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How to Write an Expert Advisor or an Indicator

MQL4 Source Code Library for MetaTrader 4 - 34

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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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The RSI indicator in the main chart window.

Areas of the potential price reversals.

The multi-timeframe version of the ChannelsFIBO_v2 indicator.

The signal indicator that detects potential market entry points.

The indicator points to the potential entry points.

The RSI indicator implemented as a histogram with a designation of the overbought and oversold levels.

The Fibonacci channel with the ability to select the type of the reference distance.

The indicator draws a price channel using the Hodrick-Prescott Filter.

The indicator based on the moving averages shifted to the left relative to the chart.

The presented indicator plots a fully-functional tick chart similar to the standard price charts, with the ability of the analysis using all the MetaTrader features.

The indicator was developed to help analyze the interesting strategies, and also to practice and gain experience in analyzing the signals on history data in the selected strategy.

The Expert Advisor which uses AO and AC. Buying and selling is performed when the colors of the indicators match.

The Expert Advisor based on the RSI indicator. МА and martingale are added in the new version.

The SuperTake implements the strategy of Martingale by Take Profit.

The Expert Advisor based on the Heiken Ashi indicator.

The indicator shows the identification (magic) number and the profit of the order.

The indicator displays the pairs with the current price most/least distant from the opening price.

The indicator points at the reverse bars based on the Profitunity system by Bill Williams excluding the angulation relative to the Alligator indicator mouth.

The script inserts the FXT-file of any custom chart, synthesized from real tick flow, into the strategy tester folder.

This indicator can be useful for arbitrageurs.

The Slope Direction Line trend indicator, used by the Hammering EA from the Market section.

The indicator uses Move Average to draw the level line of up and down.

The indicator shows: the remaining time on each candle, the changing value of the Bid price, tick by tick, the relative price position of the Bid/Ask spread.

A round-number horizontal web with continuous auto-adjusting.

View current and historical trends of every timeframe.

Non-optimized version of Kaufman's adaptive moving average.

Standard MACD diagram with bullish and bearish bars colored differently.

1 Click "Close All" button to close all open positions at current attached chart.

Multiple Timeframe Moving Average. It is set to look at H4 and H1 time frames. This code is for anyone who wants to use a different timeframe than on the current window.

The indicator places two price marks for the expected candle close, based on the candle range and the chart type.

Expert Advisor that will close all orders and disable another Expert Advisor / AutoTrading at desired level.

The main idea of this Expert Advisor is to trade by the basic concept of Stochastic oscillator in its basic parameters, with ability to change these parameters via the EA inputs.

Spread, its moving average (EMA), its maximum and minimum, and ticks per second (market speed) in the Comment. The version 1.01 is made with the normal average, instead of the moving average.

1 Click "Close All" button to close all your positions (regardless of the pair) will be closed at once.

This is my 1st published code, it is very simple code example: RSI 14 (price close) — open buy when it is < 25, close buy when it is > 50, open sell when it is > 75, close sell when it is < 50.

The indicator for the floating spread. Displays the change in spread of multiple currency pairs.

The multitimeframe version of the ChannelsFIBO indicator.

The indicator marks the bars, the size of which exceeds the value specified in the settings.

The arrow indicator that displays the potential market entry points based on the simultaneous presence of three Stochastic indicators with different periods in the overbought/oversold areas.

The indicator plots a channel based on fractals.

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