Trading Orders Algorithm Development: Expert System Approach

Trading Orders Algorithm Development: Expert System Approach

Bronislav Klapuch (University of Ostrava, Czech Republic)
Copyright: © 2017 |Pages: 20
DOI: 10.4018/978-1-5225-0565-5.ch005
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Abstract

The chapter puts into the business of financial markets area in greater detail at FOREX currency market. It describes the main methods used for in currencies trade. The main goal of this paper is to explain the principle of creating an Automated Trading System (ATS) with the MQL4 language. The chapter shows concrete architectural elements of the program on the demonstration examples and it is a guide for the development of an ATS. The main benefit is creation of the original trading system, which optimizes an ATS usage on the base of historical data in practice. Optimization of the trading parameters is based on the equity performance in the historical periods.
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The Principles Of Trading On The Stock, Commodity, And Currency Market

Under the term “Trading” we understand a simply trading on stock exchanges and similar markets. In our terminology we can call the retailer in this case “trader”. Such trader is actually a speculator, who expects a price movement in a particular direction. If the price goes indeed in his direction, he gains. Otherwise he lost. Sometimes we hear in this context the term “investment” and “investor”. Let’s explain the difference between the investment and the speculation.

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