0 CSM MTF Indicator

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The strength indicators allow me to look for currency correlations. Currently, EUR and CHF are extremely positively correlated. AUD and NZD are traditionally correlated (although events in China seem to have affected AUD over the last few months, diluting this correlation), while USD and JPY seem to move in and out of positive correlation. CAD is something of a wildcard; it occasionally sides with USD but generally floats 'somewhere in the middle'. A couple of years back, GBP and EUR were positively correlated, but this is no longer the case. Recently, GBP has been siding with USD and JPY, as very strong, while NZD (and to a lesser extent, EUR and CHF) have been weak. Recent long positions on GBPNZD have been extremely profitable.Understanding correlation is a great adjunct to any trend-following strategy. Trading strong vs weak simply tells the trader which pair to trade, and can therefore be used as an independent add-on to any strategy,without affecting the strategy itself, but further augmenting any edge that is provided by the strategy.
............................by Hanover-The programmer of the CSM

How to download click here

0 Step by Step to Create Your Own Trading System

It is not easy to find your own style of trading system.Spending a long times,a lot of money.Searching arround the internet.Try and error.And it's not a guarantee you will definitely find it.Have you ever experienced anything like that?
 Why do not you create your own Trading System?

You can Create as like as you want the System will appear on the chart.This way is not about mastery coding.Actually,I will tell you how to combine several indicator into a trading system.

 Step by Step to Create Your Own Trading System,here you are:

1. Place some of your favorit indicators into folder C:\Program Files\MetaTrader 4 \experts\indicators.
Before you do it,at first you have to think in your mind that the indicators you choose are your best ones.Do you want the best result?That is it.

2.Open chart.
After chart opened. Choose the PAIR where you want the System has the best perfomance on it.

3. Attach the indicators.
Make the best setting one by one of the indicators.Note that you have not to attach many indicators on the chart,only one even nothing is enough if you think it is what you want to.

4.Appearance setting
Do this if you feel happy when you see the appearance of chart you made.At least it will help you in trading.It does not make you bored when to linger in front of chart.
Do the steps below:

• Right Click--> Select properties.

• Make you best setting for your new system.

Click 'OK'.And see the result.Or repeat it again,until you get your perfect setting.

5. Create Template

See image:
Click the arrow on the Tab Template




Click 'Save'.Your Trading System has been created. Don't forget to use BT tools to know perfomance of your new System.

6. The last step,Save Your System.

• Go to : C:\Program Files\MetaTrader 4\experts\indicators, find the indicators of your trading System.Copy/paste to new Folder,example name: 'indicators'.
• Go to : C:\Program Files\MetaTrader 4\templates,find your template.Copy/Paste to new Folder.Example name: 'Template'
• Create your own rule of your Trading System.Save to new folder.For example: ' User Guide'.
• Create New Folder again,give the name of your System then place all folders above into here.
• Place the last Folder to the safe drive.

Please note that to create the Trading System by this way,you have to select and combine the indicators that support each other.So No missing performance.

Good luck!

0 Renko EA for Renko Chart

Do you want to trade using Renko Chart?
Here's the EA.This EA will change your Time Frame chart to the Renko Chart.
See the TF Chart image below.

And After you install Renko EA to your Chart,it will be like this:

How to Install Click here

Download



How to download: click here

0 How to Create an EA Part 3

Previous Part 2,click here


Let us discuss the above code one by one:
1. # Property copyright "xxxx" code indicates ownership of an EA. This code works only when back testing course which will display the owner's name behind his name EA. See fig.

2. # Property link code indicates the maker EA link, in this case 'me'.

3. MagicNumber variable is used as an identifier order by EA. Only orders made by EA that has MagicNumber.

4. StartLot  variable indicating the amount of lots traded by EA basis. This variable is named StartLot Why? Because if the martingale feature enabled, This StartLot is the beginning of the arrangement lot of different magnitude

5. This StopLoss variable indicates stoploss levels if the market moves against.

6. Takeprofit variable shows how much our profit target in pips per order made by EA

7. TrailingStop variable shows how many pips in each direction will shift stoplossnya profit EA.

8. MoveToBreakEvent variable if set to true, after the price moves towards the profit of stoplevel + LockedPips, then stoploss will be moved to the opening price + / - LockedPips,depending on the type of orders

9. LockedPips read no. 8

10. RSIPeriod variable indicates the number of bars is calculated to obtain the value of RSI

11. UpperLevel variable to determine overbought

12. LowerLevel variable to determine oversold

13. Martingale variable if set to true, then the martingale function in this EA will be activated

14. This variable multiplier is multiplication factor that used to determine the amount of lots on the next order if the previous order is loss and the function of the martingale EA is enabled

15. DeepLevel  variable is used to determine how many levels deep martingale defeat of lot will be covered or duplicated over and over in the event of loss neberus row.

16. StartHour variables used to determine the clock starts trading

17. EndHour variables used to define the clock stops trading

Next we create an important function for this EA, the Counting Order Function.
More or less code of Counting Order Functions are as follows:

This function produces how many open orders are only made ​​by the EA. Other orders suppose we open another order both in the same pair or a different pair will not be counted.
Next we will create other functions that are not less important than the previous function.That is the checkforlosses function of the order  recently closed.

I use code like this:

advantage of this function it will still be able to recognize orders made ​​by EA and consider it a loss of orders or a profit even if the owner of EA makes a lot of orders manually.
Other functions that need to be made is lastlot. Lastlot used to determine lotsize of an order after found a loss by The CheckforLoss function above.

The code is like this:

 This Function is to calculate Lot amount even the martigale is actived or not


Continued......

0 How to Create an EA Part 2

Previous Part1,click here

8. This step can also be passed directly by clicking on "finish". If you do, then external variable can be typed directly from the MetaTrader. Such stiffened if not much time to do the coding
It will be opened MetaEditor with a view like this:

9. Expand worksheet so relieved and unsightly

after unfolded, it was clear that a single worksheet MQL4 (EA) consists of several parts. :
Part. 1. Header File: contains the author information or owners
Part. 2. Copyright and link properties
Bag. 3. Initialization function. this function to initialize some variables EA
that the coding deliberately inserted into it. This function works only one time that when you first drop into the EA in drawing this chart.
Part. 4. Deinitialization function. This function only works once when EA shut down
Part. 5. Start function. function is called and comes to work every time a new tick.

Then we make the Code for user input that more less like this:

Continued >>

0 How to Create an EA -Part 1

Step by Step to Create an EA.

1. Open Metatrader
2. Click Icon such as below:
3. Then it will be open  MetaEditor like in the picture below:
4. Click the icon as shown below (circled in red):

5. Then it will pop up a dialog box like this. Do not forget to tick "expert advisor" and click "next" button because we will make EA first
6. Then fill the EA parameters by clicking the "add" button and double click on the arrow No. 2 to 4 below
7. Then click the "Finish" button when you're done

Continued...>

0 How to Install Renko Chart

Step by step to Install Renko Chart:

Step 1:
 Click Tools>Options Click



Click Tab Charts and check all boxs, Insert 9999999999999 to field Max bars in history and Max bars in chart.


Click Tab Expert Advisors and make sure to check all options like this picture below.



Then press OK

Step 2:
Attach your Trading System to your MT4 Folder.
Copy file Experts to folder
 C:\Program Files\Your MT4\experts
Copy file indicators to folder
 C:\Program Files\Your MT4\experts\indicators
Copy file template.tpl to Folder :
 C:\Program Files\Your MT4\templates

Step 3:
Open your MT4. Then open chart time frame 1 minute,example: EUR/USD TF 1M.Zoom out to smallest chart then press HOME key on keyboard several times.We do this step to get history data minimum 1 to 2 month ago.

Step 4:
Click view,navigator




Now drag-drop RenkoLiveChart_v3.2 EA to chart TF 1M.





Note: You can make choice about Renko BoxSize.But we recommend to you to use Boxsize 5 for Good result Scalping Mode.
Click OK and actived Expert Advisors such as this picture below:




Step 5:
And now,Renko Chart is running to your MT4 and Price Data from chart TF1 have been ready to used by Renko Chart Step 5 After EA Renko was installed to Chart TF M1,You can display the Renko chart .
Here the way:

Click File>Open Offline

>


 Find Chart Time Frame M2 in the list and then Click Open.



Now Renko chart is displayed in the chart M2 (offline). Keep in mind that in order to M2 Chart (offline) always update data from EA attached in the M1 Chart.You have to let M1 must go on (not to be closed), because the data rates of the M1 chart is used as a data feed to create M2 offline chart via EA
Here is an example of a finished Renko Chart without Template :

 

Step 6:

Attach your Template to the Chart.


Happy Trading