Request for information on how to create a screener or dashboard

AI & Machine learning
1

How can I leverage the knowledge acquired from the courses to develop a screening tool that generates alerts based on trading signals generated by machine learning algorithms?



 mt5



Quantum Currency Dashboard for MT4/MT5 | Quantum Trading Indicators for MetaTrader 4

2

Hi Mark,



Developing a screening tool that generates alerts based on trading signals from machine learning algorithms involves multiple steps:

  • Objective of the screener: What are you aiming for with your screening tool? Are you looking for buy/sell signals, trend changes, or something else?
  • Algorithm Choice: You have learned multiple ML algorithms in the course. Pick a machine learning algorithm that fits your goals. 
  • Data Collection: Get the relevant financial data, like price history and indicators. Clean it up and make sure everything's in order.
  • Feature Selection: Figure out which features matter most. This might involve creating technical indicators or statistical measures.
  • Training and Validation: Split your data, train your model, and fine-tune it for better performance.
  • Signal Generation: Use your trained model to generate trading signals. Define when to buy or sell based on the criteria you've set.
  • Tool Implementation: Build the tool that watches real-time or historical market data. Make it generate alerts when your criteria are met.
  • Backtesting: Test how well your tool would have performed in the past. This helps you refine your strategy.
  • Risk Management: Implement ways to manage risks, like setting stop-loss levels or controlling the size of your positions.
  • Continuous Monitoring: Keep an eye on your tool in real-world conditions. Update your model and strategy as needed.

Hope this helps!
3

Thank you for your assistance. I am seeking guidance on whether there exists a pre-existing template for constructing a python and MT5 Forex screener interface. Additionally, I am in the process of intregating a machine learning algorithm, specifically based on Support Vector Machines (SVM), to generate buy or sell signals. Any insights or resources you can provide on this matter would be greatly appreciated.

4

Hey Mark,



Thanks for your query.



You can refer to below guide on how you can automate trading using MT5 and python

https://quantra.quantinsti.com/glossary/Automated-Trading-using-MT5-and-Python



I hope this helps.



Thanks,

Ishan