Articles, Library comments - page 3

Check out the new article: Custom Indicator Workshop (Part 1): Building the Supertrend Indicator in MQL5 . Build a non‑repainting Supertrend in MQL5 for MetaTrader 5 from first principles. We use an iATR handle and CopyBuffer for volatility, bind buffers with SetIndexBuffer, and configure plots

Fair Value Gap Detector Indicator : Detects 3-candle Fair Value Gaps (price imbalances) and draws them as boxes that extend live until price trades back through the gap. Detection runs only on fully closed bars, so gaps never flicker in and out as the current candle forms. Author: Olamide Daniel

Currency Strength Meter : Ranks the 8 major currencies by relative strength on a live on-chart panel, calculated from the average percentage change of every available cross pair — not just USD pairs — so weak/strong currencies are visible at a glance, independent of whichever chart you have open

Timer Candle : simple coundown timer Author: Anh Hoang Nguyen

Check out the new article: Python + LLM API + MetaTrader 5: Real-World Experience Building an Autonomous Trading Bot . The article describes the development of an MVP prototype for an autonomous trading bot for MetaTrader 5 that uses large language models (LLMs) via the OpenRouter API to analyze the

Interactive On-Chart Risk Management and Execution Panel : An interactive GUI panel for MetaTrader 5 designed for manual traders and quant developers. It automates dynamic position sizing based on exact account equity risk percentage, features one-click order execution (Buy/Sell), instant BreakEven

Check out the new article: Designing a Partial Close Engine in MQL5 with Configurable Profit Ladders . This MQL5 engine applies configurable profit ladders in R‑multiples to manage partial closes reliably. It prevents stranded remainders by rounding to lot step, computes close percentages from the

Drawdown Meter : Most reports give you one drawdown number - the worst one. This read-only script measures all three that matter on your own closed history: depth, duration and frequency. It prints the maximum drawdown with its peak, trough and recovery dates, the longest underwater period in days

Basket Protective Close : Closes a basket of positions when its floating loss reaches a limit set as fixed money, a percent of balance, or a percent of equity. Scope filters by symbol or magic numbers, optional profit target, safe non blocking retries. Author: Judi Gosal

Check out the new article: Larry Williams Market Secrets (Part 4): Automating Short-Term Swing Highs and Lows in MQL5 . Master the automation of Larry Williams’ short-term swing patterns using MQL5. In this guide, we develop a fully configurable Expert Advisor (EA) that leverages non-random market

Alpha Beta Channel - AKM : 1. The Core Tracking Engine (Alpha-Beta Filter)At its core, the indicator utilizes an Alpha-Beta filter—a lightweight, steady-state version of a Kalman filter designed to track position and velocity.Predictive Calculation: Instead of simply averaging past prices like an

Multi-Timeframe FVG Depth Meter : Scans multiple timeframes for unfilled Fair Value Gaps, plots them as zones directly on your chart, and tracks local bull/bear imbalance depth with a histogram and live dashboard. Author: Akinyemi Emmanuel Akintoye

Adaptive Kalman Trend Filter with Regime Bands submission : A single-state Kalman filter that rescales its own process noise by Kaufman's Efficiency Ratio on every bar, tightening into price during trends and smoothing harder through chop, plotted with regime bands that expand and contract on the

Swing Detector by Pullback (Smart Money Concepts) : SMC Pullback marks swing highs and lows using the pullback definition instead of the usual 3-candle pattern. A high is confirmed only when price trades back through the low of the candle that made it — so every marked point is an actual rejection

Volume Profile : This is an indicator for showing volume profile on the chart, using simple calculations and very fast execution. Author: Mohammad Baset

IncOsMAOnArray : COsMAOnArray class is designed for calculation of OsMA (Moving Average of Oscillator) values on indicator buffers. Author: Дмитрий

Multi Timeframe Trend Dashboard Indicator : A compact on-chart panel showing the current symbol's trend across several timeframes at once, each evaluated independently with its own Fast/Slow moving-average cross. No switching charts to check "what's H4 doing" — it's all in one place, color-coded

Round Trip Cost Reconciler MT5 : Read-only MT5 history utility that groups partial fills by position identifier and separates gross result from commission, swap, fee, and net result. Author: Usamah

Check out the new article: Developing Smart Chart Objects in MQL5 (Part 1): Building a Stateful Trendline Management Framework . This article details a practical framework for converting MetaTrader 5 trendlines from static drawings into managed runtime entities. It covers object discovery

Check out the new article: Building a Hidden Risk of Ruin Auditor in MQL5 . Aggregate metrics alone do not reveal how a trade sequence manages risk. This MQL5 tool analyzes closed positions to flag four structural patterns: post-loss volume escalation, overlapping same-direction entries, asymmetric

Check out the new article: Institutional-Grade Multi-Currency Portfolio Engine in MQL5 (Part 1): Architecture of a Multi-Currency EA Framework . The article details a master–agent MQL5 framework that mitigates cross-symbol risk concentration. A single Portfolio Controller publishes risk limits and

Check out the new article: Beyond the Mean and Standard Deviation: A Robust Statistics Library for MQL5 Indicators . Price outliers distort indicators based on the mean and standard deviation. This article delivers a robust MQL5 library (RobustStats.mqh) implementing the median, 1.4826-scaled MAD

Check out the new article: Neural Networks in Trading: Probabilistic Time Series Forecasting (Encoder) . We invite you to explore a new approach that combines classical methods and modern neural networks for time series analysis. The article provides a detailed explanation of the architecture and

Check out the new article: Fast Integration of a Large Language Model with MetaTrader 5 (Part II): Fine-Tuning on Real Data, Backtesting, and Live Trading by the Model . The article describes the process of fine-tuning a language model for trading based on real historical data from MetaTrader 5. The

Check out the new article: Integrating AI into 3 Smart Money Concepts (SMC): OB, BOS, and FVG . This guide integrates a trained XGBoost model (ONNX) into an SMC EA to evaluate trade setups before execution. The Python pipeline labels historical XAUUSD events and produces a 12-feature representation

New article How to Post a Product in the Market is published: Publish your interesting applications in the Market, and they will be immediately available to all traders who use MetaTrader 5 worldwide. The Market is a great opportunity to earn, with an immediate transfer to the account and convenient

New article New Article Publishing System at the MQL5.community is published: We present you a new article publishing system at the MQL5.community. In the new system, we have tried to make the whole process of article writing clear and comfortable by breaking it into several steps. At each step we

Check out the new article: MQL5 Bootstrap (III): Simplified Functions for Working with News . This article presents a unified news model and a set of reusable MQL5 classes for working with the MetaTrader 5 Economic Calendar. You will retrieve, filter, and cache events by time, currency, country, and

Check out the new article: Self Optimizing Expert Advisors in MQL5 (Part 18): Time Lagged Independent Components Analysis . We evaluate blind source separation for market noise control using FastICA applied to SMA-filtered, time-lagged OHLC features. The study compares classical and surrogate

Swing High Low - Non-Repainting Pivots with Push/Email Alerts : Marks non-repainting swing highs and lows using configurable LeftBars / RightBars pivots. Sends push and email alerts on each new confirmed swing. Author: Hirpara Sahil Jivanbhai