MQL5 Tutorial – 2024 Trading Experiment What happens if the trend changes today? – Analysis and Forecast – January 16, 2024

20240101: Download 28 results videos for this system https://bit.ly/41OIpzK

20240101: README document (frequently updated): https://bit.ly/41FPceY

20240102: Download system for demo account: https://bit.ly/3H3diqt

20240103: Account Settings: https://youtu.be/qtCXQI3XL_4

20240104: Import trading system: https://youtu.be/4AWpxGKVS4A

20240105: First account earnings: https://youtu.be/BqXaoGyy3QU

20240106: Setup MX Linux Server in 5 minutes: https://youtu.be/JVZoYn2w6Yw

20240107: Setup Metatrader on Linux in 3 minutes: https://youtu.be/DTkOQKW3HT4

20240109: Real-time updates and real-time profits: https://youtu.be/BCnttK7d4HI

20240110: Real-time online statistics: https://bit.ly/42a34yt

20240111: Result analysis method: https://youtu.be/-UF4nYCsc_Q

20240112: Watch Forex Earthquake Live: https://youtu.be/G-yuRxb8DqU

20240115: What if the trend changes today? https://youtu.be/jj_Ouapwz1M

In this video, I’ll talk about a potential change in trend. In this chart you can see that the price is falling, the main trend shown here by the two moving averages is still up, but if the price falls below the two moving averages this could indicate a change. Long-term trend. Now let’s zoom in on the chart. Today is January 15th. Last week I was unable to change my Metaquotes demo investor password so I had to restart my robot trading system with a different trading account and this was actually necessary to update myfxbook.com statistics. And then I found out that FXBlue doesn’t support the Metaquotes demo account, so I can’t post statistics. The last transaction of the day was about 2 hours ago. Currently we have a profit of $520 and now the question is how should we configure our system to handle a potential change in trend from here? We’ve had a lot of trading over the past few days, but right now it looks like the price will fall below the two moving averages here. Then we need to set rules about what we want to do and when we want to do it.

Most discretionary traders make emotional decisions, but we can measure the situation. For example, by clicking on the chart and pressing the center mouse button, you can measure the distance from the current price to the upper moving average, which is currently at 318 points. And you can set a rule that the system will only trade if the minimum distance between the moving average and the current price is more than 200 points. On the other hand, if you stop trading here, it may take two to three weeks until the main trend actually changes enough for the price to fall below both moving averages. And as long as the green moving average is above the red moving average, you will see a crossover because this is still a valid uptrend. If we zoom in on the chart as much as we can and disable autoscroll for now, we can see that this upward trend has been in effect since November 2023, and no crossover has occurred here. Price touched the upper moving average twice, but this time very close. There is currently no public deal, so there are two possible options.

The price remains in a range where the system determines that the distance to the SMA is high enough. In this case, an additional purchase transaction will be initiated. Alternatively, if the price falls below the minimum distance or crosses the moving average, the system will wait for the price to return to a buy zone where trading is allowed, or until the main trend changes to a downtrend. And so far I am happy with the results. Of course, you can increase your position size or risk level, but I focus more on stability. So let’s see what happens this week. This is this video. Thank you for watching. Oh, by the way, this is a statistics site. You can break down all the details here by clicking the link below the video description. In my case it’s German because I’m from Germany, but it recognizes my operating system’s native language. So that’s it for now.

If you would like to code your own robot trading system or would like to hire one, please contact me or visit my website. now. Thank you for watching and I’ll see you in the next video.