Articles on manual and algorithmic trading in MetaTrader 5

Any trader would give a lot for opportunity to accurately detect a trend at any given time. Perhaps, this is the Holy Grail that everyone is looking for. In this article we will consider several ways to detect a trend. To be more precise - how to program several classical ways to detect a trend by means of MQL5.

Is it allowed to trade this symbol on Monday? Is there enough money to open position? How big is the loss if Stop Loss triggers? How to limit the number of pending orders? Was the trade operation executed at the current bar or at the previous one? If a trade robot cannot perform this kind of verifications, then any trade strategy can turn into a losing one. This article shows the examples of verifications that are useful in any Expert Advisor.

The development of trading strategies primarily focuses on searching for patterns for entering and exiting the market, as well as maintaining positions. If we are able to formalize some patterns into rules for automated trading, then the trader faces the question of calculating the volume of positions, the size of the margins, as well as maintaining a safe level of mortgage funds for assuring open positions in an automated mode. In this article we will use the MQL5 language to construct simple examples of conducting these calculations.

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, based on the differences in timezones on different continents.

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.

In this article, we will consider the emission of indicators - a new approach to the market research. The calculation of emission is based on the intersection of different indicators: more and more points with different colors and shapes appear after each tick. They form numerous clusters like nebulae, clouds, tracks, lines, arcs, etc. These shapes help to detect the invisible springs and forces that affect the movement of market prices.

In this article we will check the well-known statement that "The whole day trading depends on how the Asian session is traded".

The main point of this article is to show a practical way to implement an effective MM. This can be achieved only by using a certain kind of strategies that we need to identify and describe first. In the following we’ll cover the basic concepts of how to build such a strategy and we’ll point out the common mistakes which always end up in draining a trader’s account.

The article describes rules of marking patterns of Wolfe Waves. You will find here details of constructing and rules of accurate marking, which help to find correct formations of waves quickly and correctly.

The article demonstrates an alternative view of technical analysis, which is based on the principles of both the modern automatic control theory and technical analysis itself. It is an introductory article representing the theory with some practical applications of it.

A portrait of a trader's behavior on the financial market. Author's own menu from the book "Как играть и выигрывать на бирже" ("How to speculate on stock exchange and win") by A. Elder.

Forecasting financial time-series is a required element of any investing activity. The concept of investing itself - put up money now to gain profits in future - is based on the concept of predicting the future. Therefore, forecasting financial time-series underlies the activities of the whole investing industry - all organized exchanges and other securities trading systems.

The article describes an algorithm of volume increase of a profit trade. Its implementation using MQL4 means is presented in the article.

In the article, an attempt is made to visualize the intensity of specific markets and of their time segments, to detect their regularities and behavior patterns.

The article describes the method of creating a tool for comfortable scalping. However, such an approach to trade opening can be applied in any trading.

The article describes an Expert Advisor that allows conducting the comparative analysis of 30 indicators and oscillators aiming at the formation of an effective package of indexes for trading.

The article describes a simple, accessible language of graphical trading requests compatible with traditional technical analysis. The attached Gterminal is a half-automated Expert Advisor using in trading results of graphical analysis. Better used for self-education and training of beginning traders.

The article dwells on the notion of "market intuition" and ways of developing it. The method described in the article is based on the modeling of financial betting in the form of a simple game.

The article describes the way of connecting to the remote PC with installed MT4 Client Terminal via a PDA.

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.

It is not a secret that for an efficient operation of Expert Advisors we need to find a suitable brokerage company. This article describes a system approach to this search. You will get acquainted with the process of creating a program with dll for working with different terminals.

At present, technical analysis along with the fundamental one is the most important method to analyze stock market. Being one of the predicting methods of stock market pricing dynamics, the technical analysis has a large amount of disadvantages that cast some doubt on its practical applicability.

This article contains the concept of operation time that allows to receive more even price flow. It also contains the code of the changed moving average with an allowance for this time transformation.

We all are aware of that "No profit obtained in the past will guarantee any success in future". However, it is still very actual to be able to estimate trading systems. This article deals with some simple and convenient methods that will help to estimate trade results.

This article contains a detailed description of the Martingale system, as well as precise mathematical calculations, necessary for answering the question: "Is it reasonable to use Martingale?".

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.

How to create "voice" indicators for daily usage.

The article describes the use of technical indicators in programming on MQL4.

Unfortunately, there are no clear projections available at this moment about the future of the mobile trading. However, there are a lot of speculations surrounding this matter. In our attempt to resolve this ambiguity we decided to conduct a survey among traders to find out their opinion about our mobile terminals. Through the efforts of this survey, we have managed to established a clear picture of what our clients currently think about the product as well as their requests and wishes in future developments of our mobile terminals.

A short description of various illusions that come up when people trade using martingale betting strategies or misuse spiking and the like approaches.

The article shows the workability of graphics in creation of a convenient interface to manage trading.

The article will help a beginning trader to develop trading tactics on FOREX.

The article deals with various ways of how to control open positions and pending orders. It is devoted to simplifying of writing Expert Advisors.

There are ten basic errors of a newcomer intrading: trading at market opening, undue hurry in taking profit, adding of lots in a losing position, closing positions starting with the best one, revenge, the most preferable positions, trading by the principle of 'bought for ever', closing of a profitable strategic position on the first day, closing of a position when alerted to open an opposite position, doubts.

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.

General principles of considering orders in a large and complex program are discussed.

The article deals with the problem of conflict-free trading of several experts on the same МТ 4 Client Terminal. It "teaches" the expert to manage only "its own" orders without modifying or closing "someone else's" positions (opened manually or by other experts). The article was written for users who have basic skills of working with the terminal and programming in MQL 4.

The article deals with convenient and efficient methods of information storage and viewing. Alternatives to the terminal standard log file and the Comment() function are considered here.

The article deals with realization of charts without skipped bars.