mt c Combo
Info
The mt c Combo is a Expert Advisor for MetaTrader 5 that the objective of this expert advisor (ea) is to design and train a neural network (nn) to enhance a basic trading system (bts). The idea is to create a complementary system where the NN can perform actions that the BTS cannot, resulting in a more comprehensive trading strategy.
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 mt c Combo
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 objective of this Expert Advisor (EA) is to design and train a neural network (NN) to enhance a basic trading system (BTS).
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: Combo Right - another powerful expert for MetaTrader 5 traders.
The objective of this Expert Advisor (EA) is to design and train a neural network (NN) to enhance a basic trading system (BTS). The idea is to create a complementary system where the NN can perform actions that the BTS cannot, resulting in a more comprehensive trading strategy.Also recommended: Expert Advisor: Exp Bezier St Dev - similar expert with strong performance on MetaTrader 5.
Instead of reinventing the wheel, the approach is to combine existing strategies. If we have a trend-based BTS, the NN can be trained for counter-trend strategies. This way, the combined system can handle various market conditions, including trends and flats, and identify roll-backs and reversals.
The EA employs a two-layer neural network with two bottom-layer perceptrons and one upper-layer perceptron. The network operates in three states: entering long, entering short, or undefined. In the undefined state, control is passed to the BTS, while the network generates trading signals in the other two states.
The optimization process is divided into four stages, with each stage focusing on training a specific part of the neural network or the BTS:
1. BTS Optimization: Set the 'pass' input to 1 and optimize the BTS parameters, including take profit, stop loss, and oscillator period.
2. Short Position Perceptron Training: Set 'pass' to 2, optimize weight ratios, take profit, stop loss, and price difference period for short positions.
3. Long Position Perceptron Training: Set 'pass' to 3, optimize weight ratios, take profit, stop loss, and price difference period for long positions.
4. First Layer (Upper-Layer Perceptron) Training: Set 'pass' to 4, optimize weight ratios and price difference period for the first layer.
The EA also includes a magic number input to identify its orders. The initial deposit size is set as a safety margin, and the source code can be modified to replace the BTS with another trading system.
Re-optimization is recommended during weekends if the previous week's results were unprofitable, indicating market changes. If the EA is profitable, re-optimization is not necessary as it already recognizes market patterns effectively.
You may also like: Double Moving Average Crossover EA - 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.