MQL5 PROJECTS: Black Fairy Hedging Grid Scalping Strategy

The Black Fairy trading strategy is a mean reversion system. It seeks to find market tops and bottoms by calculating how far price has deviated from the mean. Its entry principles are based on the fact that price will always revert back to the mean no matter how far it may deviate from it.

In this course, we’ll explore the power of the Black Fairy strategy, a system that capitalizes on entries in the market during its movement towards the mean. With the application of powerful trade management protocols and risk adjustments, this strategy has become a source of pride for me, and I’m excited to share it with you.

Our focus will be on trade management strategies, as we walk you through the process of building a complex Expert Advisor that uses advanced trade management techniques to earn consistent profits in the market. We’ll teach you how to code custom chart appearances, calculate custom indicator values, and interpret trading strategy concepts using functional programming.

But that’s not all – we’ll also explore some of the most interesting and unique ways to use the MQL5 language that you won’t find in other courses.

Throughout the course, we’ll cover a range of trade management strategies, including cost averaging, trailing stops, and hedging, to help you optimize your trading system and minimize losses. We’ll also explore how to debug and optimize your Expert Advisor to ensure maximum efficiency with minimal curve fitting.

Here’s a preview of what you’ll learn in this course:

1. Custom chart appearances – Discover how to code a custom chart appearance to change the appearance of any chart when our expert advisor is loaded.

2. Custom indicator values – Learn how to calculate custom indicator values within an expert advisor and publish it as one file as required by the Metaquotes marketplace.

3. Functional programming – Understand the thought process of functional programming to interpret trading strategy protocol concepts and translate them into code.

4. Cost averaging – Add cost averaging capabilities to our EA with a fixed virtual monetary take profit.

5. Trailing stop – Explore the idea of trailing the price with a trailing stop for a basket of orders after our monetary take profit amount is reached to squeeze more profits out of our positions.

6. Trailing take profit – Use a trailing take profit to escape the eventuality of a runaway grid.

7. Hedging – Use hedging to shift your position in the market towards the prevailing market direction when the market conditions do not favor us as a loss recovery strategy.

8. Debugging – Learn how to debug expert advisors to find inefficiencies in our code and solve them.

9. Optimization – Discover how to optimize a strategy with minimum curve fitting of parameters.

Enroll today and join us on this incredible journey of developing the Black Fairy trading strategy. Click that enroll button now and take the first step towards trading success!

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