Candlestick models for GBP/JPY for 9 years – EA MetaTrader 4

Candlestick models for GBP/JPY for 9 years - expert for MetaTrader 4
Author: Kontra Description: An Expert Advisor uses the Candlestick Models for trading: Blending Candlesticks (Engulfing) and Hammer(inverted Hammer)/Shooting Star models It has been tested at GBP/JPY, M15. The extended 9 year trading report can be found here. Parameters: extern int bTp = 100; // Profit for buy extern int sTp = 100; // Profit for … Read more

MQL5 Wizard – Trade Signals Based on Reversal Candlestick Patterns – EA MetaTrader 5

Figure 1. Trade signals, based on reversal candlestick patterns
MQL5 Wizard provides the automatic creation of Expert Advisors (see MQL5 Wizard: Creating Expert Advisors without Programming). The CSignalCandles class provides trade signals, based on reversal candlestick patterns. The strategy called “Signals based on reversal candlestick patterns” (when creating EA automatically in MQL5 Wizard). The idea of the system is to indentify the reversal patterns … Read more

MQL5 Wizard – Candlestick Patterns Class – library MetaTrader 5

MQL5 Wizard - Candlestick Patterns Class - library for MetaTrader 5
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal. It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class and example can be found in the article MQL5 Wizard: How … Read more

Candlestick Momentum Blau_CMtm – indicator MetaTrader 5

The definition of the q-period Candlestick Momentum
Author: Andrey N. Bolkonsky Candlestick Momentum Indicator (q-period Candlestick Momentum) by William Blau is described in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_CMtm.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ Momentum is the difference between the current price (for example, closing price of … Read more

Candlestick Momentum Index Blau_CMI – indicator MetaTrader 5

Candlestick Momentum Index
Author: Andrey N. Bolkonsky Candlestick Momentum Index (CMI, based on Candlestick Momentum Indicator) is described by William Blau in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_CMI.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ The values of Candlestick Momentum Indicator are normalized (by absolute … Read more

Candlestick Index Blau_CSI – indicator MetaTrader 5

Candlestick Index by Wiliam Blau
Author: Andrey N. Bolkonsky Candlestick Index (CSI, based on Candlestick Momentum Indicator) is described by William Blau in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. The values of Candlestick Index are normalized (price range) and mapped into the [–100,+100] interval. The positive values of CSI correspond to overbought … Read more

MQL5 Wizard – Trading Signals of Candlestick Patterns + Stochastic – EA MetaTrader 5

Fig. 1. Selecting "Signals based on Candlestick Patterns+Stochastic" trading signals generator in MQL5 Wizard
Description: With MQL5 Wizard, traders now can automatically generate Expert Advisor’s code based on trading signals’ classes, positions tracking and money management. Along with trading signals’ classes of the Standard Library, you can develop and test your own trading systems. To do this, just write a module of trading signals. The book “The Strategies of … Read more

Japanese Candlestick Patterns – indicator MetaTrader 5

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Real author: EarnForex.com, Based on MetaTrader 4 indicator by: Carl Sanders The indicator displays on charts the patterns created by the Japanese candlesticks. The indicator was found through a google search “Earnforex.com” and I’ve changed some colors. Not all patterns represent a change of direction of the market. I find it useful to display on … Read more