MQL

Fail-Forward Forex

Failing Forward on the Forex Market 25 years ago I failed college algebra. Actually, I got a D. This is not technically failing, but since you needed a C average to get into the engineering school, it was not good news. Now getting a D in college algebra might not be the end of […]

by June 3, 2013 1 comment MQL, Trading
Trade Exit Quality

Trade Exit Quality

Test your EA’s Trade Exit A little over 100 years ago, in 1903, the Wright Brothers achieved their monumental goal of flight at Kitty Hawk, North Carolina. Most people don’t know that there were quite a few other people trying to build an airplane at the same time. One was Alexander Graham Bell; another was […]

by June 3, 2013 2 comments MQL, Trading
What’s the difference between an Expert Advisor and an MQL Script?

What’s the difference between an Expert Advisor and an MQL Script?

Expert Advisor vs. MQL Script What’s the difference between an Expert Advisor and a Script?  I get this question a lot. Both are written in MQL, so they both have access to the library of MQL functions for opening and closing trades, finding indicator values and even sending emails. One difference is that Scripts […]

by June 3, 2013 0 comments EA Builders, MQL
Really Bad Trade Entry? Find Out With This Quick Test

Really Bad Trade Entry? Find Out With This Quick Test

Test Your Trade Entry On page 2 of the 3 Metrics PDF,  I describe a technique for testing the quality of your trade entry. The “Entry Test” immediately tells you if your entry logic is any better than just randomly entering the market. This test is brutal. You would not believe how many indicator-based systems use entries that […]

by June 3, 2013 0 comments EA Builders, MQL, Trading

Building Your Expert Advisor

The 3 Metrics to Watch When You Build Your First Expert Advisor When you start to design and build your first Expert Advisor – an EA that you plan on trading – it’s important to keep a close eye on these three metrics: Total Trades: The Expert Advisor should trade […]

by June 3, 2013 1 comment EA Builders, MQL, Trading