Articles, Library comments - page 4

New article Price Action. Automating the Engulfing Pattern Trading Strategy has been published: This article describes a process of creating an Expert Advisor for MetaTrader 4 based on the Engulfing pattern, as well as the pattern recognition principle, rules of setting pending orders and stop...

Real Time Complete Trade Stats Display EA : This EA provides traders with real-time overview of their trading activity directly on their chart. This powerful tool displays crucial metrics such as overall buy and sell profits, the number of open trades, and the current market spread, giving traders

Rsi Ema Engulfing Bar V3 : Engulfing Bar Occurs below Ema moving Average that is rising - Buy Trade - Author: Paul Conrad Carlson

Rsi Engulfing Bar V2 : Rsi Indicator Author: Paul Conrad Carlson

Check out the new article: Creating an MQL5-Telegram Integrated Expert Advisor (Part 1): Sending Messages from MQL5 to Telegram . In this article, we create an Expert Advisor (EA) in MQL5 to send messages to Telegram using a bot. We set up the necessary parameters, including the bot's API token and

Check out the new article: Two-sample Kolmogorov-Smirnov test as an indicator of time series non-stationarity . The article considers one of the most famous non-parametric homogeneity tests – the two-sample Kolmogorov-Smirnov test. Both model data and real quotes are analyzed. The article also

Check out the new article: Applying Localized Feature Selection in Python and MQL5 . This article explores a feature selection algorithm introduced in the paper 'Local Feature Selection for Data Classification' by Narges Armanfard et al. The algorithm is implemented in Python to build binary

Check out the new article: Creating a Trading Administrator Panel in MQL5 (Part II): Enhancing Responsiveness and Quick Messaging . In this article, we will enhance the responsiveness of the Admin Panel that we previously created. Additionally, we will explore the significance of quick messaging in

Lesson 4 Price Action and MA Filter : This is a tutorial on price action trading combined with a moving average filter Author: Dao Thanh Tan

Refresh All Open Charts : This Script will Refresh All Open Charts in MT5, Usually custom symbols in MT5 needs to be Refresh sometime so this script will help to refresh all open chart at once. We can also use this Script anywhere where we need to refresh all open charts. Author: Muhammad Ali Akbar

Check out the new article: Example of Stochastic Optimization and Optimal Control . This Expert Advisor, named SMOC (likely standing for Stochastic Model Optimal Control), is a simple example of an advanced algorithmic trading system for MetaTrader 5. It uses a combination of technical indicators

Check out the new article: Self Optimizing Expert Advisor with MQL5 And Python (Part III): Cracking The Boom 1000 Algorithm . In this series of articles, we discuss how we can build Expert Advisors capable of autonomously adjusting themselves to dynamic market conditions. In today's article, we will

MT5 CCI with shift parameter : The default CCI in MT5 doesn't have the shift parameter. This script implements the shift. Author: Conor Mcnamara

SL-TP Values : Indicator displays the value of defined stop loss and or take profit in the deposit currency. Note: It calculates an estimated value based on a simple calculation and does not take into account brokerage commissions. Author: Livio Alves

Arbitrage Triangle EURGBP-EURUSD-GBPUSD by Peter Mueller : The EA identifies discrepancies between theoretical and actual currency exchange rates to execute risk-minimized trading opportunities. Author: Peter Mueller

New article How to create Requirements Specification for ordering a trading robot has been published: Are you trading using your own strategy? If your system rules can be formally described as software algorithms, it is better to entrust trading to an automated Expert Advisor. A robot does not need...

OverHedgeV2: Hedging positions. Working on a new bar. Author: Vladimir Karputov

KA-Gold Bot MT5 : KA-Gold Bot is an advanced trading advisor specifically designed for gold, utilizing the powerful combination of the Keltner channel strategy and two exponential moving averages (EMAs) - the 10-period EMA and the 200-period EMA. Principle of Operation: The 10-period EMA represents

Check out the new article: Example of Causality Network Analysis (CNA) and Vector Auto-Regression Model for Market Event Prediction . This article presents a comprehensive guide to implementing a sophisticated trading system using Causality Network Analysis (CNA) and Vector Autoregression (VAR) in

Examples from the book "Neural networks for algorithmic trading with MQL5" : The book "Neural networks in algorithmic trading with MQL5" is a comprehensive guide, covering both the theoretical foundations of artificial intelligence and neural networks and practical aspects of their application in

Check out the new article: Reimagining Classic Strategies in MQL5 (Part II): FTSE100 and UK Gilts . In this series of articles, we explore popular trading strategies and try to improve them using AI. In today's article, we revisit the classical trading strategy built on the relationship between the

Check out the new article: Developing a multi-currency Expert Advisor (Part 5): Variable position sizes . In the previous parts, the Expert Advisor (EA) under development was able to use only a fixed position size for trading. This is acceptable for testing, but is not advisable when trading on a

Check out the new article: Formulating Dynamic Multi-Pair EA (Part 1): Currency Correlation and Inverse Correlation . Dynamic multi pair Expert Advisor leverages both on correlation and inverse correlation strategies to optimize trading performance. By analyzing real-time market data, it identifies

Check out the new article: Creating an MQL5-Telegram Integrated Expert Advisor (Part 5): Sending Commands from Telegram to MQL5 and Receiving Real-Time Responses . In this article, we create several classes to facilitate real-time communication between MQL5 and Telegram. We focus on retrieving

Check out the new article: Using PatchTST Machine Learning Algorithm for Predicting Next 24 Hours of Price Action . In this article, we apply a relatively complex neural network algorithm released in 2023 called PatchTST for predicting the price action for the next 24 hours. We will use the official

Check out the new article: Developing a multi-currency Expert Advisor (Part 9): Collecting optimization results for single trading strategy instances . Let's outline the main stages of the EA development. One of the first things to be done will be to optimize a single instance of the developed

Check out the new article: Reimagining Classic Strategies (Part VIII): Currency Markets And Precious Metals on the USDCAD . In this series of articles, we revisit well-known trading strategies to see if we can improve them using AI. In today's discussion, join us as we test whether there is a

Max trade volume checker for your trading account : A dialog to display the maximum lot size permitted on the underlying asset for different types of orders (buy, sell, pending buy, and pending sell). Author: Conor Mcnamara

buysell+sl+tp : script to open a buy position at the current price in the MT5 window with a specified stop loss (in pips) and take profit (in pips) Author: 4kk4

MA Ribbon: The indicator shows the areas, where fast MA and slow MA cross. Author: Automated-Trading