Hi guys,
I took the Excel/Metatrader a few stages further and developed an Excel dashboard which can control custom indicators and EAs in MT4. The excel dashboard provides very granular control over any indicator or EA and is also very quick to modify the underlying parameters.
Essentially the Excel files have a load of embedded macros which write parameters to external files which are read by an underlying *.ex4 handler EA. This then calls external functions to control the various custom indicators and autotrade modules.
The real coup with this approach is it allows a trader to run any number of EAs and indicators on one chart - so you could have automated trendline trading, statisitical arbitrage, news spike auto detection, automated economic news release detection and display, Daily, weekly and Monthly pivots, historical pivots. Price/Proximity audible alerts (configurable) etc etc. I would like to include a risk management module which could allow precision control over max risk per trade etc.
If anyone would like to look at this in more detail. Check
FX Algotrader - FX Trading Tools or email me
[email protected]
I can do custom code work too if anyone wants it.
Hope the Excel route may be of interest to people.