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How to Write an Expert Advisor or an Indicator

MQL4 Source Code Library for MetaTrader 4 - 32

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The largest library features codes of free trading Expert Advisors, technical indicators and scripts. With the available applications you can trade in automated mode and analyze price dynamics. Use the library of codes to learn more about financial market sentiments.

Download free applications, test them and run in your MetaTrader 4. You can access them from the MetaTrader 4 platform and the MetaEditor development environment.

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Displays the situation when the directions of price movement and technical indicators do not coincide. This is mostly seen when the indicator reaches an overbought or oversold area (20;80).

The indicator displays the ranges. Useful for the visualization of various "zones".

Simple indicator with great potential for the analysis of data and its use.

Displays the difference between the long-term and short-term market sentiments relative to the price.

A solution for those who can not devote much time to the analysis of the current situation on the Forex market and to making correct and confident decisions, that are an integral part of online trading.

The LSMA is used for confirmation of counter-trend signals.

The Expert Advisor that gains profit from the positive swaps + multi-currency arbitrage tactics.

The Range indicator displays the index of the range expansion and is an oscillator for the market calculation.

Indicators for the "Chaos" trading system described in the third book by Bill Williams (Bill Williams and Justin Williams. Trading Chaos - Second Edition).

The ZZ_All Quotings 0-0050 script is designed for downloading history on all currency pairs, metals, known indices, CFD and for controlling "holes" in history.

A simple function that creates a list of the available currency pair symbols.

Function library and Experts for trailing (11 types). Simple usage of complex algorithms.

The Dealers Trade v 7.74 EA is based on the algorithm of multi-lot scalping. The EA has been repeatedly tested on a live account.

The Dealers Trade v 7.51 RIVOT EA is based on the algorithm of multi-lot scalping. The EA has been repeatedly tested on a live account.

The indicator shows direction of movement and rollbacks.

The awo Holidays EA reports the status of the next day: working day, weekend or holiday.

The history_data_analysis_v3 script checks the history for missing bars, determines the size of the holes, gaps and makes a list of them.

The hst2csv script is used for converting *.hst files to *.csv files, that can be imported into the MetaTrader 4 client terminal with no errors.

The library for automated optimization of an EA during its operation.

Example of using wininet.dll for downloading a web page.

A set of scripts for quick drawing the Elliott waves.

Universal trend utility for near predictions and making decisions by "stops" and/or "stops/reversals" of the orders.

The CurrencyChart indicator allows to display the charts of multiple currencies (symbols) in a single window.

This library allows you to write a text file with the quotes of the symbol in any place on your hard drive.

The OsMACD indicator is a combination of the colored Moving Average of Oscillator(OsMA) and Moving Average Convergence/Divergence(MACD) indicators.

Additional functions for working with the datetime variables.

A simple indicator of the floating reference center and its nearest resistance and support levels.

The Comment2 library expands the capabilities of the standard Comment function for comment output.

A simple trend indicator that clearly shows the direction of the current trend. It can be used in the breakout trading systems.

The New Fractal Lines indicator implements not the "squat" bar, but the "squat" fractal and draws the fractal lines.

With the help of this library it is possible to implement the ability to maintain positions with a simple trailing stop in any Expert Advisor.

The library contains five functions for reading the values from an INI-file and five functions for writing the values to an INI-file. Thus, there are five pairs of functions to read/write the values of 'integer array', 'boolean', 'double', 'integer' and 'string' types.

The MA-4H indicator displays the moving average of the selected timeframe on the chart of the current timeframe. The intersection of the two moving averages is implemented as optional. The external parameters allow to activate the second moving average in order to see their intersection.

Script for converting a chart of the M1 timeframe into all other charts of the standard timeframes and recreating the M1 timeframe chart.

Commentary on behalf of Exponential Moving Average.

The Expert Advisor simply opens orders in the opposite direction after the current order is closed.

Simple display any time zone daily channel.

This is an indicator which totally based on RSI. The reason to amend this indicator is knowing the strength of a currency.

Pending Order is an order that will be executed if the price touches a point that we specify, in other words open pending order means ordering to open a position at a certain price level. So if price hits a predetermined level, then automatically we have an open trading positions.

This indicator shows MACD in the main chart.

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