Articles with examples of trading robots developed in MQL5

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An Expert Advisor is the 'pinnacle' of programming and the desired goal of every automated trading developer. Read the articles in this section to create your own trading robot. By following the described steps you will learn how to create, debug and test automated trading systems.

The articles not only teach MQL5 programming, but also show how to implement trading ideas and techniques. You will learn how to program a trailing stop, how to apply money management, how to get the indicator values, and much more.

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Creating a Daily Drawdown Limiter EA in MQL5

Creating a Daily Drawdown Limiter EA in MQL5

The article discusses, from a detailed perspective, how to implement the creation of an Expert Advisor (EA) based on the trading algorithm. This helps to automate the system in the MQL5 and take control of the Daily Drawdown.
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Risk manager for algorithmic trading

Risk manager for algorithmic trading

The objectives of this article are to prove the necessity of using a risk manager and to implement the principles of controlled risk in algorithmic trading in a separate class, so that everyone can verify the effectiveness of the risk standardization approach in intraday trading and investing in financial markets. In this article, we will create a risk manager class for algorithmic trading. This is a logical continuation of the previous article in which we discussed the creation of a risk manager for manual trading.
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Build Self Optimizing Expert Advisors in MQL5  (Part 3): Dynamic Trend Following and Mean Reversion Strategies

Build Self Optimizing Expert Advisors in MQL5 (Part 3): Dynamic Trend Following and Mean Reversion Strategies

Financial markets are typically classified as either in a range mode or a trending mode. This static view of the market may make it easier for us to trade in the short run. However, it is disconnected from the reality of the market. In this article, we look to better understand how exactly financial markets move between these 2 possible modes and how we can use our new understanding of market behavior to gain confidence in our algorithmic trading strategies.
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Implementing the Generalized Hurst Exponent and the Variance Ratio test in MQL5

Implementing the Generalized Hurst Exponent and the Variance Ratio test in MQL5

In this article, we investigate how the Generalized Hurst Exponent and the Variance Ratio test can be utilized to analyze the behaviour of price series in MQL5.
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Testing and optimization of binary options strategies in MetaTrader 5

Testing and optimization of binary options strategies in MetaTrader 5

In this article, I will check and optimize binary options strategies in MetaTrader 5.
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Graph Theory: Dijkstra's Algorithm Applied in Trading

Graph Theory: Dijkstra's Algorithm Applied in Trading

Dijkstra's algorithm, a classic shortest-path solution in graph theory, can optimize trading strategies by modeling market networks. Traders can use it to find the most efficient routes in the candlestick chart data.
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Integration of Broker APIs with Expert Advisors using MQL5 and Python

Integration of Broker APIs with Expert Advisors using MQL5 and Python

In this article, we will discuss the implementation of MQL5 in partnership with Python to perform broker-related operations. Imagine having a continuously running Expert Advisor (EA) hosted on a VPS, executing trades on your behalf. At some point, the ability of the EA to manage funds becomes paramount. This includes operations such as topping up your trading account and initiating withdrawals. In this discussion, we will shed light on the advantages and practical implementation of these features, ensuring seamless integration of fund management into your trading strategy. Stay tuned!
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Trading with the MQL5 Economic Calendar (Part 2): Creating a News Dashboard Panel

Trading with the MQL5 Economic Calendar (Part 2): Creating a News Dashboard Panel

In this article, we create a practical news dashboard panel using the MQL5 Economic Calendar to enhance our trading strategy. We begin by designing the layout, focusing on key elements like event names, importance, and timing, before moving into the setup within MQL5. Finally, we implement a filtering system to display only the most relevant news, giving traders quick access to impactful economic events.
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Neural networks made easy (Part 75): Improving the performance of trajectory prediction models

Neural networks made easy (Part 75): Improving the performance of trajectory prediction models

The models we create are becoming larger and more complex. This increases the costs of not only their training as well as operation. However, the time required to make a decision is often critical. In this regard, let us consider methods for optimizing model performance without loss of quality.
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Implementing the Deus EA: Automated Trading with RSI and Moving Averages in MQL5

Implementing the Deus EA: Automated Trading with RSI and Moving Averages in MQL5

This article outlines the steps to implement the Deus EA based on the RSI and Moving Average indicators for guiding automated trading.
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Building a Candlestick Trend Constraint Model (Part 9): Multiple Strategies Expert Advisor (III)

Building a Candlestick Trend Constraint Model (Part 9): Multiple Strategies Expert Advisor (III)

Welcome to the third installment of our trend series! Today, we’ll delve into the use of divergence as a strategy for identifying optimal entry points within the prevailing daily trend. We’ll also introduce a custom profit-locking mechanism, similar to a trailing stop-loss, but with unique enhancements. In addition, we’ll upgrade the Trend Constraint Expert to a more advanced version, incorporating a new trade execution condition to complement the existing ones. As we move forward, we’ll continue to explore the practical application of MQL5 in algorithmic development, providing you with more in-depth insights and actionable techniques.
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Neural networks made easy (Part 17): Dimensionality reduction

Neural networks made easy (Part 17): Dimensionality reduction

In this part we continue discussing Artificial Intelligence models. Namely, we study unsupervised learning algorithms. We have already discussed one of the clustering algorithms. In this article, I am sharing a variant of solving problems related to dimensionality reduction.
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Neural networks made easy (Part 22): Unsupervised learning of recurrent models

Neural networks made easy (Part 22): Unsupervised learning of recurrent models

We continue to study unsupervised learning algorithms. This time I suggest that we discuss the features of autoencoders when applied to recurrent model training.
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Risk manager for manual trading

Risk manager for manual trading

In this article we will discuss in detail how to write a risk manager class for manual trading from scratch. This class can also be used as a base class for inheritance by algorithmic traders who use automated programs.
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Data Science and Machine Learning (Part 22): Leveraging Autoencoders Neural Networks for Smarter Trades by Moving from Noise to Signal

Data Science and Machine Learning (Part 22): Leveraging Autoencoders Neural Networks for Smarter Trades by Moving from Noise to Signal

In the fast-paced world of financial markets, separating meaningful signals from the noise is crucial for successful trading. By employing sophisticated neural network architectures, autoencoders excel at uncovering hidden patterns within market data, transforming noisy input into actionable insights. In this article, we explore how autoencoders are revolutionizing trading practices, offering traders a powerful tool to enhance decision-making and gain a competitive edge in today's dynamic markets.
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Creating an EA that works automatically (Part 07): Account types (II)

Creating an EA that works automatically (Part 07): Account types (II)

Today we'll see how to create an Expert Advisor that simply and safely works in automatic mode. The trader should always be aware of what the automatic EA is doing, so that if it "goes off the rails", the trader could remove it from the chart as soon as possible and take control of the situation.
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Experiments with neural networks (Part 7): Passing indicators

Experiments with neural networks (Part 7): Passing indicators

Examples of passing indicators to a perceptron. The article describes general concepts and showcases the simplest ready-made Expert Advisor followed by the results of its optimization and forward test.
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Price Action Analysis Toolkit Development (Part 16): Introducing Quarters Theory (II) — Intrusion Detector EA

Price Action Analysis Toolkit Development (Part 16): Introducing Quarters Theory (II) — Intrusion Detector EA

In our previous article, we introduced a simple script called "The Quarters Drawer." Building on that foundation, we are now taking the next step by creating a monitor Expert Advisor (EA) to track these quarters and provide oversight regarding potential market reactions at these levels. Join us as we explore the process of developing a zone detection tool in this article.
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Introduction to MQL5 (Part 17): Building Expert Advisors for Trend Reversals

Introduction to MQL5 (Part 17): Building Expert Advisors for Trend Reversals

This article teaches beginners how to build an Expert Advisor (EA) in MQL5 that trades based on chart pattern recognition using trend line breakouts and reversals. By learning how to retrieve trend line values dynamically and compare them with price action, readers will be able to develop EAs capable of identifying and trading chart patterns such as ascending and descending trend lines, channels, wedges, triangles, and more.
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Example of new Indicator and Conditional LSTM

Example of new Indicator and Conditional LSTM

This article explores the development of an Expert Advisor (EA) for automated trading that combines technical analysis with deep learning predictions.
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News Trading Made Easy (Part 2): Risk Management

News Trading Made Easy (Part 2): Risk Management

In this article, inheritance will be introduced into our previous and new code. A new database design will be implemented to provide efficiency. Additionally, a risk management class will be created to tackle volume calculations.
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Neural Networks in Trading: Enhancing Transformer Efficiency by Reducing Sharpness (SAMformer)

Neural Networks in Trading: Enhancing Transformer Efficiency by Reducing Sharpness (SAMformer)

Training Transformer models requires large amounts of data and is often difficult since the models are not good at generalizing to small datasets. The SAMformer framework helps solve this problem by avoiding poor local minima. This improves the efficiency of models even on limited training datasets.
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Neural networks made easy (Part 58): Decision Transformer (DT)

Neural networks made easy (Part 58): Decision Transformer (DT)

We continue to explore reinforcement learning methods. In this article, I will focus on a slightly different algorithm that considers the Agent’s policy in the paradigm of constructing a sequence of actions.
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Neural networks made easy (Part 23): Building a tool for Transfer Learning

Neural networks made easy (Part 23): Building a tool for Transfer Learning

In this series of articles, we have already mentioned Transfer Learning more than once. However, this was only mentioning. in this article, I suggest filling this gap and taking a closer look at Transfer Learning.
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Creating an MQL5-Telegram Integrated Expert Advisor (Part 3): Sending Chart Screenshots with Captions from MQL5 to Telegram

Creating an MQL5-Telegram Integrated Expert Advisor (Part 3): Sending Chart Screenshots with Captions from MQL5 to Telegram

In this article, we create an MQL5 Expert Advisor that encodes chart screenshots as image data and sends them to a Telegram chat via HTTP requests. By integrating photo encoding and transmission, we enhance the existing MQL5-Telegram system with visual trading insights directly within Telegram.
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Neural networks made easy (Part 73): AutoBots for predicting price movements

Neural networks made easy (Part 73): AutoBots for predicting price movements

We continue to discuss algorithms for training trajectory prediction models. In this article, we will get acquainted with a method called "AutoBots".
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Introduction to MQL5 (Part 19): Automating Wolfe Wave Detection

Introduction to MQL5 (Part 19): Automating Wolfe Wave Detection

This article shows how to programmatically identify bullish and bearish Wolfe Wave patterns and trade them using MQL5. We’ll explore how to identify Wolfe Wave structures programmatically and execute trades based on them using MQL5. This includes detecting key swing points, validating pattern rules, and preparing the EA to act on the signals it finds.
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Price Action Analysis Toolkit Development (Part 7): Signal Pulse EA

Price Action Analysis Toolkit Development (Part 7): Signal Pulse EA

Unlock the potential of multi-timeframe analysis with 'Signal Pulse,' an MQL5 Expert Advisor that integrates Bollinger Bands and the Stochastic Oscillator to deliver accurate, high-probability trading signals. Discover how to implement this strategy and effectively visualize buy and sell opportunities using custom arrows. Ideal for traders seeking to enhance their judgment through automated analysis across multiple timeframes.
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Multilayer perceptron and backpropagation algorithm (Part 3): Integration with the Strategy Tester - Overview (I).

Multilayer perceptron and backpropagation algorithm (Part 3): Integration with the Strategy Tester - Overview (I).

The multilayer perceptron is an evolution of the simple perceptron which can solve non-linear separable problems. Together with the backpropagation algorithm, this neural network can be effectively trained. In Part 3 of the Multilayer Perceptron and Backpropagation series, we'll see how to integrate this technique into the Strategy Tester. This integration will allow the use of complex data analysis aimed at making better decisions to optimize your trading strategies. In this article, we will discuss the advantages and problems of this technique.
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Trading with the MQL5 Economic Calendar (Part 6): Automating Trade Entry with News Event Analysis and Countdown Timers

Trading with the MQL5 Economic Calendar (Part 6): Automating Trade Entry with News Event Analysis and Countdown Timers

In this article, we implement automated trade entry using the MQL5 Economic Calendar by applying user-defined filters and time offsets to identify qualifying news events. We compare forecast and previous values to determine whether to open a BUY or SELL trade. Dynamic countdown timers display the remaining time until news release and reset automatically after a trade.
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Neural networks made easy (Part 53): Reward decomposition

Neural networks made easy (Part 53): Reward decomposition

We have already talked more than once about the importance of correctly selecting the reward function, which we use to stimulate the desired behavior of the Agent by adding rewards or penalties for individual actions. But the question remains open about the decryption of our signals by the Agent. In this article, we will talk about reward decomposition in terms of transmitting individual signals to the trained Agent.
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Self Optimizing Expert Advisors in MQL5 (Part 11): A Gentle Introduction to the Fundamentals of Linear Algebra

Self Optimizing Expert Advisors in MQL5 (Part 11): A Gentle Introduction to the Fundamentals of Linear Algebra

In this discussion, we will set the foundation for using powerful linear, algebra tools that are implemented in the MQL5 matrix and vector API. For us to make proficient use of this API, we need to have a firm understanding of the principles in linear algebra that govern intelligent use of these methods. This article aims to get the reader an intuitive level of understanding of some of the most important rules of linear algebra that we, as algorithmic traders in MQL5 need,to get started, taking advantage of this powerful library.
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Trading with the MQL5 Economic Calendar (Part 9): Elevating News Interaction with a Dynamic Scrollbar and Polished Display

Trading with the MQL5 Economic Calendar (Part 9): Elevating News Interaction with a Dynamic Scrollbar and Polished Display

In this article, we enhance the MQL5 Economic Calendar with a dynamic scrollbar for intuitive news navigation. We ensure seamless event display and efficient updates. We validate the responsive scrollbar and polished dashboard through testing.
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Introduction to MQL5 (Part 14): A Beginner's Guide to Building Custom Indicators (III)

Introduction to MQL5 (Part 14): A Beginner's Guide to Building Custom Indicators (III)

Learn to build a Harmonic Pattern indicator in MQL5 using chart objects. Discover how to detect swing points, apply Fibonacci retracements, and automate pattern recognition.
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Wrapping ONNX models in classes

Wrapping ONNX models in classes

Object-oriented programming enables creation of a more compact code that is easy to read and modify. Here we will have a look at the example for three ONNX models.
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Creating a Dynamic Multi-Symbol, Multi-Period Relative Strength Indicator (RSI) Indicator Dashboard in MQL5

Creating a Dynamic Multi-Symbol, Multi-Period Relative Strength Indicator (RSI) Indicator Dashboard in MQL5

In this article, we develop a dynamic multi-symbol, multi-period RSI indicator dashboard in MQL5, providing traders real-time RSI values across various symbols and timeframes. The dashboard features interactive buttons, real-time updates, and color-coded indicators to help traders make informed decisions.
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Trading with the MQL5 Economic Calendar (Part 1): Mastering the Functions of the MQL5 Economic Calendar

Trading with the MQL5 Economic Calendar (Part 1): Mastering the Functions of the MQL5 Economic Calendar

In this article, we explore how to use the MQL5 Economic Calendar for trading by first understanding its core functionalities. We then implement key functions of the Economic Calendar in MQL5 to extract relevant news data for trading decisions. Finally, we conclude by showcasing how to utilize this information to enhance trading strategies effectively.
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Introduction to MQL5 (Part 8): Beginner's Guide to Building Expert Advisors (II)

Introduction to MQL5 (Part 8): Beginner's Guide to Building Expert Advisors (II)

This article addresses common beginner questions from MQL5 forums and demonstrates practical solutions. Learn to perform essential tasks like buying and selling, obtaining candlestick prices, and managing automated trading aspects such as trade limits, trading periods, and profit/loss thresholds. Get step-by-step guidance to enhance your understanding and implementation of these concepts in MQL5.
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Neural networks made easy (Part 20): Autoencoders

Neural networks made easy (Part 20): Autoencoders

We continue to study unsupervised learning algorithms. Some readers might have questions regarding the relevance of recent publications to the topic of neural networks. In this new article, we get back to studying neural networks.
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Creating a Trading Administrator Panel in MQL5 (Part III): Enhancing the GUI with Visual Styling (I)

Creating a Trading Administrator Panel in MQL5 (Part III): Enhancing the GUI with Visual Styling (I)

In this article, we will focus on visually styling the graphical user interface (GUI) of our Trading Administrator Panel using MQL5. We’ll explore various techniques and features available in MQL5 that allow for customization and optimization of the interface, ensuring it meets the needs of traders while maintaining an attractive aesthetic.