The new platform, MetaTrader 5, has been developed for a number of
months. A new language for programming of trading strategies, MQL5, has been
written, too. Stanislav Starikov (stringo), the leading developer of the
language, tells in his interview about special features of MQL5 and about how
it differs from MQL4:
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
The main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
The indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Breakout Analyzer with Volume Critical
Strategy: Enter confirmed reversal setups Watch Video: (Click Here)Breakout Analyzer with Strength
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
The trading robot opens and closes positions by the indicator signals - buys at support levels, sells at resistance levels, which allows to capture large movements. It has the option to close positions by take profit and stop loss. When new signals appear the EA adds orders. When an opposite signal appears: if the order basket is in profit, then the EA closes it; if the basket is in loss, the robot opens opposite orders. The EA settings can be adjusted right from the chart. The EA also features
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Can you make available BNF description of MQL5?
If not BNF, do you have formal syntax descriptive document?
If no formal syntax description, why not?
Can you make available Client Terminal Functionality Documentation?
eg, callable functions, global variable functionality, error code handling embeded within Terminal instead of current random hit and miss programmer attempts at error handling?
What do you see as cut off date when MQL4 will no longer be accepted as platform?
by metaQuotes, by Brokers, ...
eg, will all MQL4 S/W become redundant unless migrate to MQL5 syntax...?
Is or was there a forum thread for current users to ask, suggest, hear from developers regarding MQL5 and Client Terminal functionality features?
The differences as compared to C++ are:
The syntax description will be embedded in MetaEditor help files.
2. No, we cannot as yet. You should consider the functionality described in MQL4. However, the functionality will be expanded considerably.
3. You should not worry about "cut-off" date for MQL4. The upward compatibility of the languages will be kept, with some rare exceptions.
4. You can use this thread for this purpose. Welcome.
I have no problems with single trade operation thread. You stated your thoughts here (2006.10.11 11:56) 'Request to Metaquotes to find a better solution.'
(stringo 2006.10.10 13:45) 'Request to Metaquotes to find a better solution.'
quote: "There can be a quite non-complicate solution in situations like yours.
there can be a set of functions, in which the proper error handling is programmed, that are incapsulated in a template to be applied to creation of an EA in MetaEditor.
I believe this set of functions to be made soon.
Well, is this to be reality?
my friendly but vip concerned comments on (2):
But what does give me problems is the error handling environment presented to coders.
Timeout for the trade has been reached. Before retry (at least, in 1-minute time), it is necessary to make sure that trading operation has not really succeeded
(a new position has not been opened, or the existing order has not been modified or deleted, or the existing position has not been closed)
Should there not be a consistent and thoroughly documented procedure to follow for 'every' possible error?
Should I not know that when OrderSend() results in a timeout error that there is a guarrantee by ClienTerminal that order will be removed from brokers server?
Current docs state that one must 'somehow' determine if tradeOp was actually accepted by server.
For OrderSend() this is oxymoron - the only datum EA has is magic# which it could inspect trade pool for (say, after suitable Sleep() period)
See what I mean?
eg, if get timeout on order[delete,close,modify] it is possible to enter retry loop and alternately sleep and then inspect terminal pools to determine if action was really applied or not (I am assuming that it is the terminal that timesout due to no server ack - and terminal then calls EA with function fail code and lastError of timeout code, yes?) Now, during the EA recognising timeout and issuing sleep(), there is window during which [am guessing here] that server 'finally' sends ack to terminal and terminal updates it's database for this tradeOp. This leads us to EA waking up and now inspecting trade pool and hey presto! learns that tradeOp OK [or !ok], yes?
Above scenario is messy but will work(*) but not for OrderSend(). Why? because only magic# and yes, is possible to say let's retry loop for x times but what happens IF magic# never found in pool?
(*) again, I say is possible because is data EA can check in pool BUT timeout error is not EA error: is timing/comms error and why should EA be given the onerous task of attempting to 'discover' is tradeOp ok/!ok, with retry loops having messy cumbersome checking code etc. This is surely, ClientTerminal TradeServer issue and not functionally part of trading paradigm.
Where is warranty that broker 'did not' open order?
EA may not have long enough sleep in retry loop... so total retry loop time could be less than time needed for broker to ack back to terminal, yes?
If timeout can happen then any scenario one cares to dream up is possible, yes?
I believe this to be circular problem without any answer.
Unless terminal can warrant that orderSend (and actually - all other tradeOps too!) was removed/notApplied by server there is no way for EA to 'know' is there?
Is bad enough if orderModify, because how else can EA know if success unless enter retry loop and in the inspect section, compare pools data with the actuals used in orderModify call - if same... then server must have finally sent ack to terminal and terminal must have updated order data, yes?
So is possible but for all but orderSend - as I understand it.
Regardless of this 'possiblilty' it is imho, irresponsible of terminal to not have clean bullet proof way of error handling for ALL errors. Of course tradeOp errors are by far the greatest worry for trader, yes? Surely must be total binary process: YES or NO
I do not care if EA does anything as long as it does not wipe out my deposit! (due to its inability to KNOW yes||no regards tradeOps)
Currently, my only EA errorHandler() coding response to above is to cause EA to abort - until manual intervention arrives on scene.
Surely it is only [reasonably] simple interface implementation to cause trade server to effectively "backout" of a dubious tradeOp when timeout error has manifested. Is like database updates, yes? Either total update applied OR 'backout' happens and client s/w is so informed...
Straight cut - no grey areas = simple!
Of course - what I derperately require right now is a "method to follow" when OrderSend() results in ERR_TRADE_TIMEOUT
and other tradeOps getting too... ))
I thank you for time taken to read and [hopefully - fully] respond to my very real concerns which are causing me currently constant sleepless nights...
structs will be very nice to have, i have too many arrays already :)
that a multithreaded tester is all im asking for.
Keep it up..
What is the syntax's difference between MQL4 and MQL5?
Maybe you can share a moving average EA in MQL5 to give us a brief sight?
So MT4's EA will need some modifications to be able to run on MT5? When will it approximately released?
Right click on chart --> Duplicate chart.
It would be very useful to have a quick way to copy charts.
It would also be very helpful to have the option to change the currency pair with right click on the chart just like you have it now for changing the timeframe.. (menu with all the pairs opens there.) (or maybe not *all* the pairs. could aslo be user defined pairs.)
Oh, yes, and one more feature!
Please make some key combinations for changing the template on the chart. Just like you have Ctrl-F5 and Shift-F5 now for changing the profile.
Will MQL5 be multithread to take all quad-core processors capacity on Tester?