MQL5 Cookbook - Creating a ring buffer for fast calculation of indicators in a sliding window
The ring buffer is the simplest and the most efficient way to arrange data when performing calculations in a sliding window. The article describes the algorithm and shows how it simplifies...
Trading with Donchian Channels
In this article, we develop and tests several strategies based on the Donchian channel using various indicator filters. We also perform a comparative analysis of their operation.
Cross-Platform Expert Advisor: Order Manager
This article discusses the creation of an order manager for a cross-platform expert advisor. The order manager is responsible for the entry and exit of orders or positions entered by the expert, as...
How Long Is the Trend?
The article highlights several methods for trend identification aiming to determine the trend duration relative to the flat market. In theory, the trend to flat rate is considered to be 30% to 70%....
Comparative Analysis of 10 Trend Strategies
The article provides a brief overview of ten trend following strategies, as well as their testing results and comparative analysis. Based on the obtained results, we draw a general conclusion about...
MQL5 Cookbook - Pivot trading signals
The article describes the development and implementation of a class for sending signals based on pivots — reversal levels. This class is used to form a strategy applying the Standard Library....
Ready-made Expert Advisors from the MQL5 Wizard work in MetaTrader 4
The article offers a simple emulator of the MetaTrader 5 trading environment for MetaTrader 4. The emulator implements migration and adjustment of trade classes of the Standard Library. As a result,...
Graphical Interfaces X: Word wrapping algorithm in the Multiline Text box (build 12)
We continue to develop the Multiline Text box control. This time our task is to implement an automatic word wrapping in case a text box width overflow occurs, or a reverse word wrapping of the text to...
Universal Trend with the Graphical Interface
In this article a universal trend indicator is created based on a number of standard indicators. An additionally created graphical interface allows selecting the type of indicator and adjusting its...
Patterns available when trading currency baskets. Part II
We continue our discussion of the patterns traders can come across while trading currency baskets. In this part, we will consider the patterns formed when using combined trend indicators. Indicators...
Graphical Interfaces X: Sorting, rebuilding the table and controls in the cells (build 11)
We continue to add new features to the rendered table: data sorting, managing the number of columns and rows, setting the table cell types to place controls into them.
A Universal Channel with the Graphical Interface
All channel indicators are displayed as three lines, including central, top and bottom lines. The drawing principle of the central line is similar to a moving average, while the moving average...
Calculating the Hurst exponent
The article thoroughly explains the idea behind the Hurst exponent, as well as the meaning of its values and the calculation algorithm. A number of financial market segments are analyzed and the...
Graphical Interfaces X: Updates for the Rendered table and code optimization (build 10)
We continue to complement the Rendered table (CCanvasTable) with new features. The table will now have: highlighting of the rows when hovered; ability to add an array of icons for each cell and a...
Visualize this! MQL5 graphics library similar to 'plot' of R language
When studying trading logic, visual representation in the form of graphs is of great importance. A number of programming languages popular among the scientific community (such as R and Python) feature...
Graphical interfaces X: New features for the Rendered table (build 9)
Until today, the CTable was the most advanced type of tables among all presented in the library. This table is assembled from edit boxes of the OBJ_EDIT type, and its further development becomes...
Graphical Interfaces X: The Multiline Text box control (build 8)
The Multiline Text box control is discussed. Unlike the graphical objects of the OBJ_EDIT type, the presented version will not have restrictions on the number of input characters. It also adds the...
3D Modeling in MQL5
A time series is a dynamic system, in which values of a random variable are received continuously or at successive equally spaced points in time. Transition from 2D to 3D market analysis provides a...
Embed MetaTrader 4/5 WebTerminal on your website for free and make a profit
Traders are well familiar with the WebTerminal, which allows trading on financial markets straight from the browser. Add the WebTerminal widget to your website — you can do it absolutely free. If you...
Auto detection of extreme points based on a specified price variation
Automation of trading strategies involving graphical patterns requires the ability to search for extreme points on the charts for further processing and interpretation. Existing tools do not always...
Graphical interfaces X: Advanced management of lists and tables. Code optimization (build 7)
The library code needs to be optimized: it should be more regularized, which is — more readable and comprehensible for studying. In addition, we will continue to develop the controls created...
An Example of Developing a Spread Strategy for Moscow Exchange Futures
The MetaTrader 5 platform allows developing and testing trading robots that simultaneously trade multiple financial instruments. The built-in Strategy Tester automatically downloads required tick...
Graphical Interfaces X: Time control, List of checkboxes control and table sorting (build 6)
Development of the library for creating graphical interfaces continues. The Time and List of checkboxes controls will be covered this time. In addition, the CTable class now provides the ability to...
Patterns available when trading currency baskets
Following up our previous article on the currency baskets trading principles, here we are going to analyze the patterns traders can detect. We will also consider the advantages and the drawbacks of...
Statistical distributions in the form of histograms without indicator buffers and arrays
The article discusses the possibility of plotting statistical distribution histograms of market conditions with the help of the graphical memory meaning no indicator buffers and arrays are applied....
Graphical Interfaces X: Text Edit box, Picture Slider and simple controls (build 5)
This article will consider new controls: Text Edit box, Picture Slider, as well as additional simple controls: Text label and Picture. The library continues to grow, and in addition to introduction of...
Universal Oscillator with a GUI
The article describes the process of creation of a universal indicator based on all oscillators available in the terminal, with its own graphical interface. The GUI allows users to quickly and easily...
Universal ZigZag
ZigZag is one of the most popular indicators among the MetaTrader 5 users. The article analyzes the possibilities for creating various versions of the ZigZag. The result is a universal indicator with...
80-20 trading strategy
The article describes the development of tools (indicator and Expert Advisor) for analyzing the '80-20' trading strategy. The trading strategy rules are taken from the work "Street Smarts. High...
LifeHack for Trader: A comparative report of several tests
The article deals with the simultaneous launch of Expert Advisor testing on four different trading instruments. The final comparison of four testing reports is provided in a table similar to how goods...
The 'Turtle Soup' trading system and its 'Turtle Soup Plus One' modification
The article features formalized rules of two trading strategies 'Turtle Soup' and 'Turtle Soup Plus One' from Street Smarts: High Probability Short-Term Trading Strategies by Linda Bradford Raschke...
MQL5 Programming Basics: Global Variables of the Terminal
Global variables of the terminal provide an indispensable tool for developing sophisticated and reliable Expert Advisors. If you master the global variables, you will no more be able to imagine...
Graphical Interfaces X: The Standard Chart Control (build 4)
This time we will consider the Standard chart control. It will allow to create arrays of subcharts with the ability to synchronize horizontal scrolling. In addition, we will continue to optimize the...
MQL5 Programming Basics: Files
This practice-oriented article focuses on working with files in MQL5. It offers a number of simple tasks allowing you to grasp the basics and hone your skills.
Graphical Interfaces X: Updates for Easy And Fast Library (Build 3)
The next version of the Easy And Fast library (version 3) is presented in this article. Fixed certain flaws and added new features. More details further in the article.
Neural network: Self-optimizing Expert Advisor
Is it possible to develop an Expert Advisor able to optimize position open and close conditions at regular intervals according to the code commands? What happens if we implement a neural network...
Statistical Distributions in MQL5 - taking the best of R and making it faster
The functions for working with the basic statistical distributions implemented in the R language are considered. Those include the Cauchy, Weibull, normal, log-normal, logistic, exponential, uniform,...
The Easy Way to Evaluate a Signal: Trading Activity, Drawdown/Load and MFE/MAE Distribution Charts
Subscribers often search for an appropriate signal by analyzing the total growth on the signal provider's account, which is not a bad idea. However, it is also important to analyze potential risks of...
LifeHack for trader: "Quiet" optimization or Plotting trade distributions
Analysis of the trade history and plotting distribution charts of trading results in HTML depending on position entry time. The charts are displayed in three sections - by hours, by days of the week...
MQL5 vs QLUA - Why trading operations in MQL5 are up to 28 times faster?
Have you ever wondered how quickly your order is delivered to the exchange, how fast it is executed, and how much time your terminal needs in order to receive the operation result? We have prepared a...