Articles on manual and automated trading in MetaTrader 5
This category features articles on all aspects of trading - from manual to fully automatic trading, from Expert Advisor ideas to trading robot creation using the MQL5 Wizard. Position management, processing of trade events and money management - these integral parts of trading are covered in theses articles.
Learn how to copy trading signals and how to provide around-the-clock operation of Expert Advisors, how to create a trading robot and how to run MetaTrader on Linux and MacOS, what social trading is and how to order a trading robot.
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...
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...
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...
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...
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...
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...
The checks a trading robot must pass before publication in the Market
Before any product is published in the Market, it must undergo compulsory preliminary checks in order to ensure a uniform quality standard. This article considers the most frequent errors made by...
Creating a trading robot for Moscow Exchange. Where to start?
Many traders on Moscow Exchange would like to automate their trading algorithms, but they do not know where to start. The MQL5 language offers a huge range of trading functions, and it additionally...
Creating an assistant in manual trading
The number of trading robots used on the currency markets has significantly increased recently. They employ various concepts and strategies, however, none of them has yet succeeded to create a win-win...
MetaTrader 5 features hedging position accounting system
In order to expand possibilities of retail Forex traders, we have added the second accounting system — hedging. Now, it is possible to have multiple positions per symbol, including oppositely directed...
Market Theory
A logically complete market theory that would cover all types and varieties of markets for goods and services, micro and macro markets like Forex, hasn't been available until now. This article covers...
MQL5 Cookbook: Implementing Your Own Depth of Market
This article demonstrates how to utilize Depth of Market (DOM) programmatically and describes the operation principle of CMarketBook class, that can expand the Standard Library of MQL5 classes and...
How to Secure Your Expert Advisor While Trading on the Moscow Exchange
The article delves into the trading methods ensuring the security of trading operations at the stock and low-liquidity markets through the example of Moscow Exchange's Derivatives Market. It brings...
Tips for Selecting a Trading Signal to Subscribe. Step-By-Step Guide
This step-by-step guide is dedicated to the Signals service, examination of trading signals, a system approach to the search of a required signal which would satisfy criteria of profitability, risk,...
Tips for Purchasing a Product on the Market. Step-By-Step Guide
This step-by-step guide provides tips and tricks for better understanding and searching for a required product. The article makes an attempt to puzzle out different methods of searching for an...
Plotting trend lines based on fractals using MQL4 and MQL5
The article describes the automation of trend lines plotting based on the Fractals indicator using MQL4 and MQL5. The article structure provides a comparative view of the solution for two languages....
Bi-Directional Trading and Hedging of Positions in MetaTrader 5 Using the HedgeTerminal Panel, Part 1
This article describes a new approach to hedging of positions and draws the line in the debates between users of MetaTrader 4 and MetaTrader 5 about this matter. The algorithms making such hedging...
Principles of Exchange Pricing through the Example of Moscow Exchange's Derivatives Market
This article describes the theory of exchange pricing and clearing specifics of Moscow Exchange's Derivatives Market. This is a comprehensive article for beginners who want to get their first exchange...
MQL5 Cookbook: ОСО Orders
Any trader's trading activity involves various mechanisms and interrelationships including relations among orders. This article suggests a solution of OCO orders processing. Standard library classes...
Liquid Chart
Would you like to see an hourly chart with bars opening from the second and the fifth minute of the hour? What does a redrawn chart look like when the opening time of bars is changing every minute?...
Why Virtual Hosting On The MetaTrader 4 And MetaTrader 5 Is Better Than Usual VPS
The Virtual Hosting Cloud network was developed specially for MetaTrader 4 and MetaTrader 5 and has all the advantages of a native solution. Get the benefit of our free 24 hours offer - test out a...
MQL5 Cookbook: Handling BookEvent
This article considers BookEvent - a Depth of Market event, and the principle of its processing. An MQL program, handling states of Depth of Market, serves as an example. It is written using the...
MQL5 Cookbook: Processing of the TradeTransaction Event
This article considers capabilities of the MQL5 language from the point of view of the event-driven programming. The greatest advantage of this approach is that the program can receive information...
How to Prepare a Trading Account for Migration to Virtual Hosting
MetaTrader client terminal is perfect for automating trading strategies. It has all tools necessary for trading robot developers ‒ powerful C++ based MQL4/MQL5 programming language, convenient...
Indicator for Constructing a Three Line Break Chart
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...
How we developed the MetaTrader Signals service and Social Trading
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...
Building a Social Technology Startup, Part II: Programming an MQL5 REST Client
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...
Outline of MetaTrader Market (Infographics)
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.
Johnpaul77 Signal Providers: "Our Strategy Remains Profitable for More Than Three Years Now. So Why Would We Change It?"
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...
Indicator for Renko charting
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...
Tales of Trading Robots: Is Less More?
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...
Indicator for Kagi Charting
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...
Video tutorial: MetaTrader Signals Service
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...
How to Make Money from MetaTrader AppStore and Trading Signals Services If You Are Not a Seller or a Provider
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...
Building an Automatic News Trader
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...
Social Trading with the MetaTrader 4 and MetaTrader 5 Trading Platforms
What is social trading? It is a mutually beneficial cooperation of traders and investors whereby successful traders allow monitoring of their trading and potential investors take the opportunity to...
Indicator for Point and Figure Charting
There are lots of chart types that provide information on the current market situation. Many of them, such as Point and Figure chart, are the legacy of the remote past. The article describes an...
MetaTrader 4 and MetaTrader 5 Trading Signals Widgets
Recently MetaTrader 4 and MetaTrader 5 user received an opportunity to become a Signals Provider and earn additional profit. Now, you can display your trading success on your web site, blog or social...
Order Strategies. Multi-Purpose Expert Advisor
This article centers around strategies that actively use pending orders, a metalanguage that can be created to formally describe such strategies and the use of a multi-purpose Expert Advisor whose...