Articles on manual and algorithmic trading in MetaTrader 5

In this article we will consider in detail the martingale system. We will review whether this system can be applied in trading and how to use it in order to minimize risks. The main disadvantage of this simple system is the probability of losing the entire deposit. This fact must be taken into account, if you decide to trade using the martingale technique.

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 Trading Systems" in the form of indicators and Expert Advisor. Without claiming to be exhaustive, here we investigate only the Model - the first part of the Gann theory.

The article considers three methods which can be used to increase the classification quality of bagging ensembles, and their efficiency is estimated. The effects of optimization of the ELM neural network hyperparameters and postprocessing parameters are evaluated.

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 example of Point and Figure charting using a real time indicator.

In this article, we create a fully customizable session-based Opening Range Breakout (ORB) system in MQL5 that lets us set any desired session start time and range duration, automatically calculates the high and low of that opening period, and trades only confirmed breakouts in the direction of the move.

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.

This article suggests the ways of improving manual trading strategy by applying fuzzy set theory. As an example we have provided a step-by-step description of the strategy search and the selection of its parameters, followed by fuzzy logic application to blur overly formal criteria for the market entry. This way, after strategy modification we obtain flexible conditions for opening a position that has a reasonable reaction to a market situation.

Examined are the most frequent mistakes that lead the first-time programmers to creation of a "super-moneymaking" (when tested) trading systems. Exemplary experts that show fantastic results in tester, but result in losses during real trading are presented.

The article offers basic tools for the OLAP analysis of tester reports relating to single passes and optimization results. The tool can work with standard format files (tst and opt), and it also provides a graphical interface. MQL source codes are attached below.

In this article, we develop a Candle Range Theory (CRT) trading system in MQL5 that identifies accumulation ranges on a specified timeframe, detects breaches with manipulation depth filtering, and confirms reversals for entry trades in the distribution phase. The system supports dynamic or static stop-loss and take-profit calculations based on risk-reward ratios, optional trailing stops, and limits on positions per direction for controlled risk management.

This article considers new capabilities of the darch package (v.0.12.0). It contains a description of training of a deep neural networks with different data types, different structure and training sequence. Training results are included.

Do you wish to become a successful Freelance developer on MQL5? If the answer is yes, this article is right for you.

The widget provides websites with a detailed release schedule of 500 indicators and indices, of the world's largest economies. Thus, traders quickly receive up-to-date information on all important events with explanations and graphs in addition to the main website content.

In this article, we will discuss how to develop a trading robot with minimum programming. Of course, MetaTrader 5 provides a high level of control over trading positions. However, using only the manual ability to place orders can be quite difficult and risky for less experienced users.

We continue to build ensembles. This time, the bagging ensemble created earlier will be supplemented with a trainable combiner — a deep neural network. One neural network combines the 7 best ensemble outputs after pruning. The second one takes all 500 outputs of the ensemble as input, prunes and combines them. The neural networks will be built using the keras/TensorFlow package for Python. The features of the package will be briefly considered. Testing will be performed and the classification quality of bagging and stacking ensembles will be compared.

This article concludes the series devoted to trading currency pair baskets. Here we test the remaining pattern and discuss applying the entire method in real trading. Market entries and exits, searching for patterns and analyzing them, complex use of combined indicators are considered.

In the upcoming series of articles, I will demonstrate the development of self-adapting algorithms considering most market factors, as well as show how to systematize these situations, describe them in logic and take them into account in your trading activity. I will start with a very simple algorithm that will gradually acquire theory and evolve into a very complex project.

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 operation is based on those descriptions

The article describes the basic principles and methods that allow you to analyze any strategy using spreadsheets (Excel, Calc, Google). The obtained results are compared with MetaTrader 5 tester.

Knowing the direction of the price movement is sufficient for getting positive results from trading operations. Some information on the possible direction of the price can be obtained from the Japanese candlesticks. This article deals with a few simple approaches to forecasting the direction of the Japanese candlesticks.

This class library can be added to an MetaTrader 5 Expert Advisor to enable it to be written with an order-centric approach broadly similar to MetaTrader 4, in comparison to the position-based approach of MetaTrader 5. It does this by keeping track of virtual orders at the MetaTrader 5 client terminal, while maintaining a protective broker stop for each position for disaster protection.

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 each pattern and provide some recommendations on their use. The indicators based on Williams' oscillator will be used as analysis tools.

The article details TD points and TD lines discovered by Thomas DeMark. Their practical implementation is revealed. In addition to that, a process of writing three indicators and two Expert Advisors using the concepts of Thomas DeMark is demonstrated.

In this article, we demonstrate features of botbrains.app - a no-code platform for trading robots development. To create a trading robot you don't need to write any code - just drag and drop the necessary blocks onto the scheme, set their parameters, and establish connections between them.

Functions and code snippets that simplify and clarify the handling of time, broker offset, and the changes to summer or winter time. Accurate timing may be a crucial element in trading. At the current hour, is the stock exchange in London or New York already open or not yet open, when does the trading time for Forex trading start and end? For a trader who trades manually and live, this is not a big problem.

This article presents Pivot Mean Oscillator (PMO), an implementation of the cumulative moving average (CMA) as a trading indicator for the MetaTrader platforms. In particular, we first introduce Pivot Mean (PM) as a normalization index for timeseries that computes the fraction between any data point and the CMA. We then build PMO as the difference between the moving averages applied to two PM signals. Some preliminary experiments carried out on the EURUSD symbol to test the efficacy of the proposed indicator are also reported, leaving ample space for further considerations and improvements.

In this article, we will create an Expert Advisor for automated entry lot calculation based on risk values. Also the Expert Advisor will be able to automatically place Take Profit with the select ratio to Stop Loss. That is, it can calculate Take Profit based on any selected ratio, such as 3 to 1, 4 to 1 or any other selected value.

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 reliable are described in layman's terms and illustrated with simple charts and diagrams. This article is dedicated to the new panel HedgeTerminal, which is essentially a fully featured trading terminal within MetaTrader 5. Using HedgeTerminal and the virtualization of the trade it offers, positions can be managed in the way similar to MetaTrader 4.

In this article, we will continue our series about designing a trading system using the most popular indicators and we will talk about the average directional index (ADX) indicator. We will learn this indicator in detail to understand it well and we will learn how we to use it through a simple strategy. By learning something deeply we can get more insights and we can use it better.

Mini Market Emulator is an indicator designed for partial emulation of work in the terminal. Presumably, it can be used to test "manual" strategies of market analysis and trading.