Creating an EA that works automatically (Part 02): Getting started with the code
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.
Testing patterns that arise when trading currency pair baskets. Part I
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.
Creating a comprehensive Owl trading strategy
My strategy is based on the classic trading fundamentals and the refinement of indicators that are widely used in all types of markets. This is a ready-made tool allowing you to follow the proposed new profitable trading strategy.
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 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.
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 experience on derivatives trading, as well as for experienced forex traders who are considering trading on a centralized exchange platform.
Money Management Revisited
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.
Automating Trading Strategies in MQL5 (Part 36): Supply and Demand Trading with Retest and Impulse Model
In this article, we create a supply and demand trading system in MQL5 that identifies supply and demand zones through consolidation ranges, validates them with impulsive moves, and trades retests with trend confirmation and customizable risk parameters. The system visualizes zones with dynamic labels and colors, supporting trailing stops for risk management.
Creating an MQL5 Expert Advisor Based on the Daily Range Breakout Strategy
In this article, we create an MQL5 Expert Advisor based on the Daily Range Breakout strategy. We cover the strategy’s key concepts, design the EA blueprint, and implement the breakout logic in MQL5. In the end, we explore techniques for backtesting and optimizing the EA to maximize its effectiveness.
How to create a custom indicator (Heiken Ashi) using MQL5
In this article, we will learn how to create a custom indicator using MQL5 based on our preferences, to be used in MetaTrader 5 to help us read charts or to be used in automated Expert Advisors.
Learn how to design a trading system by Awesome Oscillator
In this new article in our series, we will learn about a new technical tool that may be useful in our trading. It is the Awesome Oscillator (AO) indicator. We will learn how to design a trading system by this indicator.
The Player of Trading Based on Deal History
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.
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 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.
Take a few lessons from Prop Firms (Part 1) — An introduction
In this introductory article, I address a few of the lessons one can take from the challenge rules that proprietary trading firms implement. This is especially relevant for beginners and those who struggle to find their footing in this world of trading. The subsequent article will address the code implementation.
Developing a trading Expert Advisor from scratch (Part 7): Adding Volume at Price (I)
This is one of the most powerful indicators currently existing. Anyone who trades trying to have a certain degree of confidence must have this indicator on their chart. Most often the indicator is used by those who prefer “tape reading” while trading. Also, this indicator can be utilized by those who use only Price Action while trading.
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 practical approach to the trading theory described in the article "Principles of Exchange Pricing through the Example of Moscow Exchange's Derivatives Market".
Statistical Carry Trade Strategy
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 Last Crusade
Take a look at your trading terminal. What means of price presentation can you see? Bars, candlesticks, lines. We are chasing time and prices whereas we only profit from prices. Shall we only give attention to prices when analyzing the market? This article proposes an algorithm and a script for point and figure charting ("naughts and crosses") Consideration is given to various price patterns whose practical use is outlined in recommendations provided.
Applying OLAP in trading (part 2): Visualizing the interactive multidimensional data analysis results
In this article, we consider the creation of an interactive graphical interface for an MQL program, which is designed for the processing of account history and trading reports using OLAP techniques. To obtain a visual result, we will use maximizable and scalable windows, an adaptive layout of rubber controls and a new control for displaying diagrams. To provide the visualization functionality, we will implement a GUI with the selection of variables along coordinate axes, as well as with the selection of aggregate functions, diagram types and sorting options.
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 are extensively involved, as well as new data types are created herein.
Combinatorics and probability theory for trading (Part III): The first mathematical model
A logical continuation of the earlier discussed topic would be the development of multifunctional mathematical models for trading tasks. In this article, I will describe the entire process related to the development of the first mathematical model describing fractals, from scratch. This model should become an important building block and be multifunctional and universal. It will build up our theoretical basis for further development of this idea.
Graphic Expert Advisor: AutoGraf
The article shows the workability of graphics in creation of a convenient interface to manage trading.
Price Forecasting Using Neural Networks
Many traders speak about neural networks, but what they are and what they really can is known to few people. This article sheds some light on the world of artificial intelligence. It describes, how to prepare correctly the data for the network. Here you will also find an example of forecasting using means of the program Matlab.
Learn how to design a trading system by VIDYA
Welcome to a new article from our series about learning how to design a trading system by the most popular technical indicators, in this article we will learn about a new technical tool and learn how to design a trading system by Variable Index Dynamic Average (VIDYA).
Automating Trading Strategies in MQL5 (Part 8): Building an Expert Advisor with Butterfly Harmonic Patterns
In this article, we build an MQL5 Expert Advisor to detect Butterfly harmonic patterns. We identify pivot points and validate Fibonacci levels to confirm the pattern. We then visualize the pattern on the chart and automatically execute trades when confirmed.
Automating Trading Strategies in MQL5 (Part 7): Building a Grid Trading EA with Dynamic Lot Scaling
In this article, we build a grid trading expert advisor in MQL5 that uses dynamic lot scaling. We cover the strategy design, code implementation, and backtesting process. Finally, we share key insights and best practices for optimizing the automated trading system.
Creating an Interactive Graphical User Interface in MQL5 (Part 1): Making the Panel
This article explores the fundamental steps in crafting and implementing a Graphical User Interface (GUI) panel using MetaQuotes Language 5 (MQL5). Custom utility panels enhance user interaction in trading by simplifying common tasks and visualizing essential trading information. By creating custom panels, traders can streamline their workflow and save time during trading operations.
Extending Strategy Builder Functionality
In the previous two articles, we discussed the application of Merrill patterns to various data types. An application was developed to test the presented ideas. In this article, we will continue working with the Strategy Builder, to improve its efficiency and to implement new features and capabilities.
Testing patterns that arise when trading currency pair baskets. Part II
We continue testing the patterns and trying the methods described in the articles about trading currency pair baskets. Let's consider in practice, whether it is possible to use the patterns of the combined WPR graph crossing the moving average. If the answer is yes, we should consider the appropriate usage methods.
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 architecture, we are relying on the new MQL5 WebRequest() function for sending trading signals via HTTP.
Learn how to design a trading system by Relative Vigor Index
A new article in our series about how to design a trading system by the most popular technical indicator. In this article, we will learn how to do that by the Relative Vigor Index indicator.
Decoding Opening Range Breakout Intraday Trading Strategies
Opening Range Breakout (ORB) strategies are built on the idea that the initial trading range established shortly after the market opens reflects significant price levels where buyers and sellers agree on value. By identifying breakouts above or below a certain range, traders can capitalize on the momentum that often follows as the market direction becomes clearer. In this article, we will explore three ORB strategies adapted from the Concretum Group.
Improve Your Trading Charts With Interactive GUI's in MQL5 (Part III): Simple Movable Trading GUI
Join us in Part III of the "Improve Your Trading Charts With Interactive GUIs in MQL5" series as we explore the integration of interactive GUIs into movable trading dashboards in MQL5. This article builds on the foundations set in Parts I and II, guiding readers to transform static trading dashboards into dynamic, movable ones.
Gradient Boosting (CatBoost) in the development of trading systems. A naive approach
Training the CatBoost classifier in Python and exporting the model to mql5, as well as parsing the model parameters and a custom strategy tester. The Python language and the MetaTrader 5 library are used for preparing the data and for training the model.
Automating Trading Strategies in MQL5 (Part 5): Developing the Adaptive Crossover RSI Trading Suite Strategy
In this article, we develop the Adaptive Crossover RSI Trading Suite System, which uses 14- and 50-period moving average crossovers for signals, confirmed by a 14-period RSI filter. The system includes a trading day filter, signal arrows with annotations, and a real-time dashboard for monitoring. This approach ensures precision and adaptability in automated trading.
Learn how to design a trading system by Parabolic SAR
In this article, we will continue our series about how to design a trading system using the most popular indicators. In this article, we will learn about the Parabolic SAR indicator in detail and how we can design a trading system to be used in MetaTrader 5 using some simple strategies.
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 that will genetically optimize its own parameters upon certain boundary conditions...
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.
Developing multi-module Expert Advisors
MQL programming language allows implementing the concept of modular development of trading strategies. The article shows an example of developing a multi-module Expert Advisor consisting of separately compiled file modules.
How to Prepare MetaTrader 5 Quotes for Other Applications
The article describes the examples of creating directories, copying data, filing, working with the symbols in Market Watch or the common list, as well as the examples of handling errors, etc. All these elements can eventually be gathered in a single script for filing the data in a user-defined format.
Developing a Trading Strategy: The Butterfly Oscillator Method
In this article, we demonstrated how the fascinating mathematical concept of the Butterfly Curve can be transformed into a practical trading tool. We constructed the Butterfly Oscillator and built a foundational trading strategy around it. The strategy effectively combines the oscillator's unique cyclical signals with traditional trend confirmation from moving averages, creating a systematic approach for identifying potential market entries.