Articles
Engineering Trading Discipline into Code (Part 5): Account-Level Risk Enforcement in MQL5 for MetaTrader 5
We introduce an MQL5 discipline engine that enforces risk consistently at the account level. It continuously scans positions from any source, validates SL/TP, equity-based exposure, and target R:R, and automatically corrects deviations by setting levels or adjusting volume. The result is uniform
Price Action Analysis Toolkit Development (Part 68): Price-Attached RSI Panel in MQL5 for MetaTrader 5
We present a chart-embedded RSI panel that removes the need for a separate window by attaching momentum directly to live price. The article explains the design and MQL5 code: real-time RSI retrieval, slope-based signal classification, and adaptive positioning. Traders get RSI value, state, and
Price Action Analysis Toolkit Development (Part 67): Automating Support and Resistance Monitoring in MQL5 for MetaTrader 5
This article implements a complete MQL5 Expert Advisor that monitors manually drawn support and resistance levels in real time. It synchronizes horizontal lines, detects approaches, touches, breakouts, reversals, and retests, and adds optional candlestick pattern checks. Alerts and on‑chart markers
Engineering Trading Discipline into Code (Part 4): Enforcing Trading Hours and News Disabling in MQL5 for MetaTrader 5
An MQL5 control system that blocks orders outside scheduled trading hours and during scheduled news releases, converting time rules into executable restrictions. It combines a permissions management mechanism, a transaction-level expert advisor, and a visual dashboard for real-time status and
Price Action Analysis Toolkit Development (Part 66): Developing a Structured Head and Shoulders Scanner in MQL5 for MetaTrader 5
Head and Shoulders patterns are difficult to identify consistently in live market data due to noise and structural ambiguity. This article presents a structured, triangle-based MQL5 indicator that isolates pattern components, constructs the neckline, and validates formations using ATR, symmetry, and
Price Action Analysis Toolkit Development (Part 65): Building an MQL5 System to Monitor and Analyze Manually Drawn Fibonacci Levels for MetaTrader 5
The Fibonacci retracement tool is an essential component of price action analysis, providing critical levels for potential market reactions. However, its effectiveness is often limited by the need for continuous human monitoring, which can lead to missed setups. In this part of our series, we
Price Action Analysis Toolkit Development (Part 64): Synchronizing Manually Drawn Trendlines with Automated Monitoring for MetaTrader 5
Monitoring manually drawn trendlines requires constant chart observation, which can cause important price interactions to be missed. This article develops a trendline monitoring Expert Advisor that synchronizes manually drawn trendlines with automated monitoring logic in MQL5, generating alerts when
Engineering Trading Discipline into Code (Part 3): Enforcing Symbol-Level Trading Boundaries with a Whitelist System in MQL5 for MetaTrader 5
This article details an MQL5 framework that restricts trading to an approved set of symbols. The solution combines a shared library, a configuration dashboard, and an enforcement Expert Advisor that validates each trade against a whitelist and logs blocked attempts. It includes fully functional code
Engineering Trading Discipline into Code (Part 2): Building a Daily Trade Limit Enforcer for All Trades in MQL5 for MetaTrader 5
We have developed a system that enforces a daily trade limit to keep you aligned with your trading rules. It monitors all executed trades across the account and automatically intervenes once the defined limit is reached, preventing any further activity. By embedding control directly into the
Price Action Analysis Toolkit Development (Part 63): Automating Rising and Falling Wedge Detection in MQL5 for MetaTrader 5
In this part of the Price Action Analysis Toolkit Development series, we develop an MQL5 indicator that automatically detects rising and falling wedge patterns in real time. The system confirms pivot structures, validates boundary convergence mathematically, prevents overlapping formations, and