Mql5 Projects: Code A Market Structure Based Ea

A concise guide to building a very sophisticated expert advisor based on the Market structure concept.

What you'll learn

How to use the Market Structure concept in Algorithmic trading

How to code a market structure EA

How to design a trading system

How to build winning trade management systems

Requirements

MQL5 Beginner knowledge

Description

Hello everyone, in this course, I would like to express the value of implementing knowledge about the market structure and its use in obtaining a trading bias using the MQL5 algorithmic trading programming language.Together, we shall build a strategy based on price action principles that uses trend transition structures to make entries in the market. This allows us to actively participate in newly forming trends and capitalize on the predictability of market structures.We shall start by introducing you to the concept of market structure and why it’s a pillar of success in many trend following systems, we shall also demonstrate how to model market structures using the Zig Zag indicator.We shall then do a brief overview of the strategy we are going to code in this course by studying its entry logic, it’s ingenious trade management protocols and how it will manage risk.We shall then start coding our strategy from scratch using the MQL5 language with explanations at every step of the journey to help you understand the logic of our actions so as to inspire you to develop ideas based on the knowledge gained from the coding part of this course.As already said before In this course, we shall also apply safe and ingenious trade management techniques to ensure that we protect any wins we made by making sure that losses don’t eat into them. We shall not use any martingale techniques ensuring that we trade using safe position volumes that can allow account growth without taking considerable risks.For those that are still finding their way with MQL5, as long as you understand the basics of MQL5, this course is for you. We will patiently guide you through every step of the strategy development process and walk you through every line of code we shall craft. Hopefully, by the end of the course, you will have gained the necessary skills to code similar trading strategies and be able to appreciate how the Market structure concept can improve trading stems.So hit hard on that enroll button now and join me in this incredible journey of coding the a reversion system.

Overview

Section 1: Introduction

Lecture 1 Market Structure concept

Lecture 2 The Strategy Logic

Section 2: Coding The Expert Advisor

Lecture 3 Coding a custom chart appearance

Lecture 4 Setting the calculation interval

Lecture 5 Getting Indicator Values

Lecture 6 Getting Price Extremes

Lecture 7 Getting Market Highs and Lows

Lecture 8 Getting Break Out Signals

Lecture 9 Regulating Trade Count

Lecture 10 Calculating the Lot size

Lecture 11 Preparations for Trade Functions

Lecture 12 Entering Break Out Trades

Lecture 13 Adding a Trailing Take Profit

Lecture 14 Calculating the Mean Entry Price

Lecture 15 Counting and Deleting Pending Orders

Lecture 16 Entering Pending Limit Orders

Lecture 17 Hunting for a Mean Exit

Lecture 18 Managing Trades and Orders

Lecture 19 Testing the Expert Advisor

Section 3: Conclusion

Lecture 20 Conclusion

Lecture 21 Bonus Lecture

Anyone willing to learn how to code a strategy that uses the Market Structure concept