What is a Neural Network

An Artificial Neural Network (ANN) is an information processing paradigm that is inspired by the way biological nervous systems, such as the brain, process information. The key element of this paradigm is the novel structure of the information processing system. It is composed of a large number of highly interconnected processing elements (neurons) working in unison to solve specific problems. ANNs, like people, learn by example. An ANN is configured for a specific application, such as pattern recognition or data classification, through a learning process. Learning in biological systems involves adjustments to the synaptic connections that exist between the neurons. This is true of ANNs as well.

Why do you use neural networks for trading

Neural networks, with their remarkable ability to derive meaning from complicated or imprecise data, can be used to extract patterns and detect trends that are too complex to be noticed by either humans or other computer techniques. A trained neural network can be thought of as an "expert" in the category of information it has been given to analyze. This expert can then be used to provide projections given new situations of interest and answer "what if" questions.

Expert Advisor recommended configuration

1. Recommended forex Pairs: EURUSD
2. Time-frame: H1 Chart
3. Minimum deposit: $100 per pair
4. Recommended spread but not limited: 1 pip

Inputs Description

• Lot - Contract size
• Use Risk Management Lot size
• Percentage of Account Balance to Risk
• Expert Comment - Here you put a comment to identify the trades made by the EA
• Profit in points - Take profit in points
  
• Stop loss in points - Stop loss in points
• MagicNumber
• Trade on Monday
• Trade on Tuesday
• Trade on Wednesday
• Trade on Thursday
• Trade on Friday
• Using Trade Hour
• Start Hour
• End Hour
• w0 - (-1 to 1) Weight values for opening trades
• w1 - (-1 to 1) Weight values for opening trades
• w2 - (-1 to 1) Weight values for opening trades
• w3 - (-1 to 1) Weight values for opening trades
• w4 - (-1 to 1) Weight values for opening trades
• w5 - (-1 to 1) Weight values for opening trades
• w6 - (-1 to 1) Weight values for opening trades
• w7 - (-1 to 1) Weight values for opening trades
• w8 - (-1 to 1) Weight values for opening trades
• w9 - (-1 to 1) Weight values for opening trades
• b0 - (-1 to 1) Bias values for opening trades
• w10 - (-1 to 1) Weight values for opening trades
• w11 - (-1 to 1) Weight values for opening trades
• w12 - (-1 to 1) Weight values for opening trades
• w13 - (-1 to 1) Weight values for opening trades
• w14 - (-1 to 1) Weight values for opening trades
• w15 - (-1 to 1) Weight values for opening trades
• w16 - (-1 to 1) Weight values for opening trades
• w17 - (-1 to 1) Weight values for opening trades
• w18 - (-1 to 1) Weight values for opening trades
• w19 - (-1 to 1) Weight values for opening trades
• b10 - (-1 to 1) Bias values for opening trades
• w20 - (-1 to 1) Weight values for opening trades
• w21 - (-1 to 1) Weight values for opening trades
• w22 - (-1 to 1) Weight values for opening trades
• w23 - (-1 to 1) Weight values for opening trades
• w24 - (-1 to 1) Weight values for opening trades
• w25 - (-1 to 1) Weight values for opening trades
• w26 - (-1 to 1) Weight values for opening trades
• w27 - (-1 to 1) Weight values for opening trades
• w28 - (-1 to 1) Weight values for opening trades
• w29 - (-1 to 1) Weight values for opening trades
• b20 - (-1 to 1) Bias values for opening trades