Mql5 Projects: Code The White Fairy Pyramiding Strategy

A comprehensive guide to coding a pyramiding strategy which adds to winning positions using the MQL5 language.

What you'll learn

Pyramiding trade management in MQL5

Cost averaging trade management in MQL5

How to develop an EA from scratch using MQL5

Developing a custom chart appearance with MQL5

Requirements

Basic MQL5 knowledge

Description

The main objective of trading any financial instrument is to make money, and accepting this fact is both noble and honorable. Whether you choose to trade anything and in any way you want, the ultimate goal remains the same: to make profits. In order to achieve this, you must simply win more money than you lose.Have you ever wondered what it would be like to have a system that minimizes losses up to the breakeven when we are wrong about the market and maximize profits by adding to your winning trades? Well If so, this course is exactly what you need.Throughout this course, we will delve into two essential trade management techniques: pyramiding and cost averaging. Pyramiding enables you to add to your winning trades without taking additional risks, providing a perfect method to increase profits without increasing the lot size. On the other hand, cost averaging involves spreading out your positions, entering a new trade at a better price than the previous one, ensuring you buy at the lowest possible price and sell at the highest possible price.The centerpiece of this course is the White Fairy trading strategy, which offers a unique approach to managing trades. The strategy ensures that when we are wrong about the market direction, we close our trades at almost breakeven. Conversely, when we are correct about the market direction, we capitalize on our winning trades to maximize profits, ensuring our gains consistently outpace losses, resulting in steady growth of the trading account balance over time.Throughout the course, I will guide you through the main protocols of the strategy and teach you how to code it using the MQL5 language. We will conduct thorough testing to explore its strengths and weaknesses, enabling us to exploit its ideas effectively.Particular emphasis will be placed on pyramiding, demonstrating how this technique, when properly implemented, can be a powerful tool to exploit winning positions and boost profits.If you're an algorithmic trader seeking new ideas for managing your open trades, then this course is definitely tailored for you. By the end of the course, you'll be enriched with fresh concepts for your own algorithmic trading projects. Let's embark on this exciting journey together!So hit hard on that enroll button now and join me in this incredible journey of coding the White fairy trading pyramiding system.

Overview

Section 1: Introduction

Lecture 1 Introduction to the White Fairy Trading Strategy

Section 2: Entering Primary trades

Lecture 2 Coding a custom chart appearance

Lecture 3 Getting indicator values

Lecture 4 Coding entry signals

Lecture 5 Preparations for Trade entry

Lecture 6 Executing Primary Trades

Section 3: Executing Secondary Trades

Lecture 7 Executing Cost Averaging Trades

Lecture 8 Neutralizing Losses

Lecture 9 Executing Pyramiding Trades

Lecture 10 Sealing Pyramiding Profits

Lecture 11 Testing the EA

Section 4: Conclusion

Lecture 12 Conclusion

Lecture 13 Bonus Lecture

Anyone willing to learn about Pyramiding with MQL5,Anyone willing to learn about Cost averaging with MQL5,Anyone interested in Algorithmic trade management ideas