Articles on trading system automation in MQL5

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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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...

Speed Up Calculations with the MQL5 Cloud Network

How many cores do you have on your home computer? How many computers can you use to optimize a trading strategy? We show here how to use the MQL5 Cloud Network to accelerate calculations by receiving...

Creating Expert Advisors Using Expert Advisor Visual Wizard

Expert Advisor Visual Wizard for MetaTrader 5 provides a highly intuitive graphical environment with a comprehensive set of predefined trading blocks that let you design Expert Advisors in minutes....

Universal Regression Model for Market Price Prediction

The market price is formed out of a stable balance between demand and supply which, in turn, depend on a variety of economic, political and psychological factors. Differences in nature as well as...

Dr. Tradelove or How I Stopped Worrying and Created a Self-Training Expert Advisor

Just over a year ago joo, in his article "Genetic Algorithms - It's Easy!", gave us a tool for implementation of the genetic algorithm in MQL5. Now utilizing the tool we will create an Expert Advisor...

Using MetaTrader 5 as a Signal Provider for MetaTrader 4

Analyse and examples of techniques how trading analysis can be performed on MetaTrader 5 platform, but executed by MetaTrader 4. Article will show you how to create simple signal provider in your...

Creating MQL5 Expert Advisors in minutes using EA Tree: Part One

EA Tree is the first drag and drop MetaTrader MQL5 Expert Advisor builder. You can create complex MQL5 using a very easy to use graphical user interface. In EA Tree, Expert Advisors are created by...

Creating Custom Criteria of Optimization of Expert Advisors

The MetaTrader 5 Client Terminal offers a wide range of opportunities for optimization of Expert Advisor parameters. In addition to the optimization criteria included in the strategy tester,...

William Blau's Indicators and Trading Systems in MQL5. Part 1: Indicators

The article presents the indicators, described in the book by William Blau "Momentum, Direction, and Divergence". William Blau's approach allows us to promptly and accurately approximate the...

MQL5 Wizard for Dummies

In early 2011 we released the first version of the MQL5 Wizard. This new application provides a simple and convenient tool to automatically generate trading robots. Any MetaTrader 5 user can create a...

How to Order an Expert Advisor and Obtain the Desired Result

How to write correctly the Requirement Specifications? What should and should not be expected from a programmer when ordering an Expert Advisor or an indicator? How to keep a dialog, what moments to...

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...

The Indicators of the Micro, Middle and Main Trends

The aim of this article is to investigate the possibilities of trade automation and the analysis, on the basis of some ideas from a book by James Hyerczyk "Pattern, Price & Time: Using Gann Theory in...

Random Walk and the Trend Indicator

Random Walk looks very similar to the real market data, but it has some significant features. In this article we will consider the properties of Random Walk, simulated using the coin-tossing game. To...

Expert Advisor based on the "New Trading Dimensions" by Bill Williams

In this article I will discuss the development of Expert Advisor, based on the book "New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities" by Bill Williams. The strategy...

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...

Charts and diagrams in HTML

Today it is difficult to find a computer that does not have an installed web-browser. For a long time browsers have been evolving and improving. This article discusses the simple and safe way to...

Trade Events in MetaTrader 5

A monitoring of the current state of a trade account implies controlling open positions and orders. Before a trade signal becomes a deal, it should be sent from the client terminal as a request to the...

MQL5 Wizard: How to Create a Risk and Money Management Module

The generator of trading strategies of the MQL5 Wizard greatly simplifies testing of trading ideas. The article describes how to develop a custom risk and money management module and enable it in the...

Orders, Positions and Deals in MetaTrader 5

Creating a robust trading robot cannot be done without an understanding of the mechanisms of the MetaTrader 5 trading system. The client terminal receives the information about the positions, orders,...

How to Copy Trading from MetaTrader 5 to MetaTrader 4

Is it possible to trade on a real MetaTrader 5 account today? How to organize such trading? The article contains the theory of these questions and the working codes used for copying trades from the...

Create Your Own Expert Advisor in MQL5 Wizard

The knowledge of programming languages is no longer a prerequisite for creating trading robots. Earlier lack of programming skills was an impassable obstacle to the implementation of one's own trading...

MQL5 Wizard: How to Create a Module of Trading Signals

The article discusses how to write your own class of trading signals with the implementation of signals on the crossing of the price and the moving average, and how to include it to the generator of...

MQL5 Wizard: Creating Expert Advisors without Programming

Do you want to try out a trading strategy while wasting no time for programming? In MQL5 Wizard you can simply select the type of trading signals, add modules of trailing positions and money...

Simulink: a Guide for the Developers of Expert Advisors

I am not a professional programmer. And thus, the principle of "going from the simple to the complex" is of primary importance to me when I am working on trading system development. What exactly is...

The Use of the MQL5 Standard Trade Class libraries in writing an Expert Advisor

This article explains how to use the major functionalities of the MQL5 Standard Library Trade Classes in writing Expert Advisors which implements position closing and modifying, pending order placing...

Evaluation of Trade Systems - the Effectiveness of Entering, Exiting and Trades in General

There are a lot of measures that allow determining the effectiveness and profitability of a trade system. However, traders are always ready to put any system to a new crash test. The article tells how...

Analyzing Candlestick Patterns

Construction of Japanese candlestick chart and analysis of candlestick patterns constitute an amazing area of technical analysis. The advantage of candlesticks is that they represent data in such a...

Controlling the Slope of Balance Curve During Work of an Expert Advisor

Finding rules for a trade system and programming them in an Expert Advisor is a half of the job. Somehow, you need to correct the operation of the Expert Advisor as it accumulates the results of...

Adaptive Trading Systems and Their Use in the MetaTrader 5 Client Terminal

This article suggests a variant of an adaptive system that consists of many strategies, each of which performs its own "virtual" trade operations. Real trading is performed in accordance with the...

Using the TesterWithdrawal() Function for Modeling the Withdrawals of Profit

This article describes the usage of the TesterWithDrawal() function for estimating risks in trade systems which imply the withdrawing of a certain part of assets during their operation. In addition,...

How to Quickly Create an Expert Advisor for Automated Trading Championship 2010

In order to develop an expert to participate in Automated Trading Championship 2010, let's use a template of ready expert advisor. Even novice MQL5 programmer will be capable of this task, because for...

The Prototype of Trade Robot

This article summarizes and systematizes the principles of creating algorithms and elements of trading systems. The article considers designing of expert algorithm. As an example the CExpertAdvisor...

The Optimal Method for Calculation of Total Position Volume by Specified Magic Number

The problem of calculation of the total position volume of the specified symbol and magic number is considered in this article. The proposed method requests only the minimum necessary part of the...

Writing an Expert Advisor Using the MQL5 Object-Oriented Programming Approach

This article focuses on the object oriented approach to doing what we did in the article "Step-By-Step Guide to writing an Expert Advisor in MQL5 for Beginners" - creating a simple Expert Advisor....

Creating an Expert Advisor, which Trades on a Number of Instruments

The concept of diversification of assets on financial markets is quiet old, and has always attracted beginner traders. In this article, the author proposes a maximally simple approach to a...

Genetic Algorithms - It's Easy!

In this article the author talks about evolutionary calculations with the use of a personally developed genetic algorithm. He demonstrates the functioning of the algorithm, using examples, and...

An Example of a Trading System Based on a Heiken-Ashi Indicator

In this article we look into the question of using a Heiken-Ashi indicator in trading. Based on this indicator, a simple trading system is considered and an MQL5 Expert Advisor is written. Trading...

Step-By-Step Guide to writing an Expert Advisor in MQL5 for Beginners

The Expert Advisors programming in MQL5 is simple, and you can learn it easy. In this step by step guide, you will see the basic steps required in writing a simple Expert Advisor based on a developed...

An Example of a Trading Strategy Based on Timezone Differences on Different Continents

Surfing the Internet, it is easy to find many strategies, which will give you a number of various recommendations. Let’s take an insider’s approach and look into the process of strategy creation,...