Coin Toss Trading
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Coin Toss Trading
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
Description & Settings
ASSUMPTIONS
Market conditions are indeterminable. Billions of factors are affecting market in different ways.
At any instant evenly spaced upward or downward movements have same probability of occurence like in coin toss game.
USAGE
Double-Click or Drag-Drop on an active chart.
Script opens a buy or sell order randomly.
Volume and Exit Levels are determined by user inputs.
Use DeleteObjects to clear setup lines after closing order.
HOW TO WIN IN A TWO PROBABILITY GAME
Open order randomly. In equally spaced TP and SL you have 50% wining probability.
Until hitting SL, you will have chances to close order with smaller profits unless unluckily you catched the top/bottom.
To increase winning probability SL range should be greater than TP range.
In short term count of wins will be more than losses. In long term they will be equal. (Zero Sum Game)
