Articles, Library comments - page 13

Take Profit based on your current profit : Most EAs tend to close orders in take profit based on the distance in pips from the purchase price. However, this MQL4 code is based mainly on the current profit. Author: Luca Cerquatelli

Check out the new article: William Gann methods (Part II): Creating Gann Square indicator . We will create an indicator based on the Gann's Square of 9, built by squaring time and price. We will prepare the code and test the indicator in the platform on different time intervals. In this article, we

Check out the new article: From Basic to Intermediate: Operators . In this article we will look at the main operators. Although the topic is simple to understand, there are certain points that are of great importance when it comes to including mathematical expressions in the code format. Without an

Check out the new article: Price Action Analysis Toolkit Development (Part 15): Introducing Quarters Theory (1) Quarters Drawer Script . Points of support and resistance are critical levels that signal potential trend reversals and continuations. Although identifying these levels can be challenging

RSIOMA MT5 : RSIOMA MetaTrader indicator — this indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they

Check out the new article: Developing a multi-currency Expert Advisor (Part 8): Load testing and handling a new bar . As we progressed, we used more and more simultaneously running instances of trading strategies in one EA. Let's try to figure out how many instances we can get to before we hit

Useful #define statements : These are some #define statements that are useful to perform operations in your EA. You only need to assign the name of your variables at the beginning of the file, and then let the other #define statements do the work. In order to use this file, add #include

SuperTrend: The SuperTrend indicator developed for MetaTrader 4 based on the ProRealTime version. Author: Jason Robinson

Engulfing Pattern Plus One : Engulfing Pattern Plus One Author: Vladimir Karputov

Check out the new article: Anarchic Society Optimization (ASO) algorithm . In this article, we will get acquainted with the Anarchic Society Optimization (ASO) algorithm and discuss how an algorithm based on the irrational and adventurous behavior of participants in an anarchic society (an anomalous

New article Creating Custom Criteria of Optimization of Expert Advisors is published: The MetaTrader 5 Client Terminal offers a wide range of opportunities for optimization of Expert Advisor parameters. In addition to the optimization criteria included in the strategy tester, developers are given...

Trade Statistics Report Real Time: This will display the Account Trading Report for real trade. Author: jaffer wilson

Print massive information (PrintXYZ) from the terminal : PrintXYZ() library to print massive information from the terminal. Author: amrali

Find Swing Highs Swing Lows : The Swing High/Low Identifier for MetaTrader 5 marks significant swing highs and swing lows directly on your chart with color-coded arrows. This tool helps traders quickly identify key price levels, which can serve as resistance and support, and is ideal for trend

Check out the new article: Chaos theory in trading (Part 1): Introduction, application in financial markets and Lyapunov exponent . Can chaos theory be applied to financial markets? In this article, we will consider how conventional Chaos theory and chaotic systems are different from the concept

Check out the new article: MQL5 Integration: Python . Python is a well-known and popular programming language with many features, especially in the fields of finance, data science, Artificial Intelligence, and Machine Learning. Python is a powerful tool that can be useful in trading as well. MQL5

Check out the new article: MQL5 Wizard Techniques you should know (Part 55): SAC with Prioritized Experience Replay . Replay buffers in Reinforcement Learning are particularly important with off-policy algorithms like DQN or SAC. This then puts the spotlight on the sampling process of this

Check out the new article: Neural Networks in Trading: Injection of Global Information into Independent Channels (InjectTST) . Most modern multimodal time series forecasting methods use the independent channels approach. This ignores the natural dependence of different channels of the same time

Check out the new article: Build Self Optimizing Expert Advisors in MQL5 (Part 6): Stop Out Prevention . Join us in our discussion today as we look for an algorithmic procedure to minimize the total number of times we get stopped out of winning trades. The problem we faced is significantly

Check out the new article: Neural Networks in Trading: Practical Results of the TEMPO Method . We continue our acquaintance with the TEMPO method. In this article we will evaluate the actual effectiveness of the proposed approaches on real historical data. The TEMPO method is built on the use of a

Corrected double smoothed Wilder's EMA: Corrected double smoothed Wilder's EMA Author: Mladen Rakic

BB stops: BB stops - new version. Author: Mladen Rakic

Time in microseconds (µs) since 01/01/1970 : Simple class for getting the number of milliseconds(µs) elapsed since January 1, 1970 Author: Nikolai Semko

Check out the new article: Price Action Analysis Toolkit Development (Part 13): RSI Sentinel Tool . Price action can be effectively analyzed by identifying divergences, with technical indicators such as the RSI providing crucial confirmation signals. In the article below, we explain how automated

Check out the new article: Price Action Analysis Toolkit Development (Part 14): Parabolic Stop and Reverse Tool . Embracing technical indicators in price action analysis is a powerful approach. These indicators often highlight key levels of reversals and retracements, offering valuable insights into

Check out the new article: William Gann methods (Part I): Creating Gann Angles indicator . What is the essence of Gann Theory? How are Gann angles constructed? We will create Gann Angles indicator for MetaTrader 5. The Angle Bounce strategy is based on the assumption that Gann angle lines often act

Check out the new article: Developing a robot in Python and MQL5 (Part 2): Model selection, creation and training, Python custom tester . We continue the series of articles on developing a trading robot in Python and MQL5. Today we will solve the problem of selecting and training a model, testing

Profit Shield - EA for MT4 : This EA is designed to automatically close BUY and SELL orders independently based on user-defined profit percentages of the account balance. It allows traders to set separate profit targets for both BUY and SELL positions, ensuring that each side of the market is

Economic Calendar Monitor and Cache for Backtesting on History : This indicator displays current events on the chart and allows you to export the calendar to archives for backtesting, automatically fixing time discrepancies between the history of bars and the history of events. This is an improved

Check out the new article: Introduction to MQL5 (Part 11): A Beginner's Guide to Working with Built-in Indicators in MQL5 (II) . Discover how to develop an Expert Advisor (EA) in MQL5 using multiple indicators like RSI, MA, and Stochastic Oscillator to detect hidden bullish and bearish divergences