Designing and Creating Expert Advisor on Forex Based on Moving Average Indicator Moving Average Indicators Using Martingale System

Muhammad Farman Andrijasa, Anton Topadang, Dwi Tandi, Saiful Ismail, Norulhusna Ahmad

2022

Abstract

The foreign exchange market is a form of a futures market where sellers and buyers of foreign exchange meet. Although it is not tangible like the market that is commonly found, although only online this market is a large capital market and has a physical office even though this market is online this market has problems that can interfere with the comfort and stability of profits when trading manually in the forex market, namely lack experience, psychological pressure, overconfidence, impatience, not being patient looking for opportunities, carried away emotions, and also traders who have to be constantly in front of the computer to maintain and always control the market situation. The creation of software contains a trading system using moving average indicators using the martingale system. This software is made in the Meta Editor application which uses the MQL language as its programming language which tends to be similar to the C++ language. Later this application can run on the MetaTrader4 application. The expert advisors applied are expected to help traders and be useful to facilitate trader performance to make it more effective and efficient to carry out trading activities on the forex market. The created Expert Advisor has been tested in 2021 in EURUSD currency in the M30 timeframe. The created application can make a profit of 57% of the value of the initial deposit.

Paper Citation

in Harvard Style

Farman Andrijasa M., Topadang A., Tandi D., Ismail S. and Ahmad N. (2022). Designing and Creating Expert Advisor on Forex Based on Moving Average Indicator Moving Average Indicators Using Martingale System. In Proceedings of the 5th International Conference on Applied Science and Technology on Engineering Science - Volume 1: iCAST-ES; ISBN 978-989-758-619-4, SciTePress, pages 461-465. DOI: 10.5220/0011813900003575

in Bibtex Style

@conference{icast-es22,
author={Muhammad Farman Andrijasa and Anton Topadang and Dwi Tandi and Saiful Ismail and Norulhusna Ahmad},
title={Designing and Creating Expert Advisor on Forex Based on Moving Average Indicator Moving Average Indicators Using Martingale System},
booktitle={Proceedings of the 5th International Conference on Applied Science and Technology on Engineering Science - Volume 1: iCAST-ES},
year={2022},
pages={461-465},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011813900003575},
isbn={978-989-758-619-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 5th International Conference on Applied Science and Technology on Engineering Science - Volume 1: iCAST-ES
TI - Designing and Creating Expert Advisor on Forex Based on Moving Average Indicator Moving Average Indicators Using Martingale System
SN - 978-989-758-619-4
AU - Farman Andrijasa M.
AU - Topadang A.
AU - Tandi D.
AU - Ismail S.
AU - Ahmad N.
PY - 2022
SP - 461
EP - 465
DO - 10.5220/0011813900003575
PB - SciTePress