Mql5 Advanced: Code An Hma Trend Following Strategy

A project oriented guide to developing trend following trading strategies coded using the MQL5 algo trading language

What you'll learn

How to convert a manual trading strategy to an automated trading strategy

How to code a trend following strategy using the MQL5 language

How to use partial take profit to increase trade profitability

How to use diverse methods of risk management and their impact on profitability

Requirements

Basics of MQL5

Description

Trend following strategies are trading strategies which seek to determine if a market will move up or down for an extended period of time allowing us to trade in that direction and stay in that trend for as long as possible to maximize profits.These trading strategies are based on the hypothesis that markets tend to move in one direction for extended periods. This means that if a market is moving upwards, it is likely to continue moving upwards, and if it is moving downwards, it is likely to continue moving downwards. The trend following strategy seeks to capitalize on these movements by trading in a particular direction for as long as the trend continues.In this course I want us to code a trend following strategy and evaluate its profitability using the MQL5 trading language. We shall start by explaining the strategy rules and the trading logic of the strategy that we shall code together.We shall then begin coding our EA from scratch by including a custom chart appearance which ensures that we can aesthetically view the activities of our EA when it’s loaded onto any chart. We shall then code the entry and trade management signals of the EA which will ensure that we trade only at specific market signals and we manage our trades uniquely throughout each trade’s lifecycle. This will ensure that our EA only trades in a certain way when market conditions avail themselves.For those that are still finding their way with MQL5, as long as you understand the basics of MQL5, this course is for you. We will patiently guide you through every step of the strategy development process and walk you through every line of code we shall craft. Hopefully, by the end of the course, you will have gained the necessary skills to code similar trading strategies and be able to appreciate how trend following can be an asset and develop a trading strategy based on the ideas that you have learnt from this course to improve your trading strategies portfolio.So hit hard on that enroll button now and join me in this incredible journey of coding a trend following trading system.

Overview

Section 1: Introduction

Lecture 1 Trend Following Strategy Logic

Section 2: Coding the Expert Advisor

Lecture 2 Coding General EA Parameters

Lecture 3 Creating Trade Objects

Lecture 4 Changing the Calculation Interval

Lecture 5 Getting Indicator Values

Lecture 6 Regulating Trade Count

Lecture 7 Getting Trade Signals

Lecture 8 Calculating the Trade Volume

Lecture 9 Entering Trades

Lecture 10 Modifying Positions

Lecture 11 Managing Trades

Lecture 12 Putting Everything Together

Lecture 13 Testing the EA

Section 3: Conclusion

Lecture 14 Conclusion

Anyone willing to learn how to code a trend following strategy using the MQL5 algorithmic trading language