Ligustrum $$$
FX trading to win?
MT4 platform using MQL4/5 codebase
For several years I have been developing, tinkering and learning to code in MQL4/5, (this code based on C ++). The resulting code called an EA, or ´Expert Adviser´- supplied free with a broker such as IFMarkets.com.
Hit the start button on either demo or real money mode – and off you go.
So can you make money online?
Read on…Your free MT4/5 platform has the facility to ´back-test´ against historical data, Just click ´strategy Tester´from the menu and watch a whole year pan out in a few minutes. Then analyse the results.
Yes, interesting, but, as yet not reliable enough to trade live.
There is an element of martingale and it would require a minimum of $1-2k a run – this could mean that there may be a run of losses, say 6-7 or even 10 in a row that would wipe out one’s account very quickly.
That said, and as said, I have (on back-testing and some live virtual) come up with some interesting results.
In this example two years and a starting deposit of £1,200, this code has made a profit – on paper – of £1,195,953. I have checked all parameters and they seem correct
This is a hedging code, so I called it ‘Ligustrum’, a sort of a parody – check it on the internet.
Principally, what happens is that a trade is opened via a basic MA cross – two moving averages, one fast and one slow, that when crossing, opens either a long or short trade. If the market continues in the ‘correct’ direction, then at a certain point of profit, the trade is closed and the cycle starts again.
If, however, the market moves against the position another trade is opened in an opposite direction, the lot size weighted with a fairly complex algorithm so as to take into account the two obverse positions so that at a pre-set point, if the market continues in the same direction, both trades are closed at breakeven or a small profit.
If the market again reverses then a third trade is opened in the direction the market is heading. If, yet again, the market changes direction then yet another trade is opened…and so on until the lot sizes become too great and it either crashes or doubles, so until further developed, this code is not for sale.
