Mql5 Projects: Code A Quarters Theory Strategy In Mql5

A comprehensive guide to developing a complex algorithmic trading system that implements the Quarters in MQL5

What you'll learn

How to code a Quarters Theory expert advisor

How to use a weighted average exit for cost averaging

How to use linear lot increments for faster cost averaging exits

How to automatically calculate Forex Round Numbers

Requirements

Basic MQL5 Competence

Description

One of the most fundamental concepts that traders use to analyze and predict market movements is the Quarters Theory. The Quarters theory was publicized by Illian Yotov in his book, the Quarters theory, a revolutionary way to trade. This theory revolves around the idea that markets tend to move in quarters, breaking into distinct price zones that traders use to identify key points of support, resistance, and overall market direction. By understanding the Quarters Theory and how these price zones form, traders can develop more informed strategies and improve their chances of success in the currency markets.In this course, our aim is to build an expert advisor based on the Quarters Theory in MQL5. We will start by creating a Quarters Theory indicator, helping you learn how to identify these key price zones using programming tools. I'll walk you through the logic of the code, ensuring you understand each step of the process.In our strategy, we’ll focus on trade management techniques that help minimize risk. Unlike methods that rely on increasing lot sizes exponentially, such as Martingale, our system will use a linear approach to gradually adjust position sizes. This allows for faster exits while still managing risk in a controlled way through multi-level entries at different price zones.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'll patiently guide you through 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 Quarters Theory and will better appreciate how understanding market zones can help shape your own trading strategies.So, hit the enroll button now and join me on this exciting journey of coding a Quarters Theory-based trading strategy using the MQL5 algorithmic trading language!

Overview

Section 1: Introduction

Lecture 1 The Quarters Theory

Section 2: Coding the EA

Lecture 2 General Parameters

Lecture 3 Setting the calculation interval

Lecture 4 Calculating Round Numbers

Lecture 5 Drawing Round Number Lines

Lecture 6 Creating Class Objects

Lecture 7 Counting the Number of Trades

Lecture 8 Getting the Position Size

Lecture 9 Entering Limit Orders

Lecture 10 Updating Price Levels

Lecture 11 Modifying Pending Orders

Lecture 12 Adding a Trailing StopLoss

Lecture 13 Getting the Next Trade Level

Lecture 14 Executing Cost Averaging Trades

Lecture 15 Modifying Cost Averaging Orders

Lecture 16 Calculating The Average Price

Lecture 17 Adding a Trailing Take Profit

Lecture 18 Detecting Triggered Orders

Lecture 19 Putting It All Together

Lecture 20 Testing the Expert Advisor

Section 3: Conclusion

Lecture 21 Conclusion

Anyone willing to learn how to code a support and resistance expert advisor,Anyone willing to learn how to calculate Round number levels automatically with MQL5,Anyone willing to learn how to use weighted average exits in cost averaging,Anyone willing to learn to use linear lot increments for faster cost averaging exits