This article is dedicated to the Three Line Break chart, suggested by Steve Nison in his book "Beyond Candlesticks". The greatest advantage of this chart is that it allows filtering minor fluctuations of a price in relation to the previous movement. We are going to discuss the principle of the chart construction, the code of the indicator and some examples of trading strategies based on it.
We continue to enhance the Signals service, improve the mechanisms, add new functions and fix flaws. The MetaTrader Signals Service of 2012 and the current MetaTrader Signals Service are like two completely different services. Currently, we are implementing A Virtual Hosting Cloud service which consists of a network of servers to support specific versions of the MetaTrader client terminal.
This time we are going to create a multi-currency Expert Advisor with a trading algorithm based on work with the pending orders Buy Stop and Sell Stop. This article considers the following matters: trading in a specified time range, placing/modifying/deleting pending orders, checking if the last position was closed at Take Profit or Stop Loss and control of the deals history for each symbol.
Selling programs to traders effectively does not only require writing an efficient and useful product and then publishing it on the Market. It is vital to provide a comprehensive, detailed description and good illustrations. A quality logo and correct screenshots are equally as important as the "true coding". Bear in mind a simple formula: no downloads = no sales.
Developers of trading robots no longer need to market their services to traders that require Expert Advisors - as now they will find you. Already, thousands of traders place orders to MQL5 freelance developers, and pay for work in on MQL5.com. For 4 years, this service facilitated three thousand traders to pay for more than 10 000 jobs performed. And the activity of traders and developers is constantly growing!
Let's now shape the PHP-based Twitter idea which was introduced in the first part of this article. We are assembling the different parts of the SDSS. Regarding the client side of the system architecture, we are relying on the new MQL5 WebRequest() function for sending trading signals via HTTP.
A few weeks ago we published the infographic on Freelance service. We also promised to reveal some statistics of the MetaTrader Market. Now, we invite you to examine the data we have gathered.
Let us reveal a little secret: MQL5.com website visitors spend most of their time on Johnpaul77 signal's page. It is a leader of our signal rating having about 900 subscribers with the total funds of $5.7 million on real accounts. We have interviewed the signal's providers. As it turned out, there are four of them! How are duties distributed among the team members? What technical tools do they use? Why do they call themselves John Paul? And finally, how have common gamers from Indonesia become providers of the top signal on MQL5.com? Find out all that in the article.
On the occasion of the MQL5 Freelance Service fourth birthday, we have prepared an info-graphic demonstrating the service results for the entire time of its existence. The figures speak for themselves: more than 10 000 orders worth about $600,000 in total have been executed to date, while 3 000 customers and 300 developers have already used the service.
MQL5 Freelance is an online service where developers get paid for creating trading applications ordered by traders. Now, traders understand the difference between all the services on MQL5.com: a ready-made Trading Robot can be bought from the MetaTrader Market, while a unique Expert Advisor that trades based on a specific user-defined strategy can be ordered in the Freelance service. Experienced developers compete for traders' order implementation, so that a trader can select the one who offers the best time and cost conditions. Since the launch of the service, traders have paid a total of $600,000 for 10,000 jobs performed
Algorithmic trading becomes more popular and needed, which naturally led to a demand for exotic algorithms and unusual tasks. To some extent, such complex applications are available in the Code Base or in the Market. Although traders have simple access to those apps in a couple of clicks, these apps may not satisfy all needs in full. In this case, traders look for developers who can write a desired application in the MQL5 Freelance section and assign an order.
Today we will learn how to link an MetaTrader 5 terminal with Twitter so that you can tweet your EAs' trading signals. We are developing a Social Decision Support System in PHP based on a RESTful web service. This idea comes from a particular conception of automatic trading called computer-assisted trading. We want the cognitive abilities of human traders to filter those trading signals which otherwise would be automatically placed on the market by the Expert Advisors.
The article describes an example of Renko charting and its implementation in MQL5 as an indicator. Modifications of this indicator distinguish it from a classic chart. It can be constructed both in the indicator window and on the main chart. Moreover, there is the ZigZag indicator. You can find a few examples of the chart implementation.
A short life span of futures contracts complicates their technical analysis. It is difficult to technically analyze short charts. For example, number of bars on the day chart of the UX-9.13 Ukrainian Stock index future is more than 100. Therefore, trader creates synthetic long futures contracts. This article explains how to splice futures contracts with different dates in the MetaTrader 5 terminal.
In this article, we will consider the development of a multi-symbol indicator to analyze price divergence in a specified period of time. The core topics have been already discussed in the previous article on the programming of multi-currency indicators "MQL5 Cookbook: Developing a Multi-Symbol Volatility Indicator in MQL5". So this time we will dwell only on those new features and functions that have been changed dramatically. If you are new to the programming of multi-currency indicators, I recommend you to first read the previous article.
Two years ago in "The Last Crusade" we reviewed quite an interesting yet currently not widely used method for displaying market information - point and figure charts. Now I suggest you try to write a trading robot based on the patterns detected on the point and figure chart.
This article is intended for developers who would be interested in using SQL in their projects. It explains the functionality and advantages of SQLite. The article does not require special knowledge of SQLite functions, yet minimum understanding of SQL would be beneficial.
There is currently a fair number of means for a comfortable remote monitoring of a trading account: mobile terminals, push notifications, working with ICQ. But it all requires Internet connection. This article describes the process of creating an Expert Advisor that will allow you to stay in touch with your trading terminal even when mobile Internet is not available, through calls and text messaging.
The new version of the programming language for trading strategy development, MQL [MQL5], provides more powerful and effective features as compared with the previous version [MQL4]. The advantage essentially lies in the object-oriented programming features. This article looks into the possibility of using complex custom data types, such as nodes and lists. It also provides an example of using lists in practical programming in MQL5.
The article describes one of the approaches to determining a useful signal (trend) in stream data. Small filtering (smoothing) tests applied to market quotes demonstrate the potential for creating non-lagging digital filters (indicators) that are not redrawn on the last bars.
In this article, we will consider the development of a multi-symbol volatility indicator. The development of multi-symbol indicators may present some difficulties for novice MQL5 developers which this article helps to clarify. The major issues arising in the course of development of a multi-symbol indicator have to do with the synchronization of other symbols' data with respect to the current symbol, the lack of some indicator data and the identification of the beginning of 'true' bars of a given time frame. All of these issues will be closely considered in the article.
The article proposes Kagi chart indicator with various charting options and additional functions. Also, indicator charting principle and its MQL5 implementation features are considered. The most popular cases of its implementation in trading are displayed - Yin/Yang exchange strategy, pushing away from the trend line and consistently increasing "shoulders"/decreasing "waists".
The article introduces a structure for an Expert Advisor that trades multiple symbols and uses several trading systems simultaneously. If you already identified the optimal input parameters for all your EAs and got good backtesting results for each of them separately, ask yourself what results you would get if testing all EAs simultaneously, with all your strategies put together.
In just 15 minutes, this video tutorial explains what MetaTrader Signals Service is, and demonstrates in great detail how to subscribe to trade signals and how to become a signal provider in our service. By watching this tutorial, you will be able to subscribe to any trading signal, or publish and promote your own signals in our service.
Today's article shows intermediate MQL5 programmers how they can get more profit from their linear trading systems (Fixed Lot) by easily implementing the so-called technique of exponentiation. This is because the resulting equity curve growth is then geometric, or exponential, taking the form of a parabola. Specifically, we will implement a practical MQL5 variant of the Fixed Fractional position sizing developed by Ralph Vince.
Let's continue exploring various controls and this time turn our attention to scrollbar. Just like in the previous article entitled "MQL5 Cookbook: Indicator Subwindow Controls - Buttons", all operations will be performed in the indicator subwindow. Take a moment to read the above mentioned article as it provides a detailed description of working with events in the OnChartEvent() function, while this point will only be casually touched upon in this article. For illustrative purposes, this time around we will create a vertical scrollbar for a large list of all financial instrument properties that can be obtained using MQL5 resources.
In this article, we will consider an example of developing a user interface with button controls. To convey the idea of interactivity to the user, buttons will change their colors when the cursor hovers over them. With the cursor being over a button, the button color will be slightly darkened, getting significantly darker when the button is clicked. Furthermore, we will add tooltips to each button, thus creating an intuitive interface.
There are 21 time frames available in MetaTrader 5 for analysis. You can take advantage of special chart objects that you can place on the existing chart and set the symbol, time frame and some other properties right there. This article will provide detailed information on such chart graphical objects: we will create an indicator with controls (buttons) that will allow us to set multiple chart objects in a subwindow at the same time. Furthermore, chart objects will accurately fit in the subwindow and will be automatically adjusted when the main chart or terminal window is resized.
In this article, we will consider such issues as including sound files in the file of the Expert Advisor, and thus adding sound notifications to trade events. The fact that the files will be included means that the sound files will be located inside the Expert Advisor. So when giving the compiled version of the Expert Advisor (*.ex5) to another user, you will not have to also provide the sound files and explain where they need to be saved.
In this article, technical indicators are treated as digital filters. Operation principles and basic characteristics of digital filters are explained. Also, some practical ways of receiving the filter kernel in MetaTrader 5 terminal and integration with a ready-made spectrum analyzer proposed in the article "Building a Spectrum Analyzer" are considered. Pulse and spectrum characteristics of the typical digital filters are used as examples.
MQL5 provides programmers with a very complete set of functions and object-oriented API thanks to which they can do everything they want within the MetaTrader environment. However, Web Technology is an extremely versatile tool nowadays that may come to the rescue in some situations when you need to do something very specific, want to marvel your customers with something different or simply you do not have enough time to master a specific part of MT5 Standard Library. Today's exercise walks you through a practical example about how you can manage your development time at the same time as you also create an amazing tech cocktail.
We continue the series of articles on MQL5 programming. This time we will see how to get results of each optimization pass right during the Expert Advisor parameter optimization. The implementation will be done so as to ensure that if the conditions specified in the external parameters are met, the corresponding pass values will be written to a file. In addition to test values, we will also save the parameters that brought about such results.
Another quarter of the year has passed and we have decided to sum up its results for MetaTrader AppStore - the largest store of trading robots and technical indicators for MetaTrader platforms. More than 500 developers have placed over 1 200 products in the Market by the end of the reported quarter.
The article describes a method of modifying the code of a trading signal module for the implementation of the functionality allowing you to set pending orders at any distance from the current price: it may be the Close or Open price of the previous bar or the value of the moving average. There are plenty of options. Important is that you can set any opening price for a pending order. This article will be useful to traders who trade with pending orders.
Whatever trading strategy you use, there will always be a question of what parameters to choose to ensure future profits. This article gives an example of an Expert Advisor with a possibility to optimize multiple symbol parameters at the same time. This method is intended to reduce the effect of overfitting parameters and handle situations where data from a single symbol are not enough for the study.
It is possible to start making money on MQL5.com right now without having to be a seller of Market applications or a profitable signals provider. Select the products you like and post links to them on various web resources. Attract potential customers and the profit is yours!
The article describes a method of automated creation of neural network EAs using MQL5 Wizard and Hlaiman EA Generator. It shows you how you can easily start working with neural networks, without having to learn the entire body of theoretical information and writing your own code.
MQL5 Standard Library makes your life as a developer easier. Nevertheless, it does not implement all the needs of all developers in the world, so if you feel that you need some more custom stuff you can take a step further and extend. This article walks you through integrating MetaQuotes' Zig-Zag technical indicator into the Standard Library. We get inspired by MetaQuotes' design philosophy to achieve our goal.
How to create a trading signal generator based on a custom indicator? How to create a custom indicator? How to get access to custom indicator data? Why do we need the IS_PATTERN_USAGE(0) structure and model 0?
This is the continuation of Another MQL5 OOP class article which showed you how to build a simple OO EA from scratch and gave you some tips on object-oriented programming. Today I am showing you the technical basics needed to develop an EA able to trade the news. My goal is to keep on giving you ideas about OOP and also cover a new topic in this series of articles, working with the file system.