Sorry, I don't use MQL5. However there are plenty of competent programmers around here who could code a similar indicator for MT5.

Pair Strength Analyzer indicator

Many thanks for the feedback guys, I hope you find the indicator useful.

Pair Strength Analyzer indicator

@nobody_in_particular: The Kelly formula tells you what percent of your capital you should risk per trade, in order to maximize your return. If your position sizes exceed this value, your projected rate of return actually falls away. This might seem ...

How much do you risk per trade?

My understanding is that RoR it is determined largely by the risk% per trade, and the number of trades, rather than the win rate. I posted some links to formulae used to calculate RoR here. There is also a good explanation and calculator here. Many ...

Hanover replies to PMs

Assuming this is MT4, then there are two ways of achieving an export to Excel that I'm aware of: 1. The indicator that is generating the TPO data could be modified to also output the data that you require to a CSV or TSV file, which could then be ...

Questions about MT4 usage

Optimum bet size can be determined by the Kelly formula (more here). However, this doesn't give capital preservation any overriding consideration. But as a general principle, it tells us that the higher our profit factor (dollars won divided by ...

Why you should trade 1-2% of your account on a trade!

Hi Philip, Many thanks for your reply and explanations. I understand your reasons for wanting to keep the two EAs separate, and to initiate them using human intervention. I'm afraid I can't help you with the coding. I prefer not to modify other ...

Help Needed to Debug Existing EA with proven strategy

I agree with rockit and Nicholishen. Also, given what you say in post #8, if you can exactly define your strategy (D1 candle, stoch, BB, whatever) that chooses either the Buyer or Seller EA, then all of the Buyer, Seller and 'master selection' ...

Help Needed to Debug Existing EA with proven strategy

If I've treated you unfairly, I apologise. Please note: I'm not employed by FF to write code for its members. All I've done is freely share indicators that I've written at some point, for my own use, that might be helpful to others. I make no ...

Daily Boxes/Lines indicator

Good points imo. I definitely support greater regulation where outright cheating (VDPs, b-booking, etc) is concerned, and while I still believe in personal responsibility, I must admit that you're slowly winning me around to your way of ...

Forex - A negative sum game for losers

With respect, a "snake oiler" is somebody who is selling something fraudulently. Anybody who thinks that I'm selling forex related products, or even benefiting financially in any way by posting on trading forums, is a bloody fool. At best -- IF ...

Forex - A negative sum game for losers

Mathematically, it's better to cut a loss and then re-enter at a 'better' price (provided that I get the opportunity to do so, and given that the 'better price' must cover the cost of opening another position). For example, if I exit my long ...

Hanover replies to PMs

Equus maximus, LOL.

Hanover replies to PMs

We're on the same page. I like to use climax volume into supply/demand or C-liquidity zones (especially on M15) to time my entries. For example, suppose macro/sentiment for a given instrument is down, then I wait for price to diverge with sentiment, ...

Fundamental Trading Always beats Technical Trading 100%

Do you like green eggs and spam? I do not like them Scam-I-am. (with apologies to Dr Seuss) Seriously, there is so much nonsense written on this forum. The supermarket sells eggs. Does that mean that they are scamming me? I have a choice whether to ...

Fundamental Trading Always beats Technical Trading 100%

Yeeeeeehaaaaaaa...... brilliant! Gotta love this quote from Ed: “The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.” Some pointless trivia: ...

Hanover replies to PMs

I assume that Ed Seykota is quite well-known, because he has a wikipedia page just like I do. I read somewhere that Mr Ed trades grains like oats and wheat. image image image

Hanover replies to PMs

Should any of us have a clue? I can speak only from my own experience, for whatever it's worth. I've spent much of my 11 years in forex running around in circles. 2017 was a profitable year for me, so perhaps my trading is finally improving, but I'm ...

Hanover replies to PMs

Makes good sense to me.

"Structure" of the market

Sorry but I'm unable to help. You could try re-posting your request in one of the "I code your indicators for free" threads, where it's more likely to be seen by other programmers. I hope that you can find somebody to do the work.

Hanover replies to PMs