MQL5.com Wall - Recent advancements in algorithmic/automated trading in MetaTrader 5

2017.01.10

Most read articles this month

ZigZag is one of the most popular indicators among the MetaTrader 5 users. The article analyzes the possibilities for creating various versions of the ZigZag. The result is a universal indicator with ample opportunities to extend its functionality, which is useful in the development of trading experts and other indicators.

The 'Turtle Soup' trading system and its 'Turtle Soup Plus One' modification

The article features formalized rules of two trading strategies 'Turtle Soup' and 'Turtle Soup Plus One' from Street Smarts: High Probability Short-Term Trading Strategies by Linda Bradford Raschke and Laurence A. Connors. The strategies described in the book are quite popular. But it is important to understand that the authors have developed them based on the 15...20 year old market behavior.

80-20 trading strategy

The article describes the development of tools (indicator and Expert Advisor) for analyzing the '80-20' trading strategy. The trading strategy rules are taken from the work "Street Smarts. High Probability Short-Term Trading Strategies" by Linda Raschke and Laurence Connors. We are going to formalize the strategy rules using the MQL5 language and test the strategy-based indicator and EA on the recent market history.

2017.01.10

15 new topics on forum:

and 12 more...

2017.01.10

6 new products are now available on the Market:

Parabolic Regression Shapes Demo by Vladimir Komov

FREE

This analyzer script opens up new possibilities of graphical analysis of price charts and is a useful addition to any trading strategy. It is mainly designed for manual trading, but the full version also contains means for integration with trading Expert Advisors. It does not perform trading operations. Full version: https://www.mql5.com/en/market/product/19642 Method The script builds the current non-linear trend and highlights the following price patterns based on quadratic regression Linear

Inside Bar MT5 by Taras Slobodyanik

30.00

The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar. Indicator Parameters Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Type of i

Lasors Raptor by Aleksej Shcherbak

100.00

This is an advanced Expert Advisor based on Lasors. The modified analysis algorithm allows you to better process the signals of the same-name indicator. Along with other changes and innovations, this facilitated program separation into a new product. The EA features a level breakthrough strategy. Stop loss and take profit levels are added immediately after a trade is opened. If the market has no definite trend, part of a position is gradually closed with a new impulse. In case of a dynamic trend

Rise or fall volume by Alexander Nikolaev

10.00

A trader can not always find whether the last closed bar was bullish or bearish in terms of volume. The indicator analyzes all minute volumes within this bar and can more accurately predict the behavior of large market players. It can work on all currency pairs, it is better to use timeframes from H1 to Daily. The indicator calculates the volume values from the 1-minute timeframe, therefore, it is necessary to have a lot of history data for the M1 timeframe. The methods for determining buy or se

Sound Notification by Artem Deisun

10.00

Sound Notification is a utility with audio notifications about account events, such as opening and closing orders, as well as status of the equity - positive or negative. It is also possible to send notifications to email, mobile device or as a pop-up message in the terminal. Utility notifies about the following events Opening a new order. Be it opened manually or by a triggered pending order. Closing order with a profit. Closing order with a loss. Closing all orders. Equity becoming positive

and 1 more...

2017.01.09

Bestsellers in the Market:

FoxTrotTWO EA by Thomas Gruening

60.00

FoxTrotTWO EA is a scalper Expert Advisor intended for EURUSD. It is also available for other major pairs and cross currency pairs. Recommended timeframe is M15. FT2 trades a narrow range at night. At the top and bottom of the range, FT2 will try to generate trades in the opposite direction. To open suitable trades, the Expert Advisor uses several indicators and analyzes several timeframes. But the trades are generated by price actions and are not opened by the indicator. FT2 requires a moderate

FX Power by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

Theorem by David Zouein

500.00

Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods. The direction of the trade is determined by the EA's clever adaptive system. The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience, it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions, this means that the TP/SL levels are dynamic and not static. Above

FX Trend by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long

2017.01.09

20 new topics on forum:

and 17 more...

2017.01.09

8 new products are now available on the Market:

Strong Weak by Iurii Tokman

97.00

Multi-currency indicator, analyzes 56 currency pairs simultaneously: AUD EUR GBP NZD CAD CHF JPY USD AUD SUMM EURAUD GBPAUD AUDNZD AUDCAD AUDCHF AUDJPY AUDUSD EUR EURAUD SUMM EURGBP EURNZD EURCAD EURCHF EURJPY EURUSD GBP GBPAUD EURGBP SUMM GBPNZD GBPCAD GBPCHF GBPJPY GBPUSD NZD AUDNZD EURNZD GBPNZD SUMM NZDCAD NZDCHF NZDJPY NZDUSD CAD AUDCAD EURCAD GBPCAD NZDCAD SUMM CADCHF CADJPY USDCAD CHF AUDCHF EURCHF GBPCHF NZDCHF CADCHF SUMM CHFJPY USDCHF JPY AUDJPY EURJPY GBPJPY NZDJPY CADJPY CHFJPY SUM

Bressert Trade Bands by Jerome Bressert

FREE

Trade Bands - We took the SMA ( Simple Moving Average ) then plotted a standard Deviation of 1.5 from this value. We make the upper band Red and the Lower Band Green. What we look for is a move between these lines. This will help you with price objectives or entering the market. Inputs Band Period - SMA - 15 Band Deviation - 1.5 You can modify these number. This indicator is a compliment to the CycleTraderPro HAL, SMA and Line Indicators. Our preferred default inputs are a 15 length with a 1.

RenkoSarCCI by Sergey Deev

30.00

The indicator calculates and displays Renko bars using PSAR and CCI data as well as provides buy/sell signals. Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency. The buy signal is generated when the CCI indicator crosses the 100 level upwards, and the PS

Iron by Alexandr Shinin

200.00

The IRON is an Expert Advisor with an iron will It is based on a standard Parabolic SAR trend indicator and also provides manual trading. The robot actions are very simple, opens a trade and maintains it. If the trade reaches the planned profit, the order is closed. Otherwise, when the loss level is reached, an opposite order is opened with doubled lot size, later on the EA maintains the new order in the same way. Using the built-in algorithms for risk management allows to adjust both the sum th

Sagacious Trading Expert Advisor by Olalekan Gisanrin

35.00

Sagacious Trading Expert Advisor calculates take profit and stop loss based on the current period chart and is suitable for any trader whose emotion may likely influence his or her trading, since emotion can negatively affect decisions on when or at what point to close a trade. It helps to verify existing trend and identifies emerging trend as well as provides a view of over-extended trend that is about to reverse. It bridges the gap between fundamental data and technical strategy while establis

and 3 more...

2017.01.08

Bestsellers in the Market:

Change size volume lot signals by Kim Hoang

30.00

If you are hiring the signal at website mql5.com to earn investment profits, the lot size on your MT4 software received from the signal will be limited to reduce risk. Because the lot size is too small, investment profits will be very small. This is a tool to increase the lot size of the order. This tool will automatically copy the order from the original order. The copied order will have the lot multiplier according to the parameters you declare. All the process of opening and closing the order

FoxTrotTWO EA by Thomas Gruening

60.00

FoxTrotTWO EA is a scalper Expert Advisor intended for EURUSD. It is also available for other major pairs and cross currency pairs. Recommended timeframe is M15. FT2 trades a narrow range at night. At the top and bottom of the range, FT2 will try to generate trades in the opposite direction. To open suitable trades, the Expert Advisor uses several indicators and analyzes several timeframes. But the trades are generated by price actions and are not opened by the indicator. FT2 requires a moderate

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

BBSO Genuity Scalper by Olivier Nomblot

500.00

Another breakthrough. Using the legendary BBSO range trading module and a Trend module, a Breakout Module, and a Volatility module, this Scalper generates a lot of quick trades in and out using the strongest point of BBSO and its modules the ENTRY. Self Optimizes in seconds ANY Pair on any time frame. No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapts to your broker... just drag on your screen. Using the Black box logic (please read my

FX Power by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe

2017.01.08

Most downloaded source codes this week

Ichimoku Kinko Hyo System An EA fully based on the Ichimoku Kinko Hyo system.
Yen Trader Expert Advisor to trade Yen Crosses based on Major Pairs and USDJPY divergence/convergence.
Pivot Star Pivot indicator. Standard, Fibonacci, Camarilla, Woody's, Demark. Calculates pivot points from previous bar of chosen period (M5 - MN).

2017.01.08

Most read articles this week

Universal ZigZag

ZigZag is one of the most popular indicators among the MetaTrader 5 users. The article analyzes the possibilities for creating various versions of the ZigZag. The result is a universal indicator with ample opportunities to extend its functionality, which is useful in the development of trading experts and other indicators.

80-20 trading strategy

The article describes the development of tools (indicator and Expert Advisor) for analyzing the '80-20' trading strategy. The trading strategy rules are taken from the work "Street Smarts. High Probability Short-Term Trading Strategies" by Linda Raschke and Laurence Connors. We are going to formalize the strategy rules using the MQL5 language and test the strategy-based indicator and EA on the recent market history.

LifeHack for Trader: A comparative report of several tests

The article deals with the simultaneous launch of Expert Advisor testing on four different trading instruments. The final comparison of four testing reports is provided in a table similar to how goods are represented in online stores. An additional bonus is that distribution charts will be automatically created for each symbol.

2017.01.08

The most popular forum topics:

Coding help 24 new comments
EA Brontosaurs - EA Collection 20 new comments
Tuning a system to pinpoint breakouts at the very start of a cycle, but also the start of dumb money volatility near the end of a cycle. 20 new comments

2017.01.08

There are more than 83 530 topics available on forum

2017.01.08

13 new topics on forum:

and 10 more...

2017.01.08

More than 10 new charts published:

WINZ16, M5

EURUSD, M1

GBPUSD, M5

2017.01.07

The most downloaded free products:

ZigZag SupportAndResistance MT5 by Nikolay Churbanov

FREE

The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag ind

ZigZag SupportAndResistance by Nikolay Churbanov

FREE

The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag

AverageDailyRange by Nikolay Churbanov

FREE

The Average Daily Range is an indicator for showing support and resistance zones based on the average daily price range of currency. It is necessary to look for the buy signal when the price goes over the resistance level, and for the sell signal when the price goes over the support level. The indicator shows the static and dynamic levels. Static levels are calculated based on the opening price of the day. Dynamic levels are calculated based on the daily Highs and Lows. Indicator Settings ADRP

TrendGuider by Hamed Dehghani

FREE

Trend Guider indicator work with price trend and resistance/support Line to detect best buy and sell opportunities. This indicator use moving average and price pattern actions to find latest and power full resistance and support lines and then guide trader to start trade in direction and use last active support as buy trades stop loss and last active resistance as sell trades stop loss. Never has not repaint signals. Input Parameters Are: Weak Power Signal = true/flase : if you enable it , indic

OptimaFilter by Hendrik Budi Widagdo

FREE

OptimaFilter indicator calculation is based on neural network theory and is adjusted by mathematical formula created by the author of this indicator. The product has been developed specifically for confirmation of the power of a trend starting to swing. This indicator features high accuracy and is easy to use for both beginner and professional traders. It is suitable for all symbols available in MetaTrader (Forex, stock, metal, etc.). You can use free version this indicator here PowerTrendFilter

2017.01.07

Bestsellers in the Market:

MonsterDash Harmonic Indicator by Paul Geirnaerdt

139.00

MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho

DSZ Smart Volume by Dariusz Szewczyk

29.00

DSZ Smart Volume indicator displays the current and future values of the volume. Every instrument has its own personality which comes from events like market openings, lunch times, news releases and night. DSZ Smart Volume simply analyzes volume statistically to create volume distribution over day. Volume bars are red if values are below average and green when above. The line represents volume distribution over a day. Colored band in the bottom represents volume distribution. Interpretation Re

MAXIM Key Reversal by marlon facey

60.00

The trading signals provided by Maxim-KR (Key Reversal) are derived from a combination of tried and tested technical analysis methodologies, to enable FX traders to take advantage of counter trend opportunities in ALL G10 currency pairs. Maxim Counter Trend is implemented as an MT4 indicator and uses the following methodologies: Volume Spread Analysis (VSA). Relative Strength Index (RSI). Exponential Moving Average (EMA) Cross-over. The indicator pin-points three kinds of reversals (an example o

Black Cobra by Aleksandr Valutsa

1 250.00

The EA can work on 10 currency pairs simultaneously. Parameters Symbols - the number of active pairs, from 1 to 10 as a drop-down list: OnePair Two P airs Three P airs Four P airs Five P airs Six P airs Seven P airs Eight P airs Nine P airs Ten P airs _1_S - list of currency pairs of the first category; _2_S - list of currency pairs of the second category; _3_S - list of currency pairs of the third category; Prefix - in case your currency pairs contain any prefix, enter it here (if the field i

TP Money Management by AutoTrading Factory

10.00

All successful traders know that money management is essential to win in the markets. With the TP Money Management, you have an automatic money management that helps you to calculate your risk. It's up to you: % Loss on equity of your account. Pips Take Profit Pips Break Even Pips Stop Trailing You select your stop loss level by moving the cursor over the graph. If you do not want Take Profit, Stop Break Even or Trailing, you can put 0 pips and it will be disabled. Once defined above, the EA cal

2017.01.07

13 new topics on forum:

and 10 more...

2017.01.06

Bestsellers in the Market:

Theorem by David Zouein

500.00

Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods. The direction of the trade is determined by the EA's clever adaptive system. The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience, it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions, this means that the TP/SL levels are dynamic and not static. Above

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Lighthouse by Daniel Stein

75.00

You want to become a constantly profitable 5-star forex trader? 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its rol

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

Orders Indicator by Andrey Khatimlianskii

30.00

i-Orders is a simple indicator to monitor your own trade/analyze others' trades. I use it for a long time and do not imagine a chart without these arrows, lines and trade result numbers. The features allow you to: change the size and location of the control buttons ( Control buttons size , Control buttons corner ), disable display of opened and closed positions ( Show OPENED , Show CLOSED , Show PENDING ), change colors of arrows and lines for profitable and loss-making buy and sell positions se

2017.01.06

19 new topics on forum:

and 16 more...

2017.01.05

Bestsellers in the Market:

Change size volume lot signals by Kim Hoang

30.00

If you are hiring the signal at website mql5.com to earn investment profits, the lot size on your MT4 software received from the signal will be limited to reduce risk. Because the lot size is too small, investment profits will be very small. This is a tool to increase the lot size of the order. This tool will automatically copy the order from the original order. The copied order will have the lot multiplier according to the parameters you declare. All the process of opening and closing the order

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Theorem by David Zouein

500.00

Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods. The direction of the trade is determined by the EA's clever adaptive system. The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience, it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions, this means that the TP/SL levels are dynamic and not static. Above

FoxTrotTWO EA by Thomas Gruening

60.00

FoxTrotTWO EA is a scalper Expert Advisor intended for EURUSD. It is also available for other major pairs and cross currency pairs. Recommended timeframe is M15. FT2 trades a narrow range at night. At the top and bottom of the range, FT2 will try to generate trades in the opposite direction. To open suitable trades, the Expert Advisor uses several indicators and analyzes several timeframes. But the trades are generated by price actions and are not opened by the indicator. FT2 requires a moderate

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

2017.01.05

The most popular forum topics:

Elite indicators :) 35 new comments
Something interesting please post here II 29 new comments
Requests & Ideas, the beginning 17 new comments

2017.01.05

18 new topics on forum:

and 15 more...

2017.01.04

Bestsellers in the Market:

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Theorem by David Zouein

500.00

Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods. The direction of the trade is determined by the EA's clever adaptive system. The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience, it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions, this means that the TP/SL levels are dynamic and not static. Above

Brazil System Premium by Mechanic

35.00

This trading system does not use any indicators. The EA starts operation opening two differently directed orders. After one of them is closed by Take Profit, two differently directed orders are opened again and their lot is multiplied by Lot Mulitplier. This process lasts until the number of orders reaches the value of Max. Locked Orders. When it does, the EA stops opening locking orders. It will be opening orders in the direction of the available series with the Grid Step value used as a step b

Wave Finder EA by Sergey Belov

55.00

This automated Expert Advisor is designed to work with any broker and with any value of spread. It does not require ECN accounts. The EA parameters are optimized for EURUSD by default. The EA can work on any timeframe as it does not affect the results of trading. The Expert Advisor automatically detects the number of digits in the quotes. Recommended leverage is 1:500 (1:400). If the leverage is smaller, the risk parameter should be reduced. Real account monitoring can be found here: https://www

FX Trend by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long

2017.01.04

There are more than 83 460 topics available on forum

2017.01.04

18 new topics on forum:

and 15 more...

2017.01.03

22 new topics on forum:

and 19 more...

2017.01.03

Bestsellers in the Market:

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Theorem by David Zouein

500.00

Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods. The direction of the trade is determined by the EA's clever adaptive system. The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience, it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions, this means that the TP/SL levels are dynamic and not static. Above

PipFinite Breakout Analyzer by Karlo Wilson Vendiola

88.00

The Breakout Indicator That Has Been Proven & Tested! Breakout Analyzer uses an advanced algorithm based on high probability price patterns. Each trade is analyzed on the statistics panel to help you evaluate the best breakout setups. Bonus Strategy 1 Breakout Analyzer with Volume Critical Watch Video: (Click Here) Bonus Strategy 2 Breakout Analyzer with Strength Meter Watch Video: (Click Here) Features Universal compatibility to different trading systems Analyzes statistics of breako

PipFinite Trend Laser by Karlo Wilson Vendiola

88.00

The Pioneer Of Trend Detection! A Powerful Indicator That Avoids Whipsaws And Uncertain Market Noise. Functions mainly as a filter to help you trade in the direction of the trend. It works in any pair or timeframe. Features Advanced trend detection software using complex algorithms that can be used as the supporting tool or system. Unique trend detection that avoids whipsaws and uncertain market noise Analyzes statistics of maximum profits and calculates possible targets for the next signal Fl

2017.01.03

The most downloaded free products:

ZigZag SupportAndResistance MT5 by Nikolay Churbanov

FREE

The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag ind

ZigZag SupportAndResistance by Nikolay Churbanov

FREE

The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag

AverageDailyRange by Nikolay Churbanov

FREE

The Average Daily Range is an indicator for showing support and resistance zones based on the average daily price range of currency. It is necessary to look for the buy signal when the price goes over the resistance level, and for the sell signal when the price goes over the support level. The indicator shows the static and dynamic levels. Static levels are calculated based on the opening price of the day. Dynamic levels are calculated based on the daily Highs and Lows. Indicator Settings ADRP

TrendGuider by Hamed Dehghani

FREE

Trend Guider indicator work with price trend and resistance/support Line to detect best buy and sell opportunities. This indicator use moving average and price pattern actions to find latest and power full resistance and support lines and then guide trader to start trade in direction and use last active support as buy trades stop loss and last active resistance as sell trades stop loss. Never has not repaint signals. Input Parameters Are: Weak Power Signal = true/flase : if you enable it , indic

RSI Divergence Alert Simple by Arkady Segal

FREE

A simplistic indicator informing a user on RSI divergence by sending messages to mobile device and email. The indicator draws 2 vertical lines, marking two RSI extrema that formed the divergence. You get the alert, open the charts and make a decision. The indicator does not show past divergences, thus when you attach it to a chart for the first time you see nothing. Graphics and alerts will appear as soon as divergences do. Drop it in Tester to see how it works. Parameters: RSIPeriod - number of

2017.01.03

Most downloaded source codes this month

Renko Live Charts v4.13 Trade using Renko Boxes in MetaTrader 4.
News EA Template without DLL Template EA that downloads news without the use of DLL.
Elliott Waves Indicator The indicator helps to use the Elliott waves, as described in the book "Trade Chaos" by Bill Williams.

2017.01.03

Most read articles this month

The 'Turtle Soup' trading system and its 'Turtle Soup Plus One' modification

The article features formalized rules of two trading strategies 'Turtle Soup' and 'Turtle Soup Plus One' from Street Smarts: High Probability Short-Term Trading Strategies by Linda Bradford Raschke and Laurence A. Connors. The strategies described in the book are quite popular. But it is important to understand that the authors have developed them based on the 15...20 year old market behavior.

MQL5 Programming Basics: Global Variables of the MetaTrader 5 Terminal

Global variables of the terminal provide an indispensable tool for developing sophisticated and reliable Expert Advisors. If you master the global variables, you will no more be able to imagine developing EAs on MQL5 without them.

80-20 trading strategy

The article describes the development of tools (indicator and Expert Advisor) for analyzing the '80-20' trading strategy. The trading strategy rules are taken from the work "Street Smarts. High Probability Short-Term Trading Strategies" by Linda Raschke and Laurence Connors. We are going to formalize the strategy rules using the MQL5 language and test the strategy-based indicator and EA on the recent market history.

2017.01.02

13 new topics on forum:

and 10 more...

2017.01.02

The most popular forum topics:

Elite indicators :) 29 new comments
Requests & Ideas 23 new comments
Indicators with alerts/signal 20 new comments

2017.01.02

Bestsellers in the Market:

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Lighthouse by Daniel Stein

75.00

You want to become a constantly profitable 5-star forex trader? 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its rol

Theorem by David Zouein

500.00

Theorem EA Analyzes the market and auto determines the entry levels based on the finding of price fluctuations in quiet periods. The direction of the trade is determined by the EA's clever adaptive system. The most powerful part of the EA is the Smart Auto-Close function that has been developed after many years of market experience, it tracks TP/SL breakouts of the open trades and auto-closes them according to market conditions, this means that the TP/SL levels are dynamic and not static. Above

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

FX Trend by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long

2017.01.01

There are more than 83 410 topics available on forum

2017.01.01

10 new topics on forum:

and 7 more...

2017.01.01

Bestsellers in the Market:

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Brazil System Premium by Mechanic

35.00

This trading system does not use any indicators. The EA starts operation opening two differently directed orders. After one of them is closed by Take Profit, two differently directed orders are opened again and their lot is multiplied by Lot Mulitplier. This process lasts until the number of orders reaches the value of Max. Locked Orders. When it does, the EA stops opening locking orders. It will be opening orders in the direction of the available series with the Grid Step value used as a step b

FX Power by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe

FX Trend by Daniel Stein

75.00

️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1. Read the basic description of our simple trading system & and it's major strategy update in 2020 2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long

Wave Hunter by Roman Sheikin

125.00

Wave Hunter uses pending orders for trading. It is a scalping strategy for trading breakthroughs. The EA is based on a breakthrough of a channel formed on a specified interval. Wave Hunter uses trailing and breakeven after reaching a few points of profit, thus cutting a possible loss. Wave Hunter always has a fixed stop loss. At the same time, the take profit is unlimited, deals are closed based on a different principle. Trading strategy of the Expert Advisor is the use of the regularity in the

2017.01.01

Most downloaded source codes this week

Ichimoku Kinko Hyo System An EA fully based on the Ichimoku Kinko Hyo system.
Renko Live Charts v4.13 Trade using Renko Boxes in MetaTrader 4.
Ultimate Moving Average Moving Average based on Ultimate Oscillator. It calculates weighted average of three moving averages (Simple, Exponential, Smoothed or Linear Weighted).

2017.01.01

Most read articles this week

80-20 trading strategy

The article describes the development of tools (indicator and Expert Advisor) for analyzing the '80-20' trading strategy. The trading strategy rules are taken from the work "Street Smarts. High Probability Short-Term Trading Strategies" by Linda Raschke and Laurence Connors. We are going to formalize the strategy rules using the MQL5 language and test the strategy-based indicator and EA on the recent market history.

Universal ZigZag

ZigZag is one of the most popular indicators among the MetaTrader 5 users. The article analyzes the possibilities for creating various versions of the ZigZag. The result is a universal indicator with ample opportunities to extend its functionality, which is useful in the development of trading experts and other indicators.

LifeHack for Trader: A comparative report of several tests

The article deals with the simultaneous launch of Expert Advisor testing on four different trading instruments. The final comparison of four testing reports is provided in a table similar to how goods are represented in online stores. An additional bonus is that distribution charts will be automatically created for each symbol.

2016.12.31

Bestsellers in the Market:

EA Channel Trading System by Mechanic

50.00

This grid Expert Advisor is based on the Channel Trading System indicator, it can build up a grid of orders or increase the lot size after reaching stop loss. It is recommended to use accounts with low spread. Recommended deposit is $100 and higher. Real operation monitoring as well as my other products can be found here: https://www.mql5.com/en/users/mechanic/seller Input Parameters The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input

Brazil System Premium by Mechanic

35.00

This trading system does not use any indicators. The EA starts operation opening two differently directed orders. After one of them is closed by Take Profit, two differently directed orders are opened again and their lot is multiplied by Lot Mulitplier. This process lasts until the number of orders reaches the value of Max. Locked Orders. When it does, the EA stops opening locking orders. It will be opening orders in the direction of the available series with the Grid Step value used as a step b

PipFinite Exit Scope by Karlo Wilson Vendiola

88.00

Did You Have A Profitable Trade But Suddenly Reversed? Exiting a trade is equally important as entering! Exit Scope helps maximize your current trade profit and avoid turning winning trades to losers. Attention Exit Signals are NOT to be used in entering a trade! Exit means closing your trades to avoid correction/reversal which can wipe out existing profit or haunt break-even orders. Please watch presentation (Click Here) Features Generates instant exit signals based on price action, volat

Compact Scalper Expert Advisor by Aida Chavez

100.00

Compact Scalper is an Expert Adviser (EA) totally automatic that works by a little period of time each day. It has an advanced algorithm that use the price like the principal indicator. Our system has a preset Stop Loss and Take Profit, but Its principal close system is, the dynamic close, considers the price where the order was opened and the subsequent behavior of the price, closing the orders when the conditions leave to be the appropriate. Each broker has its operation therefore can not act

FoxTrotTWO EA by Thomas Gruening

60.00

FoxTrotTWO EA is a scalper Expert Advisor intended for EURUSD. It is also available for other major pairs and cross currency pairs. Recommended timeframe is M15. FT2 trades a narrow range at night. At the top and bottom of the range, FT2 will try to generate trades in the opposite direction. To open suitable trades, the Expert Advisor uses several indicators and analyzes several timeframes. But the trades are generated by price actions and are not opened by the indicator. FT2 requires a moderate

2016.12.31

8 new topics on forum:

and 5 more...

2016.12.30

The most downloaded free products:

ZigZag SupportAndResistance MT5 by Nikolay Churbanov

FREE

The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag ind

ZigZag SupportAndResistance by Nikolay Churbanov

FREE

The Zigzag Support And Resistance is an indicator for showing support and resistance zones based on the ZigZag extremums. Indicator Settings PrecalculateBars - the number of bars for the preview; SmoothPercent - smoothing of the levels as a percentage; LiveBars - lifetime of a level in bars; D1Depth - depth of the ZigZag indicator on the D1 chart; H4Depth - depth of the ZigZag indicator on the H4 chart; H1Depth - depth of the ZigZag indicator on the H1 chart; M15Depth - depth of the ZigZag

AverageDailyRange by Nikolay Churbanov

FREE

The Average Daily Range is an indicator for showing support and resistance zones based on the average daily price range of currency. It is necessary to look for the buy signal when the price goes over the resistance level, and for the sell signal when the price goes over the support level. The indicator shows the static and dynamic levels. Static levels are calculated based on the opening price of the day. Dynamic levels are calculated based on the daily Highs and Lows. Indicator Settings ADRP

TrendGuider by Hamed Dehghani

FREE

Trend Guider indicator work with price trend and resistance/support Line to detect best buy and sell opportunities. This indicator use moving average and price pattern actions to find latest and power full resistance and support lines and then guide trader to start trade in direction and use last active support as buy trades stop loss and last active resistance as sell trades stop loss. Never has not repaint signals. Input Parameters Are: Weak Power Signal = true/flase : if you enable it , indic

RSI Divergence Alert Simple by Arkady Segal

FREE

A simplistic indicator informing a user on RSI divergence by sending messages to mobile device and email. The indicator draws 2 vertical lines, marking two RSI extrema that formed the divergence. You get the alert, open the charts and make a decision. The indicator does not show past divergences, thus when you attach it to a chart for the first time you see nothing. Graphics and alerts will appear as soon as divergences do. Drop it in Tester to see how it works. Parameters: RSIPeriod - number of

2016.12.30

Bestsellers in the Market:

Compact Scalper Expert Advisor by Aida Chavez

100.00

Compact Scalper is an Expert Adviser (EA) totally automatic that works by a little period of time each day. It has an advanced algorithm that use the price like the principal indicator. Our system has a preset Stop Loss and Take Profit, but Its principal close system is, the dynamic close, considers the price where the order was opened and the subsequent behavior of the price, closing the orders when the conditions leave to be the appropriate. Each broker has its operation therefore can not act

Market View BreakOut Dashboard by Chantal Sala

30.00

The Market View BreakOut Dashboard is a very easy to use panel. Symbol buttons change color when a breakout of previous candle is performed. You can choose to see the breakout only on a TF selectable with TF buttons. Apply this indicator to the chart to navigate very quickly through all the symbols listed in the inputs. The list of symbols is customizable. You can create five custom sessions to view the market clearly. Also, you can create your favorite session. You can customize both the graph

Momentum EA by Profalgo Limited

750.00

MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str

PipFinite Trend Laser by Karlo Wilson Vendiola

88.00

The Pioneer Of Trend Detection! A Powerful Indicator That Avoids Whipsaws And Uncertain Market Noise. Functions mainly as a filter to help you trade in the direction of the trend. It works in any pair or timeframe. Features Advanced trend detection software using complex algorithms that can be used as the supporting tool or system. Unique trend detection that avoids whipsaws and uncertain market noise Analyzes statistics of maximum profits and calculates possible targets for the next signal Fl

OCO News Order Manager by Chantal Sala

100.00

OCO News Order Manager in an Expert Advisor to Trading News . The usability makes this tool an excellent ally for FAST operations on NEWS Time. We recommend that you try it on demo account to understand what kind of decimals using your broker to set your input values. The EA is usable on every Markets. On news time the spread could be manage from Broker, please make attention. Main functionalities Open STOP PENDINGS ORDER a number of seconds (in input) before News Time Floating of pending orde

2016.12.30

20 new topics on forum:

and 17 more...

2016.12.30

New publications in CodeBase

Yen Trader Expert Advisor to trade Yen Crosses based on Major Pairs and USDJPY divergence/convergence.
Example of MACD Automated Code example of MACD automated with advanced money management function.

2016.12.30