Burg Extrapolator
Info
The Burg Extrapolator is a Expert Advisor for MetaTrader 5 that the expert advisor utilizes burg's method for linear prediction, which is based on determining future values as linear functions of previous values. Given the x[0].
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Burg Extrapolator
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The expert advisor utilizes Burg's method for linear prediction, which is based on determining future values as linear functions of previous values.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Exp Laguerre ROC: Trading System - another powerful expert for MetaTrader 5 traders.
The expert advisor utilizes Burg's method for linear prediction, which is based on determining future values as linear functions of previous values. Given the x[0]..x[n-1] price range, where higher indices represent more recent prices, the prediction of the x[n] future price is calculated as:Also recommended: Absorption EA - similar expert with strong performance on MetaTrader 5.
x[n] = -sum(a[i]*x[n-i], i=1..p)Here, a[i=1..p] are model ratios, and p is the model order. Burg's method identifies the a[] ratios by minimizing the mean-square error on the last n-p training bars.
Input Parameters:
- maxrisk: Maximum risk for all concurrent deals.
- ntmax: Maximum number of deals in one direction.
- minprofit: Minimum predicted profit to open positions.
- maxloss: Maximum predicted loss to close positions.
- takeprofit: Take profit value.
- stoploss: Stop loss value.
- trailingstop: Trailing stop function.
- pastbars: Number of previous bars used for future value prediction.
- modelorder: Burg's model order as a fraction of past bars (0..1).
- usemom: Enables detrend of input data using mom(i)=log[p(i)/p(i-1)].
- useroc: Enables detrend of input data using roc=100*(p(i)/p(i-1)-1). Only one of usemom and useroc can be true.
Note: Like many optimized expert advisors, Burg Extrapolator performs well on training bars but may steadily lose money without constant re-optimization.
You may also like: trade signals based on 3 black crows/3 white soldiers + cci indicator - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.