Articles with MQL4 programming examples

Access a huge collection of articles with code examples showing how to create indicators and trading robots for the MetaTrader platform in the MQL5 language. Source codes are attached to the articles, so you can open them in MetaEditor and run them to see how the applications work.

These articles will be useful both for those who have just started exploring automated trading and for professional traders with programming experience. They feature not only examples, but also contain new ideas.

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How to conduct a qualitative analysis of trading signals and select the best of them

The article deals with evaluating the performance of Signals Providers. We offer several additional parameters highlighting signal trading results from a slightly different angle than in traditional

Angles in Trading. Further Study Required

In this article, we discuss the method of trading analysis by measuring angles in the MetaTrader 4 terminal. The article provides a general plan of using angles for trend movement analysis, as well as

How to build and test a Binary Options strategy with the MetaTrader 4 Strategy Tester

Tutorial to build a Binary Options strategy an test it in Strategy-Tester of MetaTrader 4 with Binary-Options-Strategy-Tester utility from marketplace

Portfolio trading in MetaTrader 4

The article reveals the portfolio trading principles and their application to Forex market. A few simple mathematical portfolio arrangement models are considered. The article contains examples of

How to create an indicator of non-standard charts for MetaTrader Market

Through offline charts, programming in MQL4, and reasonable willingness, you can get a variety of chart types: "Point & Figure", "Renko", "Kagi", "Range bars", equivolume charts, etc. In this article

Applying fuzzy logic in trading by means of MQL4

The article deals with examples of applying fuzzy set theory in trading by means of MQL4. The use of FuzzyNet library for MQL4 in the development of an indicator and an Expert Advisor is described as

Enhancing the StrategyTester to Optimize Indicators Solely on the Example of Flat and Trend Markets

It is essential to detect whether a market is flat or not for many strategies. Using the well known ADX we demonstrate how we can use the Strategy Tester not only to optimize this indicator for our

Price Action. Automating the Engulfing Pattern Trading Strategy

This article describes a process of creating an Expert Advisor for MetaTrader 4 based on the Engulfing pattern, as well as the pattern recognition principle, rules of setting pending orders and stop

Price Action. Automating the Inside Bar Trading Strategy

The article describes the development of a MetaTrader 4 Expert Advisor based on the Inside Bar strategy, including Inside Bar detection principles, as well as pending and stop order setting rules

Managing the MetaTrader Terminal via DLL

The article deals with managing MetaTrader user interface elements via an auxiliary DLL library using the example of changing push notification delivery settings. The library source code and the

Trading Ideas Based on Prices Direction and Movement Speed

The article provides a review of an idea based on the analysis of prices' movement direction and their speed. We have performed its formalization in the MQL4 language presented as an expert advisor to

Why Is It Important to Update MetaTrader 4 to the Latest Build by August 1?

From August 1, 2014, MetaTrader 4 desktop terminals older than build 600 will no longer be supported. However, many traders still work with outdated versions and are unaware of the updated platform's

Common Errors in MQL4 Programs and How to Avoid Them

To avoid critical completion of programs, the previous version compiler handled many errors in the runtime environment. For example, division by zero or array out of range are critical errors and

Upgrade to MetaTrader 4 Build 600 and Higher

The new version of the MetaTrader 4 terminal features the updated structure of user data storage. In earlier versions all programs, templates, profiles etc. were stored directly in terminal

Data Structure in MetaTrader 4 Build 600 and Higher

MetaTarder 4 build 600 features the new structure and location of the client terminal files. Now, MQL4 applications are placed in separate directories according to the program type (Expert Advisors

Offline Charts in the New MQL4

Updated MQL4 has the new format for storing historical data and provides the appropriate MqlRates structure for convenient storage of Time, Open, Low, High, Close and Volume values. For many years

Visual Optimization of Indicator and Signal Profitability

This article is a continuation and development of my previous article "Visual Testing of Profitability of Indicators and Alerts". Having added some interactivity to the parameter changing process and

EA Status SMS Notifications

Developing a system of SMS notifications that informs you of the status of your EA so that you are always aware of any critical situation, wherever you may be

Expert Advisor for Trading in the Channel

The Expert Advisor plots the channel lines. The upper and lower channel lines act as support and resistance levels. The Expert Advisor marks datum points, provides sound notification every time the

Alert and Comment for External Indicators (Part Two)

Since I published the article "Alert and Comment for External Indicators", I have been receiving requests and questions regarding the possibility of developing an external informer operating based on

Alert and Comment for External Indicators. Multi-Currency Analysis Through External Scanning

Alert for multi-currency and multiple time frame analysis of external indicators. The article deals with a method of getting event information in respect of events in external indicators, without

Graphical Control of External Parameters of Indicators

External variables of indicators are controlled using a special window where parameters can be changed and the indicator is then run again. The obvious inconvenience of these manipulations has given

Reading RSS News Feeds by Means of MQL4

This article deals with an example of reading RSS markup by means of MQL4 using the functions for HTML tags analysis. We will try to make a work piece which can then be turned into a news indicator or

LibMatrix: Library of Matrix Algebra (Part One)

The author familiarizes the readers with a simple library of matrix algebra and provides descriptions and peculiarities of the main functions

Three Aspects of Manual Trading Automation. Part 1: Trading

This article is the first in a series of articles on manual trading automation in the МetaТrader 4 trading platform. Each of the articles will be devoted to one of the following aspects: automation of

The Random Sandbox

The article includes an interactive "sandbox" as an Excel file which simulates randomized Expert Advisor backtest data. Readers can use this to help explore and more deeply understand the EA

MetaTrader 4 Expert Advisor exchanges information with the outside world

A simple, universal and reliable solution of information exchange between МetaТrader 4 Expert Advisor and the outside world. Suppliers and consumers of the information can be located on different

MetaTrader 4 on Linux

Linux is a Unix-like computer operating system assembled under the model of free and open source software development and distribution. Many home PC users prefer it to MS Windows series. Linux systems

An Insight Into Accumulation/Distribution And Where It Can Get You

The Accumulation/Distribution (A/D) Indicator has one interesting feature - a breakout of the trend line plotted in this indicator chart suggests, with a certain degree of probability, a forthcoming

MetaTrader 4 on Mac OS

Apple products have become very popular. MetaQuotes Software Corp. attentively follows the progress of the IT industry and has already released the special mobile applications for iOS-based devices -

Trader's Kit: Drag Trade Library

The article describes Drag Trade Library that provides functionality for visual trading. The library can easily be integrated into virtually any Expert Advisor. Your Expert Advisor can be transformed

Fractal Analysis of Joint Currency Movements

How independent are currency quotes? Are their movements coordinated or does the movement of one currency suggest nothing of the movement of another? The article describes an effort to tackle this

On Methods of Technical Analysis and Market Forecasting

The article demonstrates the capabilities and potential of a well-known mathematical method coupled with visual thinking and an "out of the box" market outlook. On the one hand, it serves to attract

Enhancing the Quality of the Code with the Help of Unit Test

Even simple programs may often have errors that seem to be unbelievable. "How could I create that?" is our first thought when such an error is revealed. "How can I avoid that?" is the second question

Protect Yourselves, Developers!

Protection of intellectual property is still a big problem. This article describes the basic principles of MQL4-programs protection. Using these principles you can ensure that results of your

Research of Statistical Recurrences of Candle Directions

Is it possible to predict the behavior of the market for a short upcoming interval of time, based on the recurring tendencies of candle directions, at specific times throughout the day? That is, If

Easy Stock Market Trading with MetaTrader

This article raises the issues of automated trading on the stock market. Examples of MetaTrader 4 and QUIK integration are provided for your information. In addition to that, you can familiarize

Meta COT Project - New Horizons for CFTC Report Analysis in MetaTrader 4

The article is about the use of CFTC report data (Open Interest) in MetaTrader. The article describes the proposed META COT project in details, shows how to load and process the necessary information

FANN2MQL Neural Network Tutorial

This article has been made to show you how to use neural networks, via FANN2MQL, using an easy example: teaching a simple pattern to the neuralnetwork, and testing it to see if it can recognize

Trader's Kit: Decorating Indicators

In this article you will find main tasks when decorating indicators, their solution and automation