This article shows the basics of MQL for beginners to design their Algorithmic trading system (Expert Advisor) through designing a simple algorithmic trading system after mentioning some basics of MQL5
It helps to calculate the risk per trade, the easy installation of a new order, order management with partial closing functions, trailing stop of 7 types and other useful functions. Attention, the application does not work in the strategy tester. Manual, Description, Download demo Line function - shows on the chart the Opening line, Stop Loss, Take Profit. With this function it is easy to set a new order and see its additional characteristics before opening. Risk management
The EA opens and closes new orders on time. It can be used to implement trading scenarios of any complexity by creating a list of tasks. There are two options for completing the task The task is executed on the specified date and time - it is executed once and is removed from the list. The task is executed with repetition on the specified day of the week and time - the task with repetitions is not removed from the list. Panel settings Symbol - select the symbol for the trade
Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The
Because style matters I know how annoying it is to click properties every time to change the candle’s color, the background to light or dark, and put or remove the grid. Here is the solution with one click: Three customizable buttons to choose the candle style that traders want. One button to switch between Day and Night mode. One button to show or hide the Grid on the charts. *****On the settings, you can choose where the buttons should be displayed on the screen***** Please consider
The indicator based on (Williams` Percent Range) analyzes the signal line touches along the channel walls and forms zones for deciding on the direction of the price movement. For convenience, an alert function is built in. You can also enable and disable the desired zones. Several indicators with different settings can be used on one chart. This will help you choose the best strategy
What Is Moving Average Convergence Divergence (MACD)? Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a
This indicator allows you to manage your exposure and see how the lot changes. You can choose the optimal lot value for your deposit without opening real positions. And also evaluate new trading instruments. If you trade manually, then risk management will help you avoid unexpected losses. The indicator includes the ability to receive a sound signal when a specified level is reached, as well as send push notifications and a message to the mail
This information indicator will be useful for those who always want to be aware of the current situation on the account. The indicator displays data such as profit in points, percentage and currency, as well as the spread for the current pair and the time until the bar closes on the current timeframe. VERSION MT5 - More useful indicators There are several options for placing the information line on the chart: 1. To the right of the price (runs behind the price); 2. As a comment (in the upper
A top-quality implementation of the famous Super Trend indicator, which needs no introduction. It is completely loyal to the original algorithm, and implements many other useful features such as a multi-timeframe dashboard. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade It implements alerts of all kinds It implements a multi-timeframe dashboard It is non-repainting and non-backpainting Input Parameters ATR Period - This is the average true range
Info Plus is a simple tool that displays the current status on an asset class. The information displayed by Info Plus includes: Bid Price The high and low of the day. Candle time left. Current spread. Selected timeframe. Asset class selected (Symbol). Pip value. Open Positions. Total pips booked. Pips per trade. Session times (they may not be accurate and are subject to changes). Date and time. How it Works When loaded onto any chart, Info Plus automatically gets the following parameters: Bid
Auto SLTP Maker MT5 is an assistant for all those who forget to set StopLoss and/or TakeProfit in deal parameters, or trade on a very fast market and fail to place them in time. This tool automatically tracks trades without StopLoss and/or TakeProfit and checks what level should be set in accordance with the settings. The tool works both with market and pending orders. The type of orders to work with can be set in the parameters. It can track either trades for the instrument it runs on, or
This is a simple and very effective utility for closing orders with one click. You will need it if you have a number of open orders on your balance and it takes too long to close them manually, which might lead to an extra loss of money on the account. The utility consists of an external panel with two buttons " Close by Filter" and " Close ALL" , which is convenient to move around the graph. You can set the Close ALL utility so that orders are closed as soon as the specified profit or
This EA is designed to monitor the slippage of opening and closing orders, and save the records in files. It is useful to record the slippage and evaluate brokers. The record files are saved in the folder MT4_Data_Folder\MQL4\Files. Go to "File " --> "Open Data Folder" . Warning : Do NOT open the files directly, otherwise it will affect the exectution of EA, just copy them to another folder and open them. Usage: Open a chart and load the EA on it, just need only one EA to run, it
The indicator Forex Session displays official forex session times for Asia, Europe, America. Main features shows Asian, European and American sessions shows the session volatility it can also be used for breakout trading Indicator parameters 01: Sessions Session value - number of sessions Last session in developing mode - the session will be progressively displayed Adapts the size session to range - session size adjusts to volatility 02: Display Asia - on/off
The Market Info is a universal indicator to show basic information about the market in a simple table on the chart. Main features Displays current market information as: Symbol name Timeframe Price Spread Average daily range Current daily range Broker time Local time Market hours Date Remaining bar time Indicator parameters All indicator settings are arranged in logical blocks for easy orientation and adjustment. You can set this features: 01: Main Corner - position on chart Left up Left