Sigma-MT v1.0 Quick Start
Part of the Sigma-MT course. By the end of this simple guide you will have Sigma-MT running on a live chart and begin to understand some of the elements presented by this time frequency approach.
What is Sigma-MT?
Sigma-MT is an advanced Expert Advisor for the trading platform MetaTrader 5, available exclusively to VIP cycle analyst members on Sigma-L (founding members).
It is a direct port and enhancement of the python/numpy version I have developed over the last few years and has been seen previously in posts on Sigma-L. It is a bespoke, unique and powerful way to detect, analyse and act upon statistically significant periodic features in financial markets. It abstracts away many of the more technical aspects of this approach but retains a great degree of adaptability, alongside a streamlined interface and fast computation (processor dependent!). I hope you will enjoy using it as much as I do and discover some cyclic gems in the process.
Sigma-MT is not an indicator/expert advisor in the usual Meta Trader sense. It is a time-frequency analysis engine, drawn from the same family of mathematics used in radar and seismology, pointed at price. Rather than smoothing price and hoping a crossover means something, it decomposes the series into its component frequencies, watches how their power evolves through time, and tells you which cycle is dominant right now, where that cycle sits in its phase, and how much confidence the detection deserves.
This guide takes you from a fresh install to reading that information. Everything deeper, from the detection mathematics through projection, yield statistics, composites and the Sigma-MT Scanner, has its own guide in this series. Here we simply get you on the chart.
For a complete reference to all of the controls for analysis navigation see Sigma-MT keyboard reference.
See also: Sigma-MT v1.0 Input Reference for a complete guide to all input parameters in the EA
1. Install
Copy Sigma-MT.ex5 into your MT5 data folder under MQL5\Experts (in MT5, go to File → Open Data Folder), then restart the terminal or right-click Expert Advisors in the Navigator and hit Refresh.
Sigma-MT places no trades. It is pure analysis, so there is nothing to configure on the trading side: no DLLs, no web requests, and no permissions beyond a standard EA attach.
