Mql5 Lotto: Code An Aggressive Trend Following Strategy

A concise guide into developing an aggressive trend following expert advisor

What you'll learn

How to code an expert advisor from scratch

How to design a trend following strategy using trade management

How to trail a basket of trades

How to add a risk tolerance to an expert advisor

Requirements

Beginner knowledge in MQL5

Description

In this course, I would like us to redefine trend following by revisiting it with a different perception. Trend following is a trading technique that involves entering trades anticipating that a new trend is developing, then staying in the new trend for as long as possible, hoping to get as much profit as possible from our position.The traditional approach to trend following focuses mainly on entry points only and usually those are after a trend is confirmed. This has a downside in that waiting for confirmation from price to change direction will eat into the profits and also make it difficult to manage the trade as there might be less room for the price to move in the desired direction.In this course, we shall address that challenge by making counter trend entries and use trade management to ensure that those counter trend trades turn into huge harvests. The strategy will use the Lotto type risk management, meaning that it is a high risk and very high reward strategy. As usual, I shall walk you through the entire coding process of the EA, ensuring that you understand each step of the strategy development process.If you’re still familiarizing yourself with MQL5, don’t worry, as long as you understand the basics, this course is perfect for you. I will patiently guide you through each and every step, ensuring you grasp the concepts behind each line of code. By the end of this course, you’ll have gained the skills necessary to code similar trading models based on the teachings of this course.So hit hard on the enrol button, now, and join me on this exciting journey of coding a Lotto risk management based strategy.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Coding the EA

Lecture 2 Setting up the EA

Lecture 3 Trade Regulation

Lecture 4 Getting Trade Signals

Lecture 5 Getting The Next Entry Price

Lecture 6 Getting Position Sizes

Lecture 7 Executing Trades

Lecture 8 Managing Trades

Lecture 9 Adding Risk Tolerance

Lecture 10 Testing And Debugging

Section 3: Conclusion

Lecture 11 Conclusion

Anyone willing to learn how to develop a trend following strategy in MQL5