Today we will finish up with conditional (branching) statements by looking at the else ifstatement. It all really comes together in this tutorial. Detailed visualisations of a EURUSD chart are used to illustrate how the implemented logic would be used in an Algorithmic Trading. You will notice from this video that we are actually looking at a the backbone of a real working trading strategy! Psssstt: by the end of this course you will be able to build the whole strategy start to finish! Isn’t that exciting?!
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The Else statement complements the if statement, and together the two work hand-in-hand. Just like in the previous tutorial, in this video we will study the new bit of information through a real-life example. You will learn how easy it is to simulate trading decisions in a price channel using the if and else statements. Let’s do it!
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Finally! Today we are going to apply our knowledge to the Forex market and work with some real-time EURUSD prices. Very exciting stuff!
We will learn about the if statement and see how we can use it to add decision-making processes to our future FX Robots. Note that the next couple of tutorials will be building on top of this one, so make sure you follow the code in the video carefully! Luckily, in this course we learn by doing, so if you do happen to make an error somewhere – you will be able to pick it up right away.
Get the full course here: https://www.forexboat.com/learn-mql4
