Archive

During my searches, I’ve encountered several MetaTrader indicators capable of detecting Pinbars on the chart. Some of them can be found here: http://www.earnforex.com/forum/f12/random-indicators-8052/ and here: http://www.earnforex.com/forum/f12/pinbar-indicator-8377/. Unfortunately, they all have disadvantages — lack of customization parameters and even outright detection bugs. That’s why I’ve decided to create my own Pinbar …

After coding down the 3rd Generation Moving Average indicator it was a very logical step to create an expert advisor from it. Since I’ve already had the Adjustable MA EA, which offers a lot of customization of trading parameters, I’ve decided to use it as the base for the similar …

3rd Generation Moving Average was added to the list of the Forex indicators on my site today. It’s built according to the principles laid out by Dr. Manfred Dürschner and offers the least possible lag, preserving the price smoothing property of the MA. This indicator has already been coded before me, but …

Almost one month has passed since I last posted about my Road to ATC 2011. Some important changes were applied to my MT5 expert advisor that I plan using during the contest. After a period of extensive back-testing the EUR/GBP pair was substituted with EUR/USD and Z-Score optimization was …

I’ve finally found some time to upload a Forex expert advisor that I’ve been testing since December 2010. It’s called ATR Trailer and, as its name suggests, is based on ATR (Average True Range indicator) trailing stop. The idea behind this MetaTrader EA is …

Last time, I’ve modified (with the help of a fellow Japanese MQL coder) the standard Trade.mqh library to use the order and position size limits set in the ATC 2011 rules. I’ve also promised to discuss the process of dealing with the harsh trading conditions of the championship in the next journal issue. But, since it …

The modification of the EA to make it multi-currency was a tough job and resulted in a heavily modified code of my MT5 expert advisor. Today, I’d like to turn my head to a less complicated yet very important issue — proper position sizing in the ATC EAs.

The Problem

The ATC 2011 rules state:

The minimum trading amount

…

Following the recent success with Z-Score optimization of my MT5 expert advisor for the Automated Trading Championship 2011, I present the next entry in my Road to ATC 2011 journal. This entry is all about adding a multi-currency support to my expert advisor.

Old Ways

As I’ve already written, adding multi-currency support to an MT5 …

Total Power Indicator is the latest addition to the MetaTrader indicators list on EarnForex.com. I’ve got the idea of this indicator from the June issue of the Currency Trader magazine. In short, this indicator uses Bull Power and Bear Power standard indicators to produce a more long-term perspective of the current market situation. …

Before proceeding to the actual criticism, I feel obliged to mention two important points. First, Automated Trading Championship (ATC) by MetaQuotes is great. Despite what will be written below, ATC remains the best event in the Forex industry, with their $80,000 prize fund and no entry fee. It …