Under Development: MT5 EA Sigma-MT
We have a new piece of software which will bring the power and insight of our bespoke python app to users. For the first time in 2026, leverage this kind of cutting edge cycle analysis for yourself!
Sigma-MT: Alpha 1.0
So many people have asked me over the last few years whether they can use my software and I am always flattered by this. I developed it initially for myself to examine the claims by Hurst and others of the existence of periodic features in financial markets. I never really intended it to be used by others although we successfully built a multi instrument live scanner which was somewhat useful! Since then I am grateful to have shared many analyses with subscribers here and on X for those who are interested in this rather niche but fascinating area.
I am pleased to say, therefore, over the holiday period and just before, I began development work on porting over the familiar time frequency analysis readers have seen over many years on Sigma-L, to Metatrader’s MQL language. The main question was one of speed. I wanted to ensure that this new version would be fast enough to use intraday (it updates on every new bar) and also flexible enough to perform the many computations required for a robust time frequency analysis. The underlying process is already highly optimised, performing the calculations and wavelet formation all in the frequency domain.
Fortunately, with MQL’s C based language the vectorisation present in the python/numpy version was fairly easily transferred and has produced excellent results. A convolution over 1000 points and 100 frequencies takes less than a quarter of a second.
Enhancements
Over the last few years I have collated a large list of enhancements I want to bring to this kind of market analysis, both from a user experience point of view and from a signal processing point of view. Some of the expectations for features on this expert advisor, as we move toward release, will be (non exhaustive):
Ability to shift analysis anywhere on the chart (currently live in alpha 1.0)
Ability to quickly move up and down the frequency spectra to inspect any features of interest (currently live in alpha 1.0)
Automatic intraday updating (currently live in alpha 1.0, updates on each new bar)
Time frequency analysis on return series
Multi length analysis and composite lines, combining multiple cycles of influence and true, numerically evidenced based compositing / extrapolation
Auto detection at all timeframes
Tuned Kalman filter extrapolation
Composite analysis of many instruments for phase correlation
Aesthetic configuration (colours, spectrogram etc)
High pass filtering at the touch of a button
Future time phase estimation for all detected features
Social media sharing
Currently the alpha is available for testing to founding members only but as we draw closer to something I feel is ready, we will likely list it on the Metatrader shop and also make it available to future founding members here. The exact format remains to be decided.
I can’t wait to see lots of very cool cycle charts coming up on my X feed over 2026 as you guys get your hands on one of the most powerful analysis techniques out there!
Do continue to watch this space for updates, thank you all for your continued support.
David