What you'll learn

How Decomposition trade management works
How to code an RSI mean reversion system
How to code a cost averaging EA without martingale
How to calculate the average price of trades with different volumes

Requirements

Beginner level knowledge of MQL5

Description

The worst of trading systems can be turned into a jewel when the correct and befitting trade management strategy is implemented. Trade management is what really makes or breaks a strategy. Strategizing on how to exit in profit or loss is paramount to long term profitability when trading in the currency markets. Having a solid trade management technique is far better than trying to optimize the entry logic for your strategy.In this course, I am very proud to introduce a brain child of my imagination, a truly unique and revolutionary technique for managing trades. I came upon this trade management by mistake while trying to develop a loss recovery MQL5 marketplace product that saves trading accounts in an equity drawdown. Because of the manner in which it works, I decided to name it Decomposition trade management.To demonstrate decomposition trade management, am going to use an RSI mean reversion strategy. So in this course, am going to teach you how to code an RSI mean reversion system that utilizes Decomposition trade management. So I shall first guide you through the logic of the strategy we are going to develop. Then we shall focus on developing the entry logic of the EA using programming tools. After that, we shall develop the risk management part of the EA, then finally we shall focus on how we shall close our trades using the ingenious trade management technique proposed in this course. I'll walk you through the entire logic of the code, ensuring you understand each step of the process.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 Decomposition trade management.So, hit the enroll button now and join me on this exciting journey of coding a Decomposition trade management based trading strategy using the MQL5 algorithmic trading language!
Anyone willing to learn how to create Expert advisors that implement Decomposition trade management


Homepage:

https://www.udemy.com/course/mql5-advanced-decomposition-trade-management/