Learn Successful Forex Trading Auto and Mnual

from this lecture we will start the auto tarding by coding

EA suatable for the startgy of this course

you will learn how to start the wazard then how to put

the externally controlled varaibles and some important sets for EA

in this lecture we will learn how to create aseparate function

to send market sell order using ready code inside the reference

also you will learn how to change the code parameters to met sell

order sending

we must control the number of opend orders ..

it is not reseonable to let EA opening unlimited ordrs

each time the trading conditions come to true

to do that we will use for looping and order select

command we can found the correct codes for these commands

inside any mt4 terminal by using the sample moving avarage

expert advisor .. so keep focous in this lecture to know

exactlly what iam doing

we must test any new created function using startegy tester on live

demo account

to do that we will put a very simple and fast conditions inside main body

of the expert that what you will learn in this lecture

we need to adjust the point before put targets or stops

because these limitations needs a spicific distance from

orders open prices and these distances must be converted in to

numbers that can be understood by mq4 language .. also we will

start to craete trailing stop function for sell orders and that

is why i will start the lecture by point adjustment

now we will falow the profits if they achieved by the price

to do that we will move the stop loss down by 1 pip each time

the price became lower than the stop by distance .. to do that

we will use the order modify command again under the condition

that Bid became less than stoploss by distance

compensation plan must be applied when ther is aloosing trade

in prevous trade we noitice the trade going in bad side we whre able

to inter the sell again in higher level with increased lot size to compensate

our loose to inter the trade aotu we must trigger a selllimit each time the

price going aganist us by spicific distanse .. so in this lecture we

will leartn how to trigger asellllimit and how to calculate them..

then see the results on strategy tester

in prevous lecture we learned how to send unlimed sell orders

with the same lots .. but we need to increase these lots little by

little each time there is new order triggered .. this lecture for that

purposes . we just simply copy the selllimit function then change its

code

in this lecture we will learn how to creat a function to calculate

only the profits of sell orders that is in positive profits it must

be always in +profits so as to use it later in deleting the lowest

negative bad sells orders

her we will try to close only sell orders that come to positive profits

this is money managment plan to close profitable orders with lowest lossing

one order only you will see how effective this strategy in later final

testing

we need to close the lowest sell order when the price going aganist

our trade but we do the closing when the positive sell orders profits

reach amount to cover the lowest sell losses .

to make this function we need to select the lowest sell order by its

open price because we want the lowest sell open price to be closed

so we must be so sure that the function exactlly select the lowest sell

not any other order ...so we will check the functionalty of selecting

the lowest first the in next lecture we will make the function calculating

the lowest sell profits for closing this is the hardest lecture to

under standplease focous and repeat it many times befor moving to next

we want the lowest sell order profits to be returned to the function we made

but you might noitice the function returen the lowest sell open price insted

actually i made that just to be sure the function really select the

lowest sell first before take its profits value ..so in this lecture i will

complet this function task and make the function returen the lowest sell

profits >> you advised to repeat this lecture many times and udersatnd it

well before the next lecture .. it is the most important part of this course

when the positive sell orders profits plus the lowest sell order profits

grater the the spicific value we must close the lowest sell with all

positive sells at once to do that we create the funtion in this lectur

and test on chart .. we will use the lowest profit function code to do

that

it is time to activate trailing stop and put sell orders count on chart

comment..we want this trailing ocured when ther is only 1 sell opend if not

we will call the compensation plan and stop trailing

we need to to delete selllimit order each time there is no sell orders

on chart or there is positive closing to match the new highest sell order

open price and not to be so far from.. we wil use the lowestsell closing

function to achieve this deleation .. then we must put the pending order

delet function at the beganing of tick main part to be checked in highiest

priority

during the last trade i saw the commissons bad effects on a profitable

trde you must choose a low commission broker to trdae with

we noiticed some drawdown and exajurated number of trades during the last

test that is due to newses whene the price suddenly pumped in one

direction whitout any retracement . you are advided not to trade these

signals during big events hits the markets . to reduce the effect of

these event you can put more conditions to selllimit sending algorthm

i will use RSI indicator the test to see the deferences

we will see a bad tarde due to greednes i intered asell then made profit

then looking for more make the trade going in to loosing side but hours

later it back to profits...

in this lecture we will test the compensator on defferent time frame to

see how it will behave ofcourse we will use defferent distances

when you want to use multi strategies inside your expert advisor

it is recommended to creat triggering signals function for this purpose

inside this opening function you can triggier unlimited siginlas for

these setratigies

you can call builtin indicators or custom indicator without the need to

code complete code for each startgiy

in this lecture you will learn how to put the ichimoko conditions

inside the opening strategy function..we will copy these conditions

from arrow template we had used it in.also we will put external

contolling logic for each new added strategy

when you face closing problem go dircetlly to the closing function

then replace searching orders from oldest to newest or vice versa

iv learned this by experiance .. also there was selllimit opened at

wrong place we will learn how fix it

in this lecture we will add the buy signals and activate the sound box

alert to the template .. we will do that by copy the down arrow code

in arrow indicator then past it inside the up arrow then change the

conditions to reversal

we will learn how to update the created ichimoko template by adding 2 rsi

deffernet in periods but on one speratde windows .. that is nobody told

you before. then you will learn how to put these new conditions inside

opening strategy function then you will learn how to make all imporatnt

parameters of external controle to be optimized later

we will see successful trade on H4 time frame .. we will ready made code

for auto lot calculation you can found it in course documents final lecture

i dont want the course to be so long .. also we learn how to prepaire the

teminal and the expert for testing and optimazation on all time frames

in this lecture we will start to optimaizing the external parameters at all you will se how effective the chesen opening startegy and how

compensator works to achieve high percentage of succesfull trades

we will repeat the optimaizing on 5 minuits time frame then choose

the best setting for saving inside the files folder of mt4

we will complet teasting and optimaizing on the rest time frames

we concluded the M30 time frame is the best

we can test any pemplet or any indicator by visual mode using any expert

advisor on startegy tester .

in this lecture we will test defult and custom templates using the coded

expert in this course .. using this test we can see how our compensator

is effective final adivse USE RENKO  ONLY IN MANUAL TRADING WITH TEMPLATE

dont use it with auto trading renko is not for auto expert advisor ..it

will giv wrong signals wrong trading enterance wrong closing IT WILL

CAUSE LOSING FOR YOUR TARDES