Its very simple 45 Lines Source code with Money flow index indicator strategy. Its tested with demo account for Coding Learning purpose. Use it for your MT5 robot program education.
Full program step by step code learning images given . first one is full code. its working fine in demo account and its for education purpose only.
learn the MT5 program coding and Earn good .
Step to step writing notes to learning MT5 EA programming.
Step 1- Its basic 20 lines given by MQL5 New EA templates, So just keep the below 20 lines and Delete balance unwanted lines to keep simple.
#property copyright "Copyright 2022, MetaQuotes Ltd."
#property link "https://www.mql5.com"
#property version "1.00"
//+------------------------------------------------------------------+
//| Expert initialization function |
//+------------------------------------------------------------------+
int OnInit(){
return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Expert deinitialization function |
//+------------------------------------------------------------------+
void OnDeinit(const int reason){
}
//+------------------------------------------------------------------+
//| Expert tick function |
//+------------------------------------------------------------------+
void OnTick(){
}
//+------------------------------------------------------------------+
now fresh writing starting for our TimeTrader. in here program concepts is Opening order in Particular time and Closing order in Particular time. Example open order in 10 O clock and Close it in 3 hours later 13 O'clock. In here order open time and closing time is our input decision. So first we take it in code.
Step 2 : add the belw five lines in previous code as Line as 4,5,6,7,8. Now confirm total lines 25.
//+------------------------------------------------------------------+
//| Variables |
//+------------------------------------------------------------------+
input int OpenHour;
input int CloseHour;
Step 3- We need predefined trading functions for Easy programming, So add the include function call. New lines added in 4,5,6 and 7. 7th line only actual program line and balance 3 lines are comments for easy reading. now total lines 29.
Danske Bank economists maintain their strategic case for a lower EUR/USD , predicting the pair to reach 1.02 in the next six-to-twelve months. They argue that this will be driven by tighter financial conditions, relative rates, and asset demand, along with new energy and real rate shocks. In this article, we will explore Danske Bank's reasoning for this forecast and the potential implications for traders and investors.
A lot of talk on who is to blame for the SVB Financial collapse – this is the first big casualty of rapid rate hikes and tighter policy, but who is to blame and what are the next steps?
-SVBs management – they invested short-term deposits in longer term fixed income assets – where a large % of its $120b securities portfolio lacked any kind of interest rate hedge (payers swaps were clearly needed)
-SVBs management – In the past 8 months SVB had no risk manager - fortune.com/2023/03/...-chief-risk-officer/ - no one knows how they efficiently managed risk
-SVBs management – the accounts showed they held $91b of its $120b securities in its HTM (assets Held to Maturity) book – these are assets they intend to hold until maturity but the accounting rules detail, that they don’t need to mark-to-market the moves in the underlying and report the ballooning losses – which again were not hedged.
-SVB deposit mix - 93%+ were above the FDIC insurance limit – this makes depositors v sensitive to any capital concerns at the bank
-SVB deposit mix - VCs had a rapid cash burn, as projects they back are typically driven by changes in interest rates (think Net Present value and Internal rates of return) – depositors took cash off SVB’s balance sheet to fund operations – SVB subsequently had to sell assets as their liabilities fell – we then see realised losses from buying securities at much higher prices.
-Short sellers/investor base – shorts had an eye on unrealised losses from the worsening asset quality for weeks – the selling accelerated when the CEO/ CFO /CMO disclosed they’d sold a chunk of stock on 27 March – it was over when the SVB took a $1.8b hit on its AFS securities available for sale on Wednesday – management sold $21b of its $28b book and announced a $2.25b in equity/debt raising - investors knew with conviction that depositors were fleeing – who supports a raising when liabilities are falling – no one sensible, raising pulled
-The Fed - failing to know such a shift in rates would impact banks asset quality when its primary function is financial stability.
-Regulation - Basel 3 - banks being forced to buy govt paper against deposits - v low risk weighting (perhaps required a hedge
Hard to pinpoint this on one aspect IMO - I think there is a perfect storm going on – a lack of hedging of interest rate risk was clearly a dominant factor behind this. Top down this is a function of rapidly tightening monetary policy and the impact this had on both the asset quality and liability side of the balance sheet – we should recall SVBs model is not the same as others in the banking space, so its hard to say this is systemic – still we wait for the outcome on next steps on how deposits over $250k will be dealt with – we’re hearing they may get 50% back initially but a buyer would be the best solution
The issue for regional/smaller banks comes if is we see some sort of haircut on the deposits claim over $250k – that could see a loss of confidence in holding deposits with other smaller banks names – we shall hear more soon, but broad contagion through the financial system seems unlikely, but it is a possibility given nearly 1/3 deposits in the banking system are uninsured – any bank with a large asset base and low equity are in the spotlight
As said Friday this could be a nothing burger or have real impactions on economics - the big issue happens this week if we see no clarity on how depositors are dealt (seems unlikely) with and we get a hot CPI print
GBPUSD broke out of the descending channel .
Hello traders ,what do you think about USDJPY ?We expect this pair to drop at least to the specified zone after the pullback to the broken level.
If this post was useful to you, do not forget to like and comment.❤️ Hy dear Members . Hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD . GBPUSD is breaking falling Wedge Pattern. And this wedge indicates that we will get a Bullish wave after this.
Here it has maximum Chances we can see a good Bullish wave.
We can see price around 1.27 soon. As this is daily chart so we can see small Retesting but overall we will see a good Bullish wave. Keep in touch we will update further soon.