Articles on trading system automation in MQL5

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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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Data Science and Machine Learning (Part 03): Matrix Regressions

Data Science and Machine Learning (Part 03): Matrix Regressions

This time our models are being made by matrices, which allows flexibility while it allows us to make powerful models that can handle not only five independent variables but also many variables as long as we stay within the calculations limits of a computer, this article is going to be an interesting read, that's for sure.
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Developing a Trading Strategy: The Butterfly Oscillator Method

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.
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Automating Trading Strategies in MQL5 (Part 24): London Session Breakout System with Risk Management and Trailing Stops

Automating Trading Strategies in MQL5 (Part 24): London Session Breakout System with Risk Management and Trailing Stops

In this article, we develop a London Session Breakout System that identifies pre-London range breakouts and places pending orders with customizable trade types and risk settings. We incorporate features like trailing stops, risk-to-reward ratios, maximum drawdown limits, and a control panel for real-time monitoring and management.
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Simple Mean Reversion Trading Strategy

Simple Mean Reversion Trading Strategy

Mean reversion is a type of contrarian trading where the trader expects the price to return to some form of equilibrium which is generally measured by a mean or another central tendency statistic.
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Developing Zone Recovery Martingale strategy in MQL5

Developing Zone Recovery Martingale strategy in MQL5

The article discusses, in a detailed perspective, the steps that need to be implemented towards the creation of an expert advisor based on the Zone Recovery trading algorithm. This helps aotomate the system saving time for algotraders.
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Building AI-Powered Trading Systems in MQL5 (Part 7): Further Modularization and Automated Trading

Building AI-Powered Trading Systems in MQL5 (Part 7): Further Modularization and Automated Trading

In this article, we enhance the AI-powered trading system's modularity by separating UI components into a dedicated include file. The system now automates trade execution based on AI-generated signals, parsing JSON responses for BUY/SELL/NONE with entry/SL/TP, visualizing patterns like engulfing or divergences on charts with arrows, lines, and labels, and optional auto-signal checks on new bars.
Library for easy and quick development of MetaTrader programs (part VIII): Order and position modification events
Library for easy and quick development of MetaTrader programs (part VIII): Order and position modification events

Library for easy and quick development of MetaTrader programs (part VIII): Order and position modification events

In the previous articles, we started creating a large cross-platform library simplifying the development of programs for MetaTrader 5 and MetaTrader 4 platforms. In the seventh part, we added tracking StopLimit orders activation and prepared the functionality for tracking other events involving orders and positions. In this article, we will develop the class for tracking order and position modification events.
Separate optimization of a strategy on trend and flat conditions
Separate optimization of a strategy on trend and flat conditions

Separate optimization of a strategy on trend and flat conditions

The article considers applying the separate optimization method during various market conditions. Separate optimization means defining trading system's optimal parameters by optimizing for an uptrend and downtrend separately. To reduce the effect of false signals and improve profitability, the systems are made flexible, meaning they have some specific set of settings or input data, which is justified because the market behavior is constantly changing.
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Learn how to design a trading system by Standard Deviation

Learn how to design a trading system by Standard Deviation

Here is a new article in our series about how to design a trading system by the most popular technical indicators in MetaTrader 5 trading platform. In this new article, we will learn how to design a trading system by Standard Deviation indicator.
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Price Action Analysis Toolkit Development (Part 44): Building a VWMA Crossover Signal EA in MQL5

Price Action Analysis Toolkit Development (Part 44): Building a VWMA Crossover Signal EA in MQL5

This article introduces a VWMA crossover signal tool for MetaTrader 5, designed to help traders identify potential bullish and bearish reversals by combining price action with trading volume. The EA generates clear buy and sell signals directly on the chart, features an informative panel, and allows for full user customization, making it a practical addition to your trading strategy.
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Building a Professional Trading System with Heikin Ashi (Part 1): Developing a custom indicator

Building a Professional Trading System with Heikin Ashi (Part 1): Developing a custom indicator

This article is the first installment in a two-part series designed to impart practical skills and best practices for writing custom indicators in MQL5. Using Heikin Ashi as a working example, the article explores the theory behind Heikin Ashi charts, explains how Heikin Ashi candlesticks are calculated, and demonstrates their application in technical analysis. The centerpiece is a step-by-step guide to developing a fully functional Heikin Ashi indicator from scratch, with clear explanations to help readers understand what to code and why. This foundational knowledge sets the stage for Part Two, where we will build an expert advisor that trades based on Heikin Ashi logic.
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Neural networks made easy (Part 3): Convolutional networks

Neural networks made easy (Part 3): Convolutional networks

As a continuation of the neural network topic, I propose considering convolutional neural networks. This type of neural network are usually applied to analyzing visual imagery. In this article, we will consider the application of these networks in the financial markets.
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Pair trading

Pair trading

In this article, we will consider pair trading, namely what its principles are and if there are any prospects for its practical application. We will also try to create a pair trading strategy.
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Automating Trading Strategies in MQL5 (Part 44): Change of Character (CHoCH) Detection with Swing High/Low Breaks

Automating Trading Strategies in MQL5 (Part 44): Change of Character (CHoCH) Detection with Swing High/Low Breaks

In this article, we develop a Change of Character (CHoCH) detection system in MQL5 that identifies swing highs and lows over a user-defined bar length, labels them as HH/LH for highs or LL/HL for lows to determine trend direction, and triggers trades on breaks of these swing points, indicating a potential reversal, and trades the breaks when the structure changes.
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How to deal with lines using MQL5

How to deal with lines using MQL5

In this article, you will find your way to deal with the most important lines like trendlines, support, and resistance by MQL5.
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How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA

How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA

Smart Money Concept (Break Of Structure) coupled with the RSI Indicator to make informed automated trading decisions based on the market structure.
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Brute force approach to pattern search (Part IV): Minimal functionality

Brute force approach to pattern search (Part IV): Minimal functionality

The article presents an improved brute force version, based on the goals set in the previous article. I will try to cover this topic as broadly as possible using Expert Advisors with settings obtained using this method. A new program version is attached to this article.
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Developing an Expert Advisor (EA) based on the Consolidation Range Breakout strategy in MQL5

Developing an Expert Advisor (EA) based on the Consolidation Range Breakout strategy in MQL5

This article outlines the steps to create an Expert Advisor (EA) that capitalizes on price breakouts after consolidation periods. By identifying consolidation ranges and setting breakout levels, traders can automate their trading decisions based on this strategy. The Expert Advisor aims to provide clear entry and exit points while avoiding false breakouts
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Trader-friendly stop loss and take profit

Trader-friendly stop loss and take profit

Stop loss and take profit can have a significant impact on trading results. In this article, we will look at several ways to find optimal stop order values.
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Learn how to design a trading system by Williams PR

Learn how to design a trading system by Williams PR

A new article in our series about learning how to design a trading system by the most popular technical indicators by MQL5 to be used in the MetaTrader 5. In this article, we will learn how to design a trading system by the Williams' %R indicator.
MVC design pattern and its possible application
MVC design pattern and its possible application

MVC design pattern and its possible application

The article discusses a popular MVC pattern, as well as the possibilities, pros and cons of its usage in MQL programs. The idea is to split an existing code into three separate components: Model, View and Controller.
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Brute force approach to pattern search

Brute force approach to pattern search

In this article, we will search for market patterns, create Expert Advisors based on the identified patterns, and check how long these patterns remain valid, if they ever retain their validity.
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Installing MetaTrader 5 and Other MetaQuotes Apps on HarmonyOS NEXT

Installing MetaTrader 5 and Other MetaQuotes Apps on HarmonyOS NEXT

Easily install MetaTrader 5 and other MetaQuotes apps on HarmonyOS NEXT devices using DroiTong. A detailed step-by-step guide for your phone or laptop.
Other classes in DoEasy library (Part 66): MQL5.com Signals collection class
Other classes in DoEasy library (Part 66): MQL5.com Signals collection class

Other classes in DoEasy library (Part 66): MQL5.com Signals collection class

In this article, I will create the signal collection class of the MQL5.com Signals service with the functions for managing signals. Besides, I will improve the Depth of Market snapshot object class for displaying the total DOM buy and sell volumes.
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Learn how to design a trading system by OBV

Learn how to design a trading system by OBV

This is a new article to continue our series for beginners about how to design a trading system based on some of the popular indicators. We will learn a new indicator that is On Balance Volume (OBV), and we will learn how we can use it and design a trading system based on it.
Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo
Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo

Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo

Hard to interpret Ichimoku signals? This article introduces some principles of formalizing values and signals of Ichimoku Kinko Hyo. For visualization of its usage the author chose the currency pair EURUSD based on his own preferences. However, the indicator can be used on any currency pair.
Library for easy and quick development of MetaTrader programs (part XI). Compatibility with MQL4 - Position closure events
Library for easy and quick development of MetaTrader programs (part XI). Compatibility with MQL4 - Position closure events

Library for easy and quick development of MetaTrader programs (part XI). Compatibility with MQL4 - Position closure events

We continue the development of a large cross-platform library simplifying the development of programs for MetaTrader 5 and MetaTrader 4 platforms. In the tenth part, we resumed our work on the library compatibility with MQL4 and defined the events of opening positions and activating pending orders. In this article, we will define the events of closing positions and get rid of the unused order properties.
Controlling the Slope of Balance Curve During Work of an Expert Advisor
Controlling the Slope of Balance Curve During Work of an Expert Advisor

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 trading. This article describes one of approaches, which allows improving performance of an Expert Advisor through creation of a feedback that measures slope of the balance curve.
Library for easy and quick development of MetaTrader programs (part III). Collection of market orders and positions, search and sorting
Library for easy and quick development of MetaTrader programs (part III). Collection of market orders and positions, search and sorting

Library for easy and quick development of MetaTrader programs (part III). Collection of market orders and positions, search and sorting

In the first part, we started creating a large cross-platform library simplifying the development of programs for MetaTrader 5 and MetaTrader 4 platforms. Further on, we implemented the collection of history orders and deals. Our next step is creating a class for a convenient selection and sorting of orders, deals and positions in collection lists. We are going to implement the base library object called Engine and add collection of market orders and positions to the library.
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Experiments with neural networks (Part 1): Revisiting geometry

Experiments with neural networks (Part 1): Revisiting geometry

In this article, I will use experimentation and non-standard approaches to develop a profitable trading system and check whether neural networks can be of any help for traders.
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How to create a simple Multi-Currency Expert Advisor using MQL5 (Part 2): Indicator Signals: Multi Timeframe Parabolic SAR Indicator

How to create a simple Multi-Currency Expert Advisor using MQL5 (Part 2): Indicator Signals: Multi Timeframe Parabolic SAR Indicator

The Multi-Currency Expert Advisor in this article is Expert Advisor or trading robot that can trade (open orders, close orders and manage orders for example: Trailing Stop Loss and Trailing Profit) for more than 1 symbol pair only from one symbol chart. This time we will use only 1 indicator, namely Parabolic SAR or iSAR in multi-timeframes starting from PERIOD_M15 to PERIOD_D1.
Research of Statistical Recurrences of Candle Directions
Research of Statistical Recurrences of Candle Directions

Research of Statistical Recurrences of Candle Directions

Is it possible to predict the behavior of the market for a short upcoming interval of time, based on the recurring tendencies of candle directions, at specific times throughout the day? That is, If such an occurrence is found in the first place. This question has probably arisen in the mind of every trader. The purpose of this article is to attempt to predict the behavior of the market, based on the statistical recurrences of candle directions during specific intervals of time.
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Mastering ONNX: The Game-Changer for MQL5 Traders

Mastering ONNX: The Game-Changer for MQL5 Traders

Dive into the world of ONNX, the powerful open-standard format for exchanging machine learning models. Discover how leveraging ONNX can revolutionize algorithmic trading in MQL5, allowing traders to seamlessly integrate cutting-edge AI models and elevate their strategies to new heights. Uncover the secrets to cross-platform compatibility and learn how to unlock the full potential of ONNX in your MQL5 trading endeavors. Elevate your trading game with this comprehensive guide to Mastering ONNX
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Developing a trading Expert Advisor from scratch (Part 19): New order system (II)

Developing a trading Expert Advisor from scratch (Part 19): New order system (II)

In this article, we will develop a graphical order system of the "look what happens" type. Please note that we are not starting from scratch this time, but we will modify the existing system by adding more objects and events on the chart of the asset we are trading.
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Automating Trading Strategies in MQL5 (Part 1): The Profitunity System (Trading Chaos by Bill Williams)

Automating Trading Strategies in MQL5 (Part 1): The Profitunity System (Trading Chaos by Bill Williams)

In this article, we examine the Profitunity System by Bill Williams, breaking down its core components and unique approach to trading within market chaos. We guide readers through implementing the system in MQL5, focusing on automating key indicators and entry/exit signals. Finally, we test and optimize the strategy, providing insights into its performance across various market scenarios.
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Automating Trading Strategies in MQL5 (Part 10): Developing the Trend Flat Momentum Strategy

Automating Trading Strategies in MQL5 (Part 10): Developing the Trend Flat Momentum Strategy

In this article, we develop an Expert Advisor in MQL5 for the Trend Flat Momentum Strategy. We combine a two moving averages crossover with RSI and CCI momentum filters to generate trade signals. We also cover backtesting and potential enhancements for real-world performance.
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Learn how to design a trading system by Accelerator Oscillator

Learn how to design a trading system by Accelerator Oscillator

A new article from our series about how to create simple trading systems by the most popular technical indicators. We will learn about a new one which is the Accelerator Oscillator indicator and we will learn how to design a trading system using it.
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The Liquidity Grab Trading Strategy

The Liquidity Grab Trading Strategy

The liquidity grab trading strategy is a key component of Smart Money Concepts (SMC), which seeks to identify and exploit the actions of institutional players in the market. It involves targeting areas of high liquidity, such as support or resistance zones, where large orders can trigger price movements before the market resumes its trend. This article explains the concept of liquidity grab in detail and outlines the development process of the liquidity grab trading strategy Expert Advisor in MQL5.
Swaps (Part I): Locking and Synthetic Positions
Swaps (Part I): Locking and Synthetic Positions

Swaps (Part I): Locking and Synthetic Positions

In this article I will try to expand the classic concept of swap trading methods. I will explain why I have come to the conclusion that this concept deserves special attention and is absolutely recommended for study.
An Example of Developing a Spread Strategy for Moscow Exchange Futures
An Example of Developing a Spread Strategy for Moscow Exchange Futures

An Example of Developing a Spread Strategy for Moscow Exchange Futures

The MetaTrader 5 platform allows developing and testing trading robots that simultaneously trade multiple financial instruments. The built-in Strategy Tester automatically downloads required tick history from the broker's server taking into account contract specifications, so the developer does not need to do anything manually. This makes it possible to easily and reliably reproduce trading environment conditions, including even millisecond intervals between the arrival of ticks on different symbols. In this article we will demonstrate the development and testing of a spread strategy on two Moscow Exchange futures.