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MetaQuotes Software Corp.
MetaQuotes Software Corp. 2015.01.09 08:40 

New article MQL5 Wizard: Placing Orders, Stop-Losses and Take Profits on Calculated Prices. Standard Library Extension has been published at

The practical purpose of this article is adding to generated Experts a capability to place orders, Stop Losses and Take Profits at required price levels, not only at the specified distance from the current price.

Similar idea was discussed in the article "MQL5 Wizard: How to Teach an EA to Open Pending Orders at Any Price". The significant drawback of the suggested solution is the "forced" change of the parameter of the trading signal module from the subordinate filter. This approach does not abet working with a lot of modules and using the Wizard for process optimization makes no sense.

Implementation of placing orders as well as Stop Losses and Take Profits at any prices in classes inherited from the standard ones is considered in detail further down. That said, any conflicts between modules are impossible. I hope that this article serves an example and inspires readers for writing own improvements of the standard framework and also allows users to implement the developed Library extension.

Fig. 2. Modified pattern of decision making on entering the market

Fig. 2. Modified pattern of decision making on entering the market

Author: Andrey Shpilev

Андрей 2015.01.27 15:51  

 The MetaTrader 5 Trading Platform includes the MQL5 Wizard, which allows to quickly generate code of an Expert Advisor (Expert Advisor builder). With MQL5 Wizard, knowledge of programming languages is no longer a prerequisite for creating trading robots. In the past, it really was an impassable obstacle to create automated trading strategies, but the release of the MQL5 Wizard changed the situation radically. With this new expert advisor builder, the programming experience is not required - the application will do all the necessary work to create a free Expert Advisors.

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