtb the original indicator can only shows the values of the daily timeframe.
But you gps forex robot demo can adjust the indicator to test lower timeframes as well.
The ExpertAdvisor can handle the lower timeframes without adjustments.
Metatrader 4 mac xtb Navigator in this setup.Here are the results for the pair AUDNZD from 2011 to 2017. Here are the results for the pair EURGBP from 2011 to 2017.
Here are the results for the pair EURUSD from 2011 to 2017. Everyone who has ever tried to program a complete auto-trader knows that this are results that can be used as a basis for further improvements. If a xtb 4 metatrader mac complete auto-trader can make money over 15,000 trades then it definitely does something that makes sense in the context of trading.
Please remember that we had a very strong trend in the year 2014. The pair EURUSD for instance moved 3,500 Pips downward during this year. The ExpertAdvisor, because of its logic, bought most metatrader 4 mac xtb of the time during this monster downward move. After the 7 years of back-testing the "dumb" ExpertAdvisor still produced a little bit more than breakeven on the EURUSD.