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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Creating an EA that works automatically (Part 13): Automation (V)

Creating an EA that works automatically (Part 13): Automation (V)

Do you know what a flowchart is? Can you use it? Do you think flowcharts are for beginners? I suggest that we proceed to this new article and learn how to work with flowcharts.
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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
Prices in DoEasy library (part 61): Collection of symbol tick series
Prices in DoEasy library (part 61): Collection of symbol tick series

Prices in DoEasy library (part 61): Collection of symbol tick series

Since a program may use different symbols in its work, a separate list should be created for each of them. In this article, I will combine such lists into a tick data collection. In fact, this will be a regular list based on the class of dynamic array of pointers to instances of CObject class and its descendants of the Standard library.
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Creating an EA that works automatically (Part 09): Automation (I)

Creating an EA that works automatically (Part 09): Automation (I)

Although the creation of an automated EA is not a very difficult task, however, many mistakes can be made without the necessary knowledge. In this article, we will look at how to build the first level of automation, which consists in creating a trigger to activate breakeven and a trailing stop level.
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Creating an EA that works automatically (Part 05): Manual triggers (II)

Creating an EA that works automatically (Part 05): Manual triggers (II)

Today we'll see how to create an Expert Advisor that simply and safely works in automatic mode. At the end of the previous article, I suggested that it would be appropriate to allow manual use of the EA, at least for a while.
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Creating an EA that works automatically (Part 08): OnTradeTransaction

Creating an EA that works automatically (Part 08): OnTradeTransaction

In this article, we will see how to use the event handling system to quickly and efficiently process issues related to the order system. With this system the EA will work faster, so that it will not have to constantly search for the required data.
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The price movement model and its main provisions. (Part 3): Calculating optimal parameters of stock exchange speculations

The price movement model and its main provisions. (Part 3): Calculating optimal parameters of stock exchange speculations

Within the framework of the engineering approach developed by the author based on the probability theory, the conditions for opening a profitable position are found and the optimal (profit-maximizing) take profit and stop loss values are calculated.
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Advanced Order Execution Algorithms in MQL5: TWAP, VWAP, and Iceberg Orders

Advanced Order Execution Algorithms in MQL5: TWAP, VWAP, and Iceberg Orders

An MQL5 framework that brings institutional-grade execution algorithms (TWAP, VWAP, Iceberg) to retail traders through a unified execution manager and performance analyzer for smoother, more precise order slicing and analytics.
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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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Developing a trading Expert Advisor from scratch (Part 22): New order system (V)

Developing a trading Expert Advisor from scratch (Part 22): New order system (V)

Today we will continue to develop the new order system. It is not that easy to implement a new system as we often encounter problems which greatly complicate the process. When these problems appear, we have to stop and re-analyze the direction in which we are moving.
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Automating Trading Strategies with Parabolic SAR Trend Strategy in MQL5: Crafting an Effective Expert Advisor

Automating Trading Strategies with Parabolic SAR Trend Strategy in MQL5: Crafting an Effective Expert Advisor

In this article, we will automate the trading strategies with Parabolic SAR Strategy in MQL5: Crafting an Effective Expert Advisor. The EA will make trades based on trends identified by the Parabolic SAR indicator.
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Developing a trading robot in Python (Part 3): Implementing a model-based trading algorithm

Developing a trading robot in Python (Part 3): Implementing a model-based trading algorithm

We continue the series of articles on developing a trading robot in Python and MQL5. In this article, we will create a trading algorithm in Python.
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Price Action Analysis Toolkit Development (Part 6): Mean Reversion Signal Reaper

Price Action Analysis Toolkit Development (Part 6): Mean Reversion Signal Reaper

While some concepts may seem straightforward at first glance, bringing them to life in practice can be quite challenging. In the article below, we'll take you on a journey through our innovative approach to automating an Expert Advisor (EA) that skillfully analyzes the market using a mean reversion strategy. Join us as we unravel the intricacies of this exciting automation process.
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Automated grid trading using limit orders on Moscow Exchange (MOEX)

Automated grid trading using limit orders on Moscow Exchange (MOEX)

The article considers the development of an MQL5 Expert Advisor (EA) for MetaTrader 5 aimed at working on MOEX. The EA is to follow a grid strategy while trading on MOEX using MetaTrader 5 terminal. The EA involves closing positions by stop loss and take profit, as well as removing pending orders in case of certain market conditions.
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Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicators

Developing a trading Expert Advisor from scratch (Part 10): Accessing custom indicators

How to access custom indicators directly in an Expert Advisor? A trading EA can be truly useful only if it can use custom indicators; otherwise, it is just a set of codes and instructions.
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Automating Trading Strategies in MQL5 (Part 19): Envelopes Trend Bounce Scalping — Trade Execution and Risk Management (Part II)

Automating Trading Strategies in MQL5 (Part 19): Envelopes Trend Bounce Scalping — Trade Execution and Risk Management (Part II)

In this article, we implement trade execution and risk management for the Envelopes Trend Bounce Scalping Strategy in MQL5. We implement order placement and risk controls like stop-loss and position sizing. We conclude with backtesting and optimization, building on Part 18’s foundation.
Trading Strategies
Trading Strategies

Trading Strategies

All categories classifying trading strategies are fully arbitrary. The classification below is to emphasize the basic differences between possible approaches to trading.
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How to create a simple Multi-Currency Expert Advisor using MQL5 (Part 6): Two RSI indicators cross each other's lines

How to create a simple Multi-Currency Expert Advisor using MQL5 (Part 6): Two RSI indicators cross each other's lines

The multi-currency expert advisor in this article is an expert advisor or trading robot that uses two RSI indicators with crossing lines, the Fast RSI which crosses with the Slow RSI.
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Forecasting with ARIMA models in MQL5

Forecasting with ARIMA models in MQL5

In this article we continue the development of the CArima class for building ARIMA models by adding intuitive methods that enable forecasting.
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How to create a custom True Strength Index indicator using MQL5

How to create a custom True Strength Index indicator using MQL5

Here is a new article about how to create a custom indicator. This time we will work with the True Strength Index (TSI) and will create an Expert Advisor based on it.
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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 Replay System — Market simulation (Part 02): First experiments (II)

Developing a Replay System — Market simulation (Part 02): First experiments (II)

This time, let's try a different approach to achieve the 1 minute goal. However, this task is not as simple as one might think.
Prices in DoEasy library (part 59): Object to store data of one tick
Prices in DoEasy library (part 59): Object to store data of one tick

Prices in DoEasy library (part 59): Object to store data of one tick

From this article on, start creating library functionality to work with price data. Today, create an object class which will store all price data which arrived with yet another tick.
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Developing a trading Expert Advisor from scratch (Part 28): Towards the future (III)

Developing a trading Expert Advisor from scratch (Part 28): Towards the future (III)

There is still one task which our order system is not up to, but we will FINALLY figure it out. The MetaTrader 5 provides a system of tickets which allows creating and correcting order values. The idea is to have an Expert Advisor that would make the same ticket system faster and more efficient.
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Moral expectation in trading

Moral expectation in trading

This article is about moral expectation. We will look at several examples of its use in trading, as well as the results that can be achieved with its help.
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Neural networks made easy (Part 16): Practical use of clustering

Neural networks made easy (Part 16): Practical use of clustering

In the previous article, we have created a class for data clustering. In this article, I want to share variants of the possible application of obtained results in solving practical trading tasks.
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Experiments with neural networks (Part 5): Normalizing inputs for passing to a neural network

Experiments with neural networks (Part 5): Normalizing inputs for passing to a neural network

Neural networks are an ultimate tool in traders' toolkit. Let's check if this assumption is true. MetaTrader 5 is approached as a self-sufficient medium for using neural networks in trading. A simple explanation is provided.
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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.
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Neural networks made easy (Part 67): Using past experience to solve new tasks

Neural networks made easy (Part 67): Using past experience to solve new tasks

In this article, we continue discussing methods for collecting data into a training set. Obviously, the learning process requires constant interaction with the environment. However, situations can be different.
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MQL5 Wizard techniques you should know (Part 03): Shannon's Entropy

MQL5 Wizard techniques you should know (Part 03): Shannon's Entropy

Todays trader is a philomath who is almost always looking up new ideas, trying them out, choosing to modify them or discard them; an exploratory process that should cost a fair amount of diligence. These series of articles will proposition that the MQL5 wizard should be a mainstay for traders.
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MQL5 Wizard Techniques you should know (Part 48): Bill Williams Alligator

MQL5 Wizard Techniques you should know (Part 48): Bill Williams Alligator

The Alligator Indicator, which was the brain child of Bill Williams, is a versatile trend identification indicator that yields clear signals and is often combined with other indicators. The MQL5 wizard classes and assembly allow us to test a variety of signals on a pattern basis, and so we consider this indicator as well.
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Advanced resampling and selection of CatBoost models by brute-force method

Advanced resampling and selection of CatBoost models by brute-force method

This article describes one of the possible approaches to data transformation aimed at improving the generalizability of the model, and also discusses sampling and selection of CatBoost models.
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Neural networks made easy (Part 21): Variational autoencoders (VAE)

Neural networks made easy (Part 21): Variational autoencoders (VAE)

In the last article, we got acquainted with the Autoencoder algorithm. Like any other algorithm, it has its advantages and disadvantages. In its original implementation, the autoenctoder is used to separate the objects from the training sample as much as possible. This time we will talk about how to deal with some of its disadvantages.
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Timeseries in DoEasy library (part 54): Descendant classes of abstract base indicator

Timeseries in DoEasy library (part 54): Descendant classes of abstract base indicator

The article considers creation of classes of descendant objects of base abstract indicator. Such objects will provide access to features of creating indicator EAs, collecting and getting data value statistics of various indicators and prices. Also, create indicator object collection from which getting access to properties and data of each indicator created in the program will be possible.
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Implementing a Rapid-Fire Trading Strategy Algorithm with Parabolic SAR and Simple Moving Average (SMA) in MQL5

Implementing a Rapid-Fire Trading Strategy Algorithm with Parabolic SAR and Simple Moving Average (SMA) in MQL5

In this article, we develop a Rapid-Fire Trading Expert Advisor in MQL5, leveraging the Parabolic SAR and Simple Moving Average (SMA) indicators to create a responsive trading strategy. We detail the strategy’s implementation, including indicator usage, signal generation, and the testing and optimization process.
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The Inverse Fair Value Gap Trading Strategy

The Inverse Fair Value Gap Trading Strategy

An inverse fair value gap(IFVG) occurs when price returns to a previously identified fair value gap and, instead of showing the expected supportive or resistive reaction, fails to respect it. This failure can signal a potential shift in market direction and offer a contrarian trading edge. In this article, I'm going to introduce my self-developed approach to quantifying and utilizing inverse fair value gap as a strategy for MetaTrader 5 expert advisors.
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Data Science and Machine Learning (Part 07): Polynomial Regression

Data Science and Machine Learning (Part 07): Polynomial Regression

Unlike linear regression, polynomial regression is a flexible model aimed to perform better at tasks the linear regression model could not handle, Let's find out how to make polynomial models in MQL5 and make something positive out of it.
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Creating an MQL5 Expert Advisor Based on the PIRANHA Strategy by Utilizing Bollinger Bands

Creating an MQL5 Expert Advisor Based on the PIRANHA Strategy by Utilizing Bollinger Bands

In this article, we create an Expert Advisor (EA) in MQL5 based on the PIRANHA strategy, utilizing Bollinger Bands to enhance trading effectiveness. We discuss the key principles of the strategy, the coding implementation, and methods for testing and optimization. This knowledge will enable you to deploy the EA in your trading scenarios effectively
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Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)

Multiple indicators on one chart (Part 05): Turning MetaTrader 5 into a RAD system (I)

There are a lot of people who do not know how to program but they are quite creative and have great ideas. However, the lack of programming knowledge prevents them from implementing these ideas. Let's see together how to create a Chart Trade using the MetaTrader 5 platform itself, as if it were an IDE.
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Data Science and Machine Learning (Part 06): Gradient Descent

Data Science and Machine Learning (Part 06): Gradient Descent

The gradient descent plays a significant role in training neural networks and many machine learning algorithms. It is a quick and intelligent algorithm despite its impressive work it is still misunderstood by a lot of data scientists let's see what it is all about.