Firstly, I'm a programmer, not a pro trader. Secondly, over the years I've become more of a 'discretionary' trader, i.e. I believe that having a knowledge and experience about how prices move, and why, is preferable to blindly employing mechanical ...

Hanover replies to PMs

I am sorry, but I no longer code EAs for other traders. You could try posting your ideas in one of the "I code for free" threads, or if you're willing to pay for the development, Google something like "MT4 programmer". There are many programmers ...

Hanover replies to PMs

Thorp is a genius. His book Beat The Dealer was one of many that I read when I was tinkering with blackjack during the 1990s. There's an interesting article about Thorp and his buddy Claude Shannon here, which among other things states that they ...

Higher Edge within a Single Candlestick

Yes, it originates from the same Latin word meaning 'and', 'with', or 'including'. Like 'summa cum laude' = 'with the highest praise'.

Risk-free capital for 1-year + experienced traders-cum-coders

Nice work with the simulation. In 10,000 spins, betting $1 each time, you should (on average) be down around $270, i.e. the house edge of 1/37 x 10,000, irrespective of whatever playing and/or betting strategy you use. The textbooks say that ...

Higher Edge within a Single Candlestick

But wasn't it Einstein who said that the only way to beat a roulette table was to steal from it? Mike Shackleford aka the 'Wizard of Odds' is an adjunct professor in actuarial science and mathematics at the University of Nevada, and is also an ...

Higher Edge within a Single Candlestick

The format of the data being exported to the OutputFile has not been changed.

Pair Strength Analyzer indicator

Alas, the thread has degenerated into a discussion on the merits of hedging. I apologize for my part in this. One possible solution might be to create a new thread in the Tech forum, and cut/paste all of your post #1 here into the new thread, ...

Hedge Trade-panel

The risk% per trade is both irrelevant and misleading. For the replication to work correctly it must simply maintain the same net NUMBER OF LOTS (long, short, or zero), as unhedged positions, and then adjust this accordingly on the same price tick ...

Hanover replies to PMs

It certainly doesn't feel like I've made a 180 flip. Here (and here) is what I've always maintained about hedging (and still do), with links to posts written several years ago. Feel welcome to read these again if you wish.

Hedge Trade-panel

1. If I understand correctly, Mr Nicholishen's ingenious EA does not employ, let alone vindicate, any particular hedging *strategy*. It simply uses a temporary hedge, and then OrderCloseBy, as an operational means of closing multiple positions ...

Hedge Trade-panel

Fair enough. ___________________ Agree totally, TA/PA charts only the past, and fails to directly address the underlying causes of price behavior (some thoughts here. Having said that, I've chatted with pro traders who use only TA/PA and have been ...

[challenge] Show me a way to make profit with 50-53% WR!

Coin toss doesn't revert to a mean: it has no memory, is always 50/50, whereas mean reversion implies that the probability of an opposite result to the previous one exceeds 50%. The fact that a coin toss distribution approaches 50/50 over a large ...

[challenge] Show me a way to make profit with 50-53% WR!

Problem occurs only with the "(b600+)" version of the indicator. Apparently input fields get truncated to 256 chars with MetaQuotes' build 600+ implementation. (Another good reason to stay with build 509, haha).

Display Info indicator

Just signing in quickly to answer a few questions........ Sorry, indicator isn't designed to work with offline charts. ________________________ Sorry, not possible, unless you see setting Hpos to a negative value as a viable solution: image ...

Pair Strength Analyzer indicator

I must take a break from forums now, to attend to other projects. I won't be around to answer any questions (or e-mails) until November. Happy trading all.

Hanover replies to PMs

You have at least 3 choices: 1. Write a simple program to extract the desired data. Example: install this MT4 script into your ..../MQL4/Scripts folder: file It expects to find the input file with all of the news events in your ..../MQL4/Files ...

Plot News / Downloader version 4.00

You could use a text editor like Notepad, to strip out the unwanted news events, instead of Excel.

Plot News / Downloader version 4.00

I'm running Windows 7 Home Premium Service Pack 1 (on all 3 computers), and use the curl files shown in the screenshot, i.e. these 3 files are downloaded from the ZIP file into my ..../MQL4/Files folder. image I don't have a Win 8 computer, hence I ...

Plot News / Downloader version 4.00

It's not a bug. To explain:  If all of the items in the Currencies list are 3 chars each, then the indicator assumes that the list is currencies, and attempts to pair every item in the list with every other item, e.g. if Currencies = EUR, USD, JPY ...

Display Info indicator