Articles, Library comments - page 22

Corrected volume weighted moving average : Corrected volume weighted moving average Author: Mladen Rakic

MQL5 Programming for Traders – Source Codes from the Book. Part 7 : The final seventh part of the book discusses the advanced capabilities of the MQL5 API, which will be useful when developing programs for MetaTrader 5. These include custom financial symbols, built-in economic calendar events, and

Change SL/TP on chart drop off : This script will change the SL and TP of all open trades of the symbol to the price where the script is dropped off. Author: Fernando Morales

Check out the new article: Reimagining Classic Strategies (Part 20): Modern Stochastic Oscillators . This article demonstrates how the stochastic oscillator, a classical technical indicator, can be repurposed beyond its conventional use as a mean-reversion tool. By viewing the indicator through a

Gaps : Indicator of price gaps between the previous Close and the current Open price. Author: Tapochun

High-Performance Time Functions (TimeUtils) : High-performmance functions for dealing with time. Author: amrali

Open Range BreakOut Indicator for MetaTrader 5 : The Open Range Breakout (ORB) indicator is a powerful technical analysis tool that identifies and tracks price breakouts from the opening range of trading sessions. This indicator is based on the concept that the high and low prices established during

BuySell : This indicator shows the "ultimate support/resistance" levels of current trend. Trend changes is shown with color rectangles, trend direction is shown with colored dots. The direction of trend is determined by dynamics of moving average , the support/resistance levels depend on current

Check out the new article: From Novice to Expert: Navigating Market Irregularities . Market rules are continuously evolving, and many once-reliable principles gradually lose their effectiveness. What worked in the past no longer works consistently over time. Today’s discussion focuses on probability

Check out the new article: Statistical Arbitrage Through Cointegrated Stocks (Part 9): Backtesting Portfolio Weights Updates . This article describes the use of CSV files for backtesting portfolio weights updates in a mean-reversion-based strategy that uses statistical arbitrage through cointegrated

Check out the new article: Adaptive Smart Money Architecture (ASMA): Merging SMC Logic With Market Sentiment for Dynamic Strategy Switching . This topic explores how to build an Adaptive Smart Money Architecture (ASMA)—an intelligent Expert Advisor that merges Smart Money Concepts (Order Blocks

Check out the new article: Pure implementation of RSA encryption in MQL5 . MQL5 lacks built-in asymmetric cryptography, making secure data exchange over insecure channels like HTTP difficult. This article presents a pure MQL5 implementation of RSA using PKCS#1 v1.5 padding, enabling safe

Check out the new article: Automated Risk Management for Passing Prop Firm Challenges . This article explains the design of a prop-firm Expert Advisor for GOLD, featuring breakout filters, multi-timeframe analysis, robust risk management, and strict drawdown protection. The EA helps traders pass

Click on the market chart to create a price alert : This is a first for MetaTrader 5. Now you can click on the chart to create price alerts. Author: Conor Mcnamara

Indiana Jones Mean Reversion EA : This is a simple mean reversion EA Author: Yashar Seyyedin

Check out the new article: Statistical Arbitrage Through Cointegrated Stocks (Part 8): Rolling Windows Eigenvector Comparison for Portfolio Rebalancing . This article proposes using Rolling Windows Eigenvector Comparison for early imbalance diagnostics and portfolio rebalancing in a mean-reversion

Three Screen Elder Arrows : An indicator in the form of arrows on the basis of Elder's trading system. Author: sigma7i

Check out the new article: Creating Custom Indicators in MQL5 (Part 1): Building a Pivot-Based Trend Indicator with Canvas Gradient . In this article, we create a Pivot-Based Trend Indicator in MQL5 that calculates fast and slow pivot lines over user-defined periods, detects trend directions based

Check out the new article: Introduction to MQL5 (Part 32): Mastering API and WebRequest Function in MQL5 (VI) . This article will show you how to visualize candle data obtained via the WebRequest function and API in candle format. We'll use MQL5 to read the candle data from a CSV file and display it

Static text display : Static Text display is a lightweight and user-friendly Expert Advisor (EA) for MetaTrader 5, designed to inspire and educate traders by displaying motivational trading tips directly on your chart. With a sleek, centered black background and white text in a monospaced font, this

Check out the new article: From Novice to Expert: Automating Trade Discipline with an MQL5 Risk Enforcement EA . For many traders, the gap between knowing a risk rule and following it consistently is where accounts go to die. Emotional overrides, revenge trading, and simple oversight can dismantle

BULK POSITION OPENER - Professional Trade Management Tool : Professional bulk position manager with GUI. Open/close multiple Market, Limit, and Stop orders instantly with one click. Complete TP/SL control. Author: Samuel Abiri

RSD Histogram : Relative Strength Deviation Histogram Author: lefy sithebe

Engulfing Indicator : This is an indicator that helps identify Engulfing candle patterns. Author: Minh Hieu Hoang

Check out the new article: Codex Pipelines, from Python to MQL5, for Indicator Selection: A Multi-Quarter Analysis of the XLF ETF with Machine Learning . We continue our look at how the selection of indicators can be pipelined when facing a ‘none-typical’ MetaTrader asset. MetaTrader 5 is primarily

Indices Testing : Der EA tradet nur Buy - Positionen und setzt kein Sl und TP ein. Author: Igor Widiger

New article Graphical Interfaces XI: Integrating the Standard Graphics Library (build 16) has been published: A new version of the graphics library for creating scientific charts (the CGraphic class) has been presented recently. This update of the developed library for creating graphical interfaces

CloseAll FIFO : This free code manages to close all positions just by drag and drop into a chart. Author: David Diez

Check out the new article: Mastering Kagi Charts in MQL5 (Part I): Creating the Indicator . Learn how to build a complete Kagi Chart engine in MQL5—constructing price reversals, generating dynamic line segments, and updating Kagi structures in real time. This first part teaches you how to render

JPTrend indicator : The indicator calculates the resistance and support lines and shows alerts when price is reached them. Whatever your strategy, you need to know where are supports and resistances lines, eventually you will appreciate to be alerted if they are reached. This indicator rescan line