Articles, Library comments - page 3

Check out the new article: The Maximal Information Coefficient: Detecting Any Relationship, and the Null That Decides Whether It Is Real . This article implements the Maximal Information Coefficient (MINE) for MQL5, including the grid search with dynamic programming and the four MINE statistics. It

Check out the new article: Symbol Correlation Monitor with Live Heatmap in MQL5 . This work delivers an MQL5 Expert Advisor that reads open-position symbols, builds return series, and computes a rolling Pearson correlation matrix, displayed as a CCanvas heatmap. Off-diagonal pairs that meet a

Check out the new article: Price Action Analysis Toolkit Development (Part 82): Annotating Historical Bookmarks with Reliable Timeframe Switching . We implement visible bookmark annotations and a hand-off mechanism for cross-symbol and cross-timeframe recall. The navigator stores the target in

Check out the new article: Practical Modules from Other Languages in MQL5 (Part 08): MATPLOTLIB . Learn how to bring advanced plotting and data visualization to the MetaTrader 5 terminal by leveraging Matplotlib, one of Python's most powerful and widely used visualization libraries. Author: Omega J

Check out the new article: Strategy Optimization and Forward Analysis (Part 1): The Pardo Method — A Basic Model . The article explains how to establish a reproducible process for developing and testing trading systems in MetaTrader 5: from formalizing entry and exit rules and risk management to

VelaMayor MTF - Higher Timeframe Candle Overlay : Overlay higher timeframe candles directly onto your lower timeframe charts with customizable body fills, independent borders, and precise wicks. Effortlessly spot macro bias, session openings, and liquidity ranges without switching screens

MITP - Multi-Indicator Trend Painter : Hi bros, yesterday I had an idea, pick all the best trend following default indicators on TradingView and made a super TS with the conjunction. Claude from Anthropic did the excellent job. Author: Rodrigo S. Franco

Triangular Arbitrage : This Expert Advisor (EA) implements a triangular arbitrage strategy between three currency pairs: EURUSD, USDJPY and EURJPY Author: Джованни Орсани

MSB Pro ALGO Position Risk Monitor for MT5 : Free MT5 position risk monitor displaying stop-loss risk, account risk percentage, positions without SL and individual position risk directly on the chart. Author: Kemal Mustafa Ozkan

Risk-Based Lot Size Calculator Script with On-Chart Panel : Calculates the lot size for a chosen risk percent and stop loss distance, and shows the result in a clean panel on the chart. Author: Huynh Dang Diep Nguyen

Check out the new article: Master the Z-Score: Building Mean-Reverting MQL5 Trading Systems . This article explains how to use the Z-Score to quantify price deviations in standard deviations and apply the concept in MQL5. We cover the calculation, interpretation across market regimes, and the

Check out the new article: Larry Williams Market Secrets (Part 18): Automating the Greatest Swing Value Breakout Strategy in MQL5 . This article converts the Greatest Swing Value breakout rules into a configurable MQL5 Expert Advisor. It implements measurable setup conditions, failure-swing

Mirror Hedge EA (Same terminal and account only) : Mirrors trades opened, modified, and closed by another EA on the same hedging account, selected by magic number. By default it inverts direction (Buy↔Sell, SL↔TP), so you can forward-test the reverse of a strategy with real spreads, slippage, and

RSI Exhaustion Reversal - EURUSD : Open-source EURUSD Expert Advisor for MetaTrader 5 Strategy Tester, based on RSI exhaustion signals, ATR-based exits and volatility-adjusted spread filtering. Author: Jose Isaac Almeida Da Silva

Alpha Engine: Intrinsic-Time Coastline Trader : A port of the Olsen group's Alpha Engine: eight limit-order agents trade intrinsic-time directional changes on a hedging account. They add on overshoots and trim at a profit on reversals. Author: Muhammad Minhas Qamar

Check out the new article: MetaTrader 5 Machine Learning Blueprint (Part 22): Auditing the Selection Criterion — Measuring Overfit in Hyperparameter Search . We show that nested cross-validation removes optimistic evaluation bias but does not stop hyperparameter search from overfitting a finite

Buy GBPJPY Every Monday. That's the Whole Strategy. : A free, fully open EA: buy GBPJPY every Monday at 11:00 server time (04:00 New York), close at 23:00. Stays profitable in backtest with the entry anywhere from 09:00 to 13:00. Attach to GBPJPY M1. Author: Tomasz Wojciech Forszpaniak

Check out the new article: Trade Entry Timing Accuracy Analyzer in MQL5 . This article builds an MQL5 dashboard that evaluates entry timing for closed positions using tick‑based Maximum Adverse Excursion (MAE) and Maximum Favorable Excursion (MFE). It computes an entry efficiency ratio, renders an

Check out the new article: Building AI-Powered Trading Systems in MQL5 (Part 12): Giving the Assistant Chart Vision and Tool Access . We give our AI chat assistant two new abilities in MQL5: sight and tool access. It can now capture the chart as a screenshot, attach it to a message, and view it in

Check out the new article: Neural Networks in Trading: From Transformers to Spiking Neurons (Key Components) . We present to the reader an implementation of the SpikingBrain framework’s approaches based on recurrent linear attention with gates, discussed in detail in this article. Forward pass

Check out the new article: Encoding Candlestick Pattern (Part 6): Developing the Encoded Sequence Indicator . An on-chart MQL5 indicator generates a live stream of encoded candlestick symbols and a frequency report for the last N bars. It supports color customization and type filtering, and uses

Check out the new article: Regime Discovery by Structure: Implementing Toeplitz Inverse Covariance Clustering (TICC) . This article presents a full MQL5 pipeline for Toeplitz Inverse Covariance Clustering: stacked observations, ADMM‑based graphical lasso with block‑Toeplitz constraints, and

Check out the new article: Uncertainty as a Model (Part 3): Mathematical Statistics — How to Extract Knowledge from Data . This part of the series examines the mechanisms of the Law of Large Numbers (LLN) and the Central Limit Theorem (CLT) as the theoretical foundation for understanding market

AgentGuard — Independent Risk Guard for AI Agents in MetaTrader 5 : AgentGuard — an independent risk layer for AI-driven trading in MetaTrader 5. AI agents (including MCP-connected agents since build 6060) trade at machine speed — and platform safety settings alone can't catch every mistake

Portfolio Allocation Planner — budget-to-lots dashboard and CSV : Before configuring a basket, see which target weights fit your broker's minimum lots. Portfolio Allocation Planner turns an explicit hypothetical notional budget and percentages into a chart table: minimum-lot notional, lots rounded

Broker Basket Preflight — read-only contract and minimum-volume diagnostics : Read-only MT5 script for exact Market Watch symbols: contract and volume rules, quote age and spread, isolated BUY/SELL margin, one-tick price moves and spread-only results in account currency. MIT source; Experts journal

Backtesting Trade Assistant Panel : Backtesting Trade Assistant Panel Author: Amirhossein Heydarijokani

Manual Trade Pad for Strategy Tester : A lightweight manual trading panel for MetaTrader 5 with market order execution, risk-based position sizing, Break-Even, partial close and position management. Works in both live trading and the Strategy Tester. Author: Amirhossein Heydarijokani

Symbol Spec Export - volume step, filling mode and stops level to CSV : Writes the trading specification of every symbol to a CSV file: volume step, filling modes, stops level, tick value and more. Author: Tim Wanke

DailyLossGuard — Hard Daily Loss Protection : DailyLossGuard — Hard Daily Loss Protection (Prop-Firm Challenge Essential) The #1 reason funded challenges fail is breaking the daily loss rule. DailyLossGuard enforces it automatically: it tracks your daily P/L every tick against your limit (% of