Articles on manual and algorithmic trading in MetaTrader 5

Determing the broker offset and GMT automatically. Instead of asking the support of your broker, from whom you will probably receive an insufficient answer (who would be willing to explain a missing hour), we simply look ourselves how they time their prices in the weeks of the time changes — but not cumbersome by hand, we let a program do it — why do we have a PC after all.

A proverbial wisdom often attributed to various famous people says: "He who makes no mistakes never makes anything." Unless you consider idleness itself a mistake, this statement is hard to argue with. But you can always analyze the past mistakes (your own and of others) to minimize the number of your future mistakes. We are going to attempt to review possible situations arising when executing jobs in the same-name service.

Pivot Points (PP) analysis is one of the simplest and most effective strategies for high intraday volatility markets. It was used as early as in the precomputer times, when traders working at stocks could not use any ADP equipment, except for counting frames and arithmometers.

I continue filling the algorithm with the minimum necessary functionality and testing the results. The profitability is quite low but the articles demonstrate the model of the fully automated profitable trading on completely different instruments traded on fundamentally different markets.

In the fifth article related to the creation of a trading signal monitor, we will consider composite signals and will implement the necessary functionality. In earlier versions, we used simple signals, such as RSI, WPR and CCI, and we also introduced the possibility to use custom indicators.

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 network page using the new widgets. The benefits of using widgets are obvious: they increase the Signals Providers' popularity, establish their reputation as successful traders, as well as attract new Subscribers. All traders placing widgets on other web sites can enjoy these benefits.

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, trading ambitions, working on various types of accounts and financial instruments.

In this article, we will learn how to create an indicator that detects, draws, and alerts on the mitigation of order blocks. We will also take a detailed look at how to identify these blocks on the chart, set accurate alerts, and visualize their position using rectangles to better understand the price action. This indicator will serve as a key tool for traders who follow the Smart Money Concepts and the Inner Circle Trader methodology.

In this article, we will develop a grider EA for trading in a trend direction within a range. Thus, the EA is to be suited mostly for Forex and commodity markets. According to the tests, our grider showed profit since 2018. Unfortunately, this is not true for the period of 2014-2018.

The article provides the description of the technology aimed at increasing the effectiveness of any automated trading system. It provides a brief explanation of the idea, as well as its underlying basics, possibilities and disadvantages.

Traders often talk about trends and flats but very few of them really understand what a trend/flat really is and even fewer are able to clearly explain these concepts. Discussing these basic terms is often beset by a solid set of prejudices and misconceptions. However, if we want to make profit, we need to understand the mathematical and logical meaning of these concepts. In this article, I will take a closer look at the essence of trend and flat, as well as try to define whether the market structure is based on trend, flat or something else. I will also consider the most optimal strategies for making profit on trend and flat markets.

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? What advantages does trading on such charts have? You will find answers to these questions in this article.

Thomas DeMark Sequential is good at showing balance changes in the price movement. This is especially evident if we combine its signals with a level indicator, for example, Murray levels. The article is intended mostly for beginners and those who still cannot find their "Grail". I will also display some features of building levels that I have not seen on other forums. So, the article will probably be useful for advanced traders as well... Suggestions and reasonable criticism are welcome...

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 MetaTrader 5, and connect to it with multiple clients, even running MetaTrader 4. Also you will find out how you can follow participants of Automated Trading Championship in your real MetaTrader 4 account.

We begin testing the patterns and trying the methods described in the articles about trading currency pair baskets. Let's see how oversold/overbought level breakthrough patterns are applied in practice.

The article deals with some issues arising when traders apply various money management systems to Forex trading. Experimental data obtained from performing trading deals using different money management (MM) methods is also described.

Today we'll see how to create an Expert Advisor that simply and safely works in automatic mode. In the previous article, we discussed the first steps that anyone needs to understand before proceeding to creating an Expert Advisor that trades automatically. We considered the concepts and the structure.

This article is about what you can not see in a backtest report, what you should expect using automated trading software, how to manage your money if you are using expert advisors, and how to cover a significant loss to remain in the trading activity when you are using automated procedures.

The player of trading. Only four words, no explanation is needed. Thoughts about a small box with buttons come to your mind. Press one button - it plays, move the lever - the playback speed changes. In reality, it is pretty similar. In this article, I want to show my development that plays trade history almost like it is in real time. The article covers some nuances of OOP, working with indicators and managing charts.

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 experience on derivatives trading, as well as for experienced forex traders who are considering trading on a centralized exchange platform.

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 causes of influence of these factors make it difficult to directly consider all the components. This article sets forth an attempt to predict the market price on the basis of an elaborated regression model.

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 about phased implementation of a trade operation. The article also contains an example of receiving and processing information about ongoing trade operation using the TradeTransaction event handler. In my opinion, such an approach can be used for copying deals from one terminal to another.

An algorithm of statistical protection of open positive swap positions from unwanted price movements. This article features a variant of the carry trade protection strategy that allows to compensate for potential risk of the price movement in the direction opposite to that of the open position.

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 practical approach to the trading theory described in the article "Principles of Exchange Pricing through the Example of Moscow Exchange's Derivatives Market".