Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2014.03.07 12:57
How to Prepare MetaTrader 5 Quotes for Other Applications
Before I started studying MQL5, I tried many other applications for
development of trading systems. I can't say that I wasted my time. Some
of them contain a few useful tools allowing users to save time, deal
with many issues, destroy some myths and quickly select some further
direction for development without the knowledge of programming
These applications need historical data. Due to the absence of some
certain standard data format, they often had to be edited before they
could be used (for example, in Excel) to comply with the format
applicable to the necessary program. Even if you are able to figure out
all necessary details, many things should still be done manually. Users
can find different versions of scripts designed to copy the quotes from
MetaTrader 4 to the necessary format. If there is such a demand, we can
also develop the version of the script for MQL5.
1. Covered Topics
2. Data Format
3. Program's External Parameters
4. Checking Parameters Entered by a User
5. Global Variables
6. Information Panel
7. Application's Main Block
8. Creating Folders and Filing the Data
How to prepare MT4 for backtesting/trading with some pair:
MT4 History data generation
Sergey Golubev, 2016.05.28 10:58
It is not a fully related to your questions but it is about what I am doing when I want to backtest/check/trade using some pair for example:
1. I open MT4.
2. Open USDJPY H1 chart (if I want to do something with this pair).
3. Go to Tools - History Center, find this pair and double mouse click on every pair's timeframe so
before double-mouse click on every timeframe there:
So, by this action - I downloaded the history for this pair to MT4.
4. Now I want to transfer this history to the chart (to trade, for backtesting, and so on).
So, I change timeframe for USDJPY chart to M1, right mouse click on any space of the chart and choose 'Refresh', and all history is loaded to the chart - and I can see it from the Journal about how many bars were loaded from my MT4 History Center to this chart:
Same with M5 timeframe (Refresh), same with M15 and so on up to MN.
After that only I will backtesting/trading or whatsoever anything with this pair (USDJPY in our example).
Just my experience
Sergey Golubev, 2017.02.09 10:51
MetaQuotes company is not a broker so you need to select a broker for trading.
Some links which may help in this situation:
MetaTrader 5 Help - Getting Started
MetaTrader 5 Help - Getting Started - Open an Account
Forum on trading, automated trading systems and testing trading
Mohammad Soubra, 2017.02.09 18:12
After the steps of the link
you have to do:
Working with the Storage
The MQL5 Storage works only with the MQL4/MQL5 folder of the client terminal. All operations with the MQL5 Storage are
performed via the context menu of the "Navigator" window and through the context menu of the source code editor:
Using the menu commands you can perform the following actions in the MQL5 Storage:
The storage contains the information as a tree of files. When connecting to the storage, the MetaEditor user reads
and writes these files. The user always works with a local copy of data and, if necessary, sends changes to the repository.
Each transaction of changes is recorded in the storage journal, and later the user can view when, by whom and what
files were changed. A certain revision number corresponds to each transaction of changes. A revision is a state of the
storage at a point of time. Each time you send changes, a new revision is created (its number is increased) in the storage.
Based on the revision number, the storage determines the state of data and merges them. The user can also update the local
data copy to a selected revision or revert to any revision.
To begin to work with data in the MQL5 Storage, you must associate a local data folder with the appropriate folder in
the storage. This can be done in two ways:
The top directory in the hierarchy, which is bound to the storage, is a root directory. You work with the repository
only within this directory. It is not necessary to bind the top directory /MQL4 or /MQL5 to the storage. Any subdirectory
within /MQL5 or /MQL4 can be root. You can have several root directories, for example, /MQL5/Experts and /MQL5/Images.
Adding to the Repository
To add a folder or file in the repository, select it and execute the +
Add to Storage" command. This will bring up a dialog box showing the list of folders and files to be added.
Files are added locally. To send changes to the repository, execute the
Something Interesting to Read February 2017
Sergey Golubev, 2017.02.09 19:32
MQL5 programming language: Advanced use of the trading platform MetaTrader 5: Creating trading robots and indicatorsby Timur Mashnin
Development of indicators and advisors using the MQL5 programming language for the MetaTrader 5.
Something Interesting to Read December 2013
Sergey Golubev, 2013.12.25 08:14
Expert Advisor Programming for Metatrader 5: Creating Automated Trading Systems in the Mql5 Language (Paperback)
The first guide to programming in MQL5 is here! "Expert Advisor
Programming for MetaTrader 5" is a practical guide to creating automated
trading strategies in the MQL5 language. Take advantage of MetaTrader
5's new features and take your trading to the next level! You'll learn
how to program expert advisors quickly and easily using a ready-made
framework created by an experienced MQL programmer. 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. All programs and
source code files featured in the book are available for download at
the book's official website at Expert Advisor Programming for MetaTrader - MQL4 and MQL5 book
they should really make a Mql5 book in order to MT5 suceed
honest_knave, 2017.01.22 14:59
New MetaTrader 5 iOS build 1509: Login to MQL5.com with Facebook
MetaQuotes Software Corp., 2017.02.10 09:23
With the new MetaTrader 5 app for iPhone and iPad,
it is now possible to login or register on MQL5.com using a Facebook
account. Any user of this social network can access chats and a plethora
of various services for MetaTrader 5 in just a few clicks. Among the large Facebook audience, a great number of mobile traders will certainly appreciate the new sign-in method.
In addition, after logging in to your account, you will be able to receive push notifications from MQL5.com. It is a great way to get notified about new chat messages, comments on forum topics, and newly published articles.
Update MetaTrader 5 App for iOS
Mohammed Mounir, 2017.02.10 09:52
Read this small article (hope it helps): MetaTrader 5 Android OS Help - Opening a Demo Account
The development of MetaTrader 5
started in 2007. MetaTrader 5 was conceived as a revolutionary,
multi-market platform that can run on Forex as well as on any other
financial market. A lot of work has been done since then, and the result
of this work is the platform that provides unlimited opportunities to
traders. In this article, we will talk about all the key features of
MetaTrader 5 and carry out a comparative analysis with the previous
version of the trading platform.
And this is the MT5 user manual:
MetaTrader 5 Help - Trading Platform — User Manual