Thanks cyber...

Counting number of past bars since price pattern occurrence

Hi Motiram, This isn't what I'm after at the moment but it may come in useful so thank you....

Counting number of past bars since price pattern occurrence

Hi HonestKnave, Thank you for the detailed reply. As I'm slowly learning MQL4 would you be able to expand on (with maybe some actual code) how to use bar index to calculate how long ago a pattern occurred? If, for example, my pattern was basically a ...

Counting number of past bars since price pattern occurrence

Just thought I'd bumped this post up in case anyone may be able to help....

Counting number of past bars since price pattern occurrence

Thanks for all comments so far... One of the main points being suggested is running the strategy on a live account. As this would be in the testing phase, keeping lot sizes and account size as low as possible would be paramount. Consequently, what ...

How do you validate your trading idea?

Hi Hayseed, Thanks for the detailed response. Would you be willing to expand on this? What kind of steps do you take when writing the EA to ensure this? Also, as you rely on backtesting what software do you use for this task? Strategy Tester in ...

How do you validate your trading idea?

Thanks for the comments so far....

How do you validate your trading idea?

Thanks for your comment FerruFx. Although I understand the benefit of doing this I'm just a little uncomfortable about going directly to a live account (albeit a small account trading smallest possible lot sizes) simply due to the amount of time ...

How useful are EA backtest results?

All the replies so far about backtesting are valid and I think most would agree that there can be a place for it but it does have its limitations. Rather than create a new thread, I would like to continue with this thread and ask everyone who has ...

How useful are EA backtest results?

Hello All, Although I agree with the comments below, for me the benefit of backtesting is that it allows one to quickly assess a particular trading idea and decide whether it is worth pursuing further. Some initial ideas which I thought would be ...

How useful are EA backtest results?

Thanks Jason... I'll take a look at those links..

FXCM Discussion

Hello All, I'm not sure if this question has already been asked as I have not yet read my way through the 240 current posts but I have a question regarding the spread that is shown within MT4 Strategy tester. Using EURUSD as an example, if I open ...

FXCM Discussion

Nice link.... thanks

MT4 Auto/Manual Trading

Fair point.... I chose a basic example like high/low > previous high/low so I could hopefully work my way through it as opposed to something I would actually trade but at 1000 lines I totally understand and yes it would probably confuse me further. ...

MT4 Auto/Manual Trading

Wow... I didn't expect anything let alone something within 30mins. Obviously you are an experienced programmer so a genuine big thank you for taking the time out to help someone new to MQL. Reading your signature now I can see why you have wrote ...

MT4 Auto/Manual Trading

Point taken FXTrader. What I was initially trying to achieve is how the code works and whether it can be done. However when you asked me some questions I purposely kept it simple as in the past I found that using a basic example which I can easily ...

MT4 Auto/Manual Trading

Its been a long day !! Sorry FXDayTrader, I normally trade daily or greater timeframes so my example reflected that. What I should have said for my basic example was: High of CURRENT formed bar > High of PREVIOUS formed bar AND Low of CURRENT formed ...

MT4 Auto/Manual Trading

HI FXDayTrader, Thanks for the help. I am reading through the other post but I guess I'm trying to get my head around the logic of how it will all work. If the first EA opens trades only and another EA will manage them then someone each trade must ...

MT4 Auto/Manual Trading

Hey FXDayTrader, I appreciate the reply. As I am new to MQL (but not trading) I'm finding some of the concepts/coding around MQL a little difficult to get my head round. I'll take a look at the link which you have posted. In answer to your question ...

MT4 Auto/Manual Trading

Hello Ferru, I have briefly outlined below what I want to achieve with an EA and would welcome your thoughts on the best way to achieve this. For the currency pairs which I choose to trade, each time my signal trigger occurs I need to perform the ...

MT4 Auto/Manual Trading