calculation

Indicator for Stop Loss levels calculation using Bill Williams technique – indicator MetaTrader 4

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Indicator for Stop Loss levels calculation using Bill Williams technique - indicator for MetaTrader 4
Author Vladmir Hlystov An indicator for Stop Loss levels calculation using Bill Willams technique Bill Williams in his book “Trading Chaos: Applying Expert Techniques to Maximize Your Profits” (Chapter 7, Level One: Novice Trader, p.95) has described SL as follows: “…We place the air bag one tick above/below the high/low of the second bar back … Read more

Bollinger Band Width calculation with Neural Network using – EA MetaTrader 5

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Bollinger Band Width calculation with Neural Network using - expert for MetaTrader 5
I have been searching for a BB Width Expert Advisor, but I couldn’t find it anywhere. Then I decided to create my own, and as a part of my studies I did this. This Expert Advisor follows Neural Network method. Test Result: Initial Deposit 10000. Gross Profit of 36000. Time span 3.5 months. What is Bollinger … Read more

Script for Calculation of Candle Statistics – script MetaTrader 5

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Candle statistics calculation script MQL5
The script calculates candle statistics (the minimal, maximal and average values of candles body and shadows) of the current chart. The calculated statistics is shown for 3 groups (bullish, bearish and all) of candles in the upper left corner of the chart. The calculation interval depends on 5 first input parameters (the interval also can … Read more

YURAZ_MCCH Calculation Indicator – indicator MetaTrader 5

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YURAZ_MCCH Calculation Indicator - indicator for MetaTrader 5
The indicator calculates % of growth or drop towards CLOSE. It is written via use of object-oriented programming and can be easily integrated into any Expert Advisor or other indicator. The indicator calculates CH%, percentage of change of CLOSE of a previous day. Creates objects on a chart. The indicator is written in object-oriented programming … Read more

Margin Calculation – library MetaTrader 5

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Margin Calculation - library for MetaTrader 5
Library for calculation of a margin required for opening a position in MetaТrader 5. The library has 3 functions: Main function: GetMarginForOpening() – directly calculates a margin for opening 1.0 lot by a symbol; Auxiliary function: GetSymbolByCurrencies() – checks for a symbol in the market review; Auxiliary function: GetSymbolPrefix() – returns symbol prefix, if any. … Read more

Calculation of the 3-rd Elliott wave – script MetaTrader 4

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Calculation of the 3-rd Elliott wave - script for MetaTrader 4
Presented is the script for the calculation of the third Elliott wave based on the algorithm suggested by Bill Williams in his book “Trading Chaos”. (Comment to the figure 7-15 in this book) This script uses the standard OBJ_EXPANSION object (Fibonacci extension) In order to start the calculation it is necessary to move first coordinate … Read more