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Fernando Carreiro
3574
Fernando Carreiro  
GrumpyDuckMan: Hello again, I have started using MQL4 again. I believe it will be easier to understand the book better than using MQL5.

I was under the impression that you were already using MQL4! My apologies for recommending the MQL4 book then, because there is also a MQL5 book too. The MQL5 book however, focuses more on using OOP coding to achieve its goals, and not so much the procedural use of the internal functions as is the case in the MQL4 book.

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read

Sergey Golubev, 2017.09.16 05:48

Expert Advisor Programming for MetaTrader 5


This book will teach you the following concepts:

  • Learn the basics of MQL5, including variables and data types, operators, functions, event handlers, and object-oriented programming.
  • Place, modify and close market and pending orders.
  • Calculate, verify and add stop loss and take profit prices to an open position.
  • Add a flexible trailing stop and/or break even stop to your strategy.
  • Manage your trade risk with money management.
  • Use pending orders to scale in and out of positions.
  • Use price, time and indicator data in your expert advisors.
  • Control program execution by trading on new bar open, and add flexible trade timers to your strategies.
  • Walk through the creation of several basic trading strategies from start to finish.
  • Inform the user with dialog boxes, email alerts, mobile notifications and sounds.
  • Draw trend lines, arrows and text labels on the chart.
  • Read and write data to CSV files.
  • Learn the basics of creating indicators, scripts and libraries in MetaEditor.
  • Debug, test and optimize your trading strategy.
  • And much more!

Whether you’re an experienced programmer moving from MQL4, or a novice just starting with MQL5, this book will give you the foundation to quickly program fully-featured and robust trading systems.

GrumpyDuckMan
479
GrumpyDuckMan  
Fernando Carreiro:

I was under the impression that you were already using MQL4! My apologies for recommending the MQL4 book then, because there is also a MQL5 book too. The MQL5 book however, focuses more on using OOP coding to achieve its goals, and not so much the procedural use of the internal functions as is the case in the MQL4 book.

Hello again,

I started first of all with MQL4, so no need for apologies. When I downloaded MQL5 most of my MQL4 code was invalid. I started to re code it, but I through to myself... why bother if MQL4 was starting to working for me already.

I am now using MQL4 again, I believe trying re learn something that you just started to get some sort of a grasp of is pointless and counter productive.  

GrumpyDuckMan
479
GrumpyDuckMan  

Hello again,

I was trying to search for recommended books to read. I think that one of the moderators posted a list of them, but can't remember the name, otherwise I would search member.

Can someone help me please. 

Fernando Carreiro
3574
Fernando Carreiro  
GrumpyDuckMan: I was trying to search for recommended books to read. I think that one of the moderators posted a list of them, but can't remember the name, otherwise I would search member.

In fact, I had already given you this link when I posted the "pocket" of the MQL4 book (just scroll up the page to the beginning).

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read

Sergey Golubev, 2017.09.16 05:40

Expert Advisor Programming for MetaTrader 4


This book will teach you the following concepts:

  • The basic of the MLQ4 language, including variables and data types, operations, conditional and loop operators, functions, classes and objects, event handlers and more.
  • Place, modify and close market and pending orders.
  • Add a stop loss and/or take profit price to an individual order, or to multiple orders.
  • Close orders individually or by order type.
  • Get a total of all currently opened orders.
  • Work with OHLC bar data and locate basic candlestick patterns.
  • Find the highest high and lowest low of recent bars.
  • Work with MetaTrader’s built-in indicators, as well as custom indicators.
  • Add a trailing stop or break even stop feature to an expert advisor.
  • Use money management and lot size verification techniques.
  • Add a flexible trading timer to an expert advisor.
  • Construct several types of trading systems, including trend, counter-trend and breakout systems.
  • Add alert, emails, sounds and other notifications.
  • Add and manipulate chart objects.
  • Read and write to CSV files.
  • Construct basic indicators, scripts and libraries.
  • Learn how to effective debug your programs, and use the Strategy Tester to test your strategies.

All of the source code in this book is available for download, including an expert advisor framework that allows you to build robust and fully-featured expert advisors with minimal effort.

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