Articles, Library comments - page 50

SLTP Currency: This EA will use the deposit currency as Stop Loss and Take Profit for each trade, once profit or loss has been reached it will close the entire trade. Author: buju

Check if there are any new bar : The purpose is to check whether new bar are generated This is a class file that can be used as a class or copied to EA or scripts for use Author: Mage He

New article Experiments with neural networks (Part 5): Normalizing inputs for passing to a neural network has been published: Neural networks are an ultimate tool in traders' toolkit. Let's check if this assumption is true. MetaTrader 5 is approached as a self-sufficient medium for using neural

New article Creating an Indicator with Multiple Indicator Buffers for Newbies is published: The complex codes consist of a set of simple codes. If you are familiar with them, it doesn't look so complicated. In this article, we will consider how to create an indicator with multiple indicator...

CCI + MACD Scalper : Indicators used: - EMA (default period 34) - CCI (default MA period 50) - MACD (default MT5 settings) The strategy goes as follows: For BUY orders: - The candle must close ABOVE the EMA - The CCI indicator must cross the 0 level and go into the positive - The MACD indicator must

CHO Smoothed Arrow : Signals (Arrow objects) of iCHO indicator (Chaikin Oscillator, CHO) and smoothed iCHO intersections Author: Vladimir Karputov

CSV file reader for MQL5: This class was developed to exchange data between MetaTrader 5 and CSV files. It converts the strings read from the CSV file to double and integer values depending of the type of the columns. Two producers of CSV files are most important for me. The most important...

New article Graphical Interfaces VIII: The Tree View Element (Chapter 2) has been published: The previous chapter of part VIII on graphical interfaces has focused on the elements of static and drop-down calendar. The second chapter will be dedicated to an equally complex element — a tree view, that...

Simple ZZ Consolidation Zones: More experiments with the Simple ZigZag indicator. A small upgrade allows the indicator to find and mark the price consolidation areas with colored rectangles. Author: Oleg Shenker

New article How to choose an Expert Advisor: Twenty strong criteria to reject a trading bot has been published: This article tries to answer the question: how can we choose the right expert advisors? Which are the best for our portfolio, and how can we filter the large trading bots list available on

i-SpectrAnalysis_OsMA: The indicator is an example of smoothing a time series of the OsMA indicator by filtering harmonics of higher order. Author: Nikolay Kositsin

Lazy Bot MT5 (Daily Breakout EA) : - This Bot use stratery Breakout of Daily Bar, I tested for 3 Pair currency : GBPUSD, EURUSD, XAUUSD - Default setting is not sure the best, you can test for your parameter. - This is version for MT5 that convert from MT4 - this EA is best for broker low spread

ant-GUBreakout: The indicator to display time ranges Author: Andrey Voytenko

New article Learn how to design a trading system by BW MFI has been published: This is a new article in the series in which we learn how to design a trading system based on popular technical indicators. This time we will cover Bill Williams' Market Facilitation Index (BW MFI). Strategy one: BW MFI

Stochastic MACD: Stochastic MACD Author: Mladen Rakic

New article Creating an EA that works automatically (Part 12): Automation (IV) has been published: If you think automated systems are simple, then you probably don't fully understand what it takes to create them. In this article, we will talk about the problem that kills a lot of Expert Advisors

FOREX Currency Powers: MetaTrader 5 allows creating synthetic instruments. The price of such instruments can depend on the current values of a number of financial instruments. In trading, such symbols allow spotting the beginning and end of global market movements at an early stage. In this example...

Donchain Channel Indicator: This indicator draws three Donchain bands: up, middle and down bands based on which you can design your scalping system. Author: Rasoul Mojtahedzadeh

EA Move StopLoss to BreakEven: When the order reaches the specified profit, then EA automatically moves StopLoss to BreakEven. Author: commgrow 

Bollinger bands squeeze: Bollinger bands squeeze Author: Mladen Rakic

Volume Profile + Range v6.0: Volume Profile + Range v6.0 (former TPO). Distribution of deals by price levels at a given time interval. Displayed as a histogram. Author: Olexiy Polyakov

EasyXML - XML Parser: EasyXML is a native MQL5 XML Parsing Library. It can parse XML from three different sources: URL, File and String Input. It is completey object oriented an strives to integrate neately with MQL5, as it utilizes CObject and CArrayObj from the MQL5 Standard library to store...

Reverse Strategy : Reverse strategy using Moving Average, Standard Deviation and RSI Author: Valentinos Konstantinou

Support and Resistance: The "Support and Resistance" indicators shows the support and resistance levels using the Fractals indicator. The calculation of support levels is based on the "Fractals down", the calculation of the resistance levels is based on the "Fractals up" of the Fractals indicator...

SubScaler : This is a helper indicator which allows you to adjust vertical scale of a subwindow manually, which is useful for zooming in and zooming out graphs of your favourite indicator placed in the same subwindow. Author: Stanislav Korotky

Strongest Pair Indicator : This will return the pair with the most growth in the user input start time and end time Author: Jacobie Nycambren Barksdale

Arbitrage: The multi-currency arbitrage tactics. The necessary arbitrage does not require explanation. In this case a similar strategy is proposed. The difference is that in the real arbitrage the trades are performed only when there is a profitable price difference between the commodity and the...

Rsi with Hann windowing : Rsi with Hann windowing Author: Mladen Rakic

New article Population optimization algorithms: Saplings Sowing and Growing up (SSG) has been published: Saplings Sowing and Growing up (SSG) algorithm is inspired by one of the most resilient organisms on the planet demonstrating outstanding capability for survival in a wide variety of conditions

New article Alternative Log File with the Use of HTML and CSS has been published: In this article we will describe the process of writing a simple but a very powerful library for making the html files, will learn to adjust their displaying and will see how they can be easily implemented and used in...