Articles on trading system automation in MQL5

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Read articles on the trading systems with a wide variety of ideas at the core. Learn how to use statistical methods and patterns on candlestick charts, how to filter signals and where to use semaphore indicators.

The MQL5 Wizard will help you create robots without programming to quickly check your trading ideas. Use the Wizard to learn about genetic algorithms.

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Indicator for Spindles Charting
Indicator for Spindles Charting

Indicator for Spindles Charting

The article regards spindle chart plotting and its usage in trading strategies and experts. First let's discuss the chart's appearance, plotting and connection with japanese candlestick chart. Next we analyze the indicator's implementation in the source code in the MQL5 language. Let's test the expert based on indicator and formulate the trading strategy.
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Neural networks made easy (Part 27): Deep Q-Learning (DQN)

Neural networks made easy (Part 27): Deep Q-Learning (DQN)

We continue to study reinforcement learning. In this article, we will get acquainted with the Deep Q-Learning method. The use of this method has enabled the DeepMind team to create a model that can outperform a human when playing Atari computer games. I think it will be useful to evaluate the possibilities of the technology for solving trading problems.
Timeseries in DoEasy library (part 45): Multi-period indicator buffers
Timeseries in DoEasy library (part 45): Multi-period indicator buffers

Timeseries in DoEasy library (part 45): Multi-period indicator buffers

In this article, I will start the improvement of the indicator buffer objects and collection class for working in multi-period and multi-symbol modes. I am going to consider the operation of buffer objects for receiving and displaying data from any timeframe on the current symbol chart.
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Modified Grid-Hedge EA in MQL5 (Part II): Making a Simple Grid EA

Modified Grid-Hedge EA in MQL5 (Part II): Making a Simple Grid EA

In this article, we explored the classic grid strategy, detailing its automation using an Expert Advisor in MQL5 and analyzing initial backtest results. We highlighted the strategy's need for high holding capacity and outlined plans for optimizing key parameters like distance, takeProfit, and lot sizes in future installments. The series aims to enhance trading strategy efficiency and adaptability to different market conditions.
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Automating Trading Strategies in MQL5 (Part 3): The Zone Recovery RSI System for Dynamic Trade Management

Automating Trading Strategies in MQL5 (Part 3): The Zone Recovery RSI System for Dynamic Trade Management

In this article, we create a Zone Recovery RSI EA System in MQL5, using RSI signals to trigger trades and a recovery strategy to manage losses. We implement a "ZoneRecovery" class to automate trade entries, recovery logic, and position management. The article concludes with backtesting insights to optimize performance and enhance the EA’s effectiveness.
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Automating Trading Strategies in MQL5 (Part 10): Developing the Trend Flat Momentum Strategy

Automating Trading Strategies in MQL5 (Part 10): Developing the Trend Flat Momentum Strategy

In this article, we develop an Expert Advisor in MQL5 for the Trend Flat Momentum Strategy. We combine a two moving averages crossover with RSI and CCI momentum filters to generate trade signals. We also cover backtesting and potential enhancements for real-world performance.
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Creating an EA that works automatically (Part 12): Automation (IV)

Creating an EA that works automatically (Part 12): Automation (IV)

If you think automated systems are simple, then you probably don't fully understand what it takes to create them. In this article, we will talk about the problem that kills a lot of Expert Advisors. The indiscriminate triggering of orders is a possible solution to this problem.
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Revisiting an Old Trend Trading Strategy: Two Stochastic oscillators, a MA and Fibonacci

Revisiting an Old Trend Trading Strategy: Two Stochastic oscillators, a MA and Fibonacci

Old trading strategies. This article presents one of the strategies used to follow the trend in a purely technical way. The strategy is purely technical and uses a few technical indicators and tools to deliver signals and targets. The components of the strategy are as follows: A 14-period stochastic oscillator. A 5-period stochastic oscillator. A 200-period moving average. A Fibonacci projection tool (for target setting).
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Data Science and Machine Learning (Part 11): Naïve Bayes, Probability theory in Trading

Data Science and Machine Learning (Part 11): Naïve Bayes, Probability theory in Trading

Trading with probability is like walking on a tightrope - it requires precision, balance, and a keen understanding of risk. In the world of trading, the probability is everything. It's the difference between success and failure, profit and loss. By leveraging the power of probability, traders can make informed decisions, manage risk effectively, and achieve their financial goals. So, whether you're a seasoned investor or a novice trader, understanding probability is the key to unlocking your trading potential. In this article, we'll explore the exciting world of trading with probability and show you how to take your trading game to the next level.
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Magic of time trading intervals with Frames Analyzer tool

Magic of time trading intervals with Frames Analyzer tool

What is Frames Analyzer? This is a plug-in module for any Expert Advisor for analyzing optimization frames during parameter optimization in the strategy tester, as well as outside the tester, by reading an MQD file or a database that is created immediately after parameter optimization. You will be able to share these optimization results with other users who have the Frames Analyzer tool to discuss the results together.
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Building and testing Aroon Trading Systems

Building and testing Aroon Trading Systems

In this article, we will learn how we can build an Aroon trading system after learning the basics of the indicators and the needed steps to build a trading system based on the Aroon indicator. After building this trading system, we will test it to see if it can be profitable or needs more optimization.
Tracing, Debugging and Structural Analysis of Source Code
Tracing, Debugging and Structural Analysis of Source Code

Tracing, Debugging and Structural Analysis of Source Code

The entire complex of problems of creating a structure of an executed code and its tracing can be solved without serious difficulties. This possibility has appeared in MetaTrader 5 due to the new feature of the MQL5 language - automatic creation of variables of complex type of data (structures and classes) and their elimination when going out of local scope. The article contains the description of the methodology and the ready-made tool.
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Testing different Moving Average types to see how insightful they are

Testing different Moving Average types to see how insightful they are

We all know the importance of the Moving Average indicator for a lot of traders. There are other Moving average types that can be useful in trading, we will identify these types in this article and make a simple comparison between each one of them and the most popular simple Moving average type to see which one can show the best results.
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Algorithmic Trading With MetaTrader 5 And R For Beginners

Algorithmic Trading With MetaTrader 5 And R For Beginners

Embark on a compelling exploration where financial analysis meets algorithmic trading as we unravel the art of seamlessly uniting R and MetaTrader 5. This article is your guide to bridging the realms of analytical finesse in R with the formidable trading capabilities of MetaTrader 5.
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Learn how to design a trading system by Gator Oscillator

Learn how to design a trading system by Gator Oscillator

A new article in our series about learning how to design a trading system based on popular technical indicators will be about the Gator Oscillator technical indicator and how to create a trading system through simple strategies.
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Cascade Order Trading Strategy Based on EMA Crossovers for MetaTrader 5

Cascade Order Trading Strategy Based on EMA Crossovers for MetaTrader 5

The article guides in demonstrating an automated algorithm based on EMA Crossovers for MetaTrader 5. Detailed information on all aspects of demonstrating an Expert Advisor in MQL5 and testing it in MetaTrader 5 - from analyzing price range behaviors to risk management.
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Developing a trading Expert Advisor from scratch (Part 31): Towards the future (IV)

Developing a trading Expert Advisor from scratch (Part 31): Towards the future (IV)

We continue to remove separate parts from our EA. This is the last article within this series. And the last thing to be removed is the sound system. This can be a bit confusing if you haven't followed these article series.
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Creating Graphical Panels Became Easy in MQL5

Creating Graphical Panels Became Easy in MQL5

In this article, we will provide a simple and easy guide to anyone who needs to create one of the most valuable and helpful tools in trading which is the graphical panel to simplify and ease doing tasks around trading which helps to save time and focus more on your trading process itself without any distractions.
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How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA

How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA

Smart Money Concept (Break Of Structure) coupled with the RSI Indicator to make informed automated trading decisions based on the market structure.
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Learn how to design a trading system by Bill Williams' MFI

Learn how to design a trading system by Bill Williams' MFI

This is a new article in the series in which we learn how to design a trading system based on popular technical indicators. This time we will cover Bill Williams' Market Facilitation Index (BW MFI).
Using Discriminant Analysis to Develop Trading Systems
Using Discriminant Analysis to Develop Trading Systems

Using Discriminant Analysis to Develop Trading Systems

When developing a trading system, there usually arises a problem of selecting the best combination of indicators and their signals. Discriminant analysis is one of the methods to find such combinations. The article gives an example of developing an EA for market data collection and illustrates the use of the discriminant analysis for building prognostic models for the FOREX market in Statistica software.
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Data Science and Machine Learning (Part 04): Predicting Current Stock Market Crash

Data Science and Machine Learning (Part 04): Predicting Current Stock Market Crash

In this article I am going to attempt to use our logistic model to predict the stock market crash based upon the fundamentals of the US economy, the NETFLIX and APPLE are the stocks we are going to focus on, Using the previous market crashes of 2019 and 2020 let's see how our model will perform in the current dooms and glooms.
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Creating an EA that works automatically (Part 06): Account types (I)

Creating an EA that works automatically (Part 06): Account types (I)

Today we'll see how to create an Expert Advisor that simply and safely works in automatic mode. Our EA in its current state can work in any situation but it is not yet ready for automation. We still have to work on a few points.
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Neural networks made easy (Part 13): Batch Normalization

Neural networks made easy (Part 13): Batch Normalization

In the previous article, we started considering methods aimed at improving neural network training quality. In this article, we will continue this topic and will consider another approach — batch data normalization.
Library for easy and quick development of MetaTrader programs (part VI): Netting account events
Library for easy and quick development of MetaTrader programs (part VI): Netting account events

Library for easy and quick development of MetaTrader programs (part VI): Netting account events

In the previous articles, we started creating a large cross-platform library simplifying the development of programs for MetaTrader 5 and MetaTrader 4 platforms. In the fifth part of the article series, we created trading event classes and the event collection, from which the events are sent to the base object of the Engine library and the control program chart. In this part, we will let the library to work on netting accounts.
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Automating Trading Strategies in MQL5 (Part 25): Trendline Trader with Least Squares Fit and Dynamic Signal Generation

Automating Trading Strategies in MQL5 (Part 25): Trendline Trader with Least Squares Fit and Dynamic Signal Generation

In this article, we develop a trendline trader program that uses least squares fit to detect support and resistance trendlines, generating dynamic buy and sell signals based on price touches and open positions based on generated signals.
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Learn how to design a trading system by Force Index

Learn how to design a trading system by Force Index

Welcome to a new article in our series about how to design a trading system by the most popular technical indicators. In this article, we will learn about a new technical indicator and how to create a trading system using the Force Index indicator.
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Automating Trading Strategies in MQL5 (Part 1): The Profitunity System (Trading Chaos by Bill Williams)

Automating Trading Strategies in MQL5 (Part 1): The Profitunity System (Trading Chaos by Bill Williams)

In this article, we examine the Profitunity System by Bill Williams, breaking down its core components and unique approach to trading within market chaos. We guide readers through implementing the system in MQL5, focusing on automating key indicators and entry/exit signals. Finally, we test and optimize the strategy, providing insights into its performance across various market scenarios.
Filtering Signals Based on Statistical Data of Price Correlation
Filtering Signals Based on Statistical Data of Price Correlation

Filtering Signals Based on Statistical Data of Price Correlation

Is there any correlation between the past price behavior and its future trends? Why does the price repeat today the character of its previous day movement? Can the statistics be used to forecast the price dynamics? There is an answer, and it is positive. If you have any doubt, then this article is for you. I'll tell how to create a working filter for a trading system in MQL5, revealing an interesting pattern in price changes.
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Automating Trading Strategies in MQL5 (Part 13): Building a Head and Shoulders Trading Algorithm

Automating Trading Strategies in MQL5 (Part 13): Building a Head and Shoulders Trading Algorithm

In this article, we automate the Head and Shoulders pattern in MQL5. We analyze its architecture, implement an EA to detect and trade it, and backtest the results. The process reveals a practical trading algorithm with room for refinement.
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MQL5 Wizard techniques you should know (Part 01): Regression Analysis

MQL5 Wizard techniques you should know (Part 01): Regression Analysis

Todays trader is a philomath who is almost always (either consciously or not...) looking up new ideas, trying them out, choosing to modify them or discard them; an exploratory process that should cost a fair amount of diligence. This clearly places a premium on the trader's time and the need to avoid mistakes. These series of articles will proposition that the MQL5 wizard should be a mainstay for traders. Why? Because not only does the trader save time by assembling his new ideas with the MQL5 wizard, and greatly reduce mistakes from duplicate coding; he is ultimately set-up to channel his energy on the few critical areas of his trading philosophy.
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Building A Candlestick Trend Constraint Model(Part 2): Merging Native Indicators

Building A Candlestick Trend Constraint Model(Part 2): Merging Native Indicators

This article focuses on taking advantage of in-built meta trader 5 indicators to screen out off-trend signals. Advancing from the previous article we will explore how to do it using MQL5 code to communicate our idea to the final program.
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Learn how to design a trading system by DeMarker

Learn how to design a trading system by DeMarker

Here is a new article in our series about how to design a trading system by the most popular technical indicators. In this article, we will present how to create a trading system by the DeMarker indicator.
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Data Science and Machine Learning (Part 02): Logistic Regression

Data Science and Machine Learning (Part 02): Logistic Regression

Data Classification is a crucial thing for an algo trader and a programmer. In this article, we are going to focus on one of classification logistic algorithms that can probability help us identify the Yes's or No's, the Ups and Downs, Buys and Sells.
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Neural networks made easy (Part 30): Genetic algorithms

Neural networks made easy (Part 30): Genetic algorithms

Today I want to introduce you to a slightly different learning method. We can say that it is borrowed from Darwin's theory of evolution. It is probably less controllable than the previously discussed methods but it allows training non-differentiable models.
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Experiments with neural networks (Part 6): Perceptron as a self-sufficient tool for price forecast

Experiments with neural networks (Part 6): Perceptron as a self-sufficient tool for price forecast

The article provides an example of using a perceptron as a self-sufficient price prediction tool by showcasing general concepts and the simplest ready-made Expert Advisor followed by the results of its optimization.
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Implementing a Bollinger Bands Trading Strategy with MQL5: A Step-by-Step Guide

Implementing a Bollinger Bands Trading Strategy with MQL5: A Step-by-Step Guide

A step-by-step guide to implementing an automated trading algorithm in MQL5 based on the Bollinger Bands trading strategy. A detailed tutorial based on creating an Expert Advisor that can be useful for traders.
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Gradient boosting in transductive and active machine learning

Gradient boosting in transductive and active machine learning

In this article, we will consider active machine learning methods utilizing real data, as well discuss their pros and cons. Perhaps you will find these methods useful and will include them in your arsenal of machine learning models. Transduction was introduced by Vladimir Vapnik, who is the co-inventor of the Support-Vector Machine (SVM).
Library for easy and quick development of MetaTrader programs (part IX): Compatibility with MQL4 - Preparing data
Library for easy and quick development of MetaTrader programs (part IX): Compatibility with MQL4 - Preparing data

Library for easy and quick development of MetaTrader programs (part IX): Compatibility with MQL4 - Preparing data

In the previous articles, we started creating a large cross-platform library simplifying the development of programs for MetaTrader 5 and MetaTrader 4 platforms. In the eighth part, we implemented the class for tracking order and position modification events. Here, we will improve the library by making it fully compatible with MQL4.
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Automating Trading Strategies in MQL5 (Part 4): Building a Multi-Level Zone Recovery System

Automating Trading Strategies in MQL5 (Part 4): Building a Multi-Level Zone Recovery System

In this article, we develop a Multi-Level Zone Recovery System in MQL5 that utilizes RSI to generate trading signals. Each signal instance is dynamically added to an array structure, allowing the system to manage multiple signals simultaneously within the Zone Recovery logic. Through this approach, we demonstrate how to handle complex trade management scenarios effectively while maintaining a scalable and robust code design.