using the same idea, i use neuroshell to train the neural network and implement it in mt4 to create the indicator.
Dashed aqua blue line (bottom most) ema 5 bar yellow line forecasted ema(t1) output 1 of neural network green yellow line forecasted ema(t2) output 2 of neural network gold line (top most) forecasted ema(t3) output 3 of neural network in the figure above it is clear from the forecast lines that the trend is going to be bullish eventhough the current ema shows bearish trend.
here in this link neural networks in trading reproducible nn money management with statistically relevant results, a great step forward mechanical forex,the author claims that he created money management techniques with neural network. He is using the trade history in order to predict future will be a winner or a loser.
build neural network indicator in mt4 using neuroshell develop a neural network based indicator has some advantages - indicator may consist of a predicted values, as a leading indicator. - this leading indicator will be useful prior placing any trade - neural network training can be performed using available softwares (freeware and commercial are available).
For remove neural networks mq4 from metatrader chart select the chart where is the indicator running in metatrader client, right click into the chart.
the originator of the pesavento neural net design back in the early 1990s was dennis regan (deceased). John arrington (phd stanford) and larry pessavento spent months reverse engineering the pesavento neural net, testing and understanding thoroughly every aspect of its unique design.
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