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This Scalper Expert Advisor is based on 3 indicators: Heiken Ashi, Moving Average and Stochastic Oscillator. Positions are opened when a signal is triggered by those indicators. Open position are closed by Take Profit, Stop Loss. If Close by Opposite Signal is activated then positions will be closed if a reverse signal appears. To lock account profit or limit account loss, you can activate Target equity and/or Minimum equity in percentage of deposit at the settings. This EA is optimized for EURU
Classic Multi-currency Break-Even. It only changes order Stop Loss level when the current price reaches Break Even Level pips of profit, securing/"locking" Break Even Profit pips of profit. Allows flexible positions filtering and processing by: Pair Magic Position ID Position Type The Expert Advisor can be placed on any chart. You can use Advanced Break Even simultaneously with any other trading Expert Advisor. Also features: On Screen Display Extended logging Separate EA log file Standard M
The indicator is intended for recognition and marking 1-2-3 buy and sell patterns on a chart. The indicator will help a trade to determine the starting and signal fractals, and to specify the possible entry points on all timeframes in МetaTrader 5. Fibonacci lines are drawn on the chart to indicate supposed targets of moving on the basis of the wave theory. The 1-2-3 formations appear to be especially important as divergences (convergences) are formed on price tops and bottoms. The indicator has
My Automated Trading Championship 2012 Expert Advisor. The system can trade on multiple financial instruments. Settings are optimized for the last 3 months of 2012. The system will always use the H1 period and the selected in the input parameters. Input Parameters: risk - maximum loss in % on open position (default: 35.00%); max_lot - maximum lot on each position (default: 15.00); trade_[PAIR] - allowing trading on the symbol [PAIR] (default: trade_EURAUD = false, other pairs = true). Testing re
Hello dear reader! In this article, I will try to explain and show you how you can easily and quickly get the hang of the principles of creating Expert Advisors, working with indicators, etc. It is beginner-oriented and will not feature any difficult or abstruse examples.
The Reverse Bar indicator paints the reversal bars according to trade strategy, described by Bill Williams in "Trading Chaos. Maximize Profits with Proven Technical Techniques" book. The bearish reversal bar has red or pink color (red-stronger signal) The bullish reversal bar has blue or light blue color(blue - stronger signal) It is recommended to use it on hourly timeframe (H1) and higher.
Virtual Multi-currency Break Even. It works exactly as the "regular" Break Even, but it does not send trading orders to change the existing Stop Loss. It only changes Virtual Stop Loss level when the current price reaches Break Even Level pips of profit, securing/"locking" Break Even Profit pips of profit. When the price turns back and becomes equal to the Virtual Stop Loss level, the position is closed at market price. It allows flexible positions filtering and processing by: Pair Magic Positio
This indicator is an adaptation of the MQL4 TDI writen by Dean Malone. It uses RSI oscillator to assist traders to identify market conditions and reversals. Many strategies have been developed involving TDI or similar indicators which proves it's reliability and potential profitability. Blue shadow and yellow market line can be removed from chart in the indicator options panel. A file with instructions is available upon request.
The Expert Advisor is optimized for 5 currency pairs: EURUSD, AUDUSD, GBPUSD, USDCHF and USDCAD. The Expert Advisor uses different combinations of signals of the MACD и AMA indicators as entry points. It can work with five currency pair on a single chart. One can trade with fixed volume and with fixed risk. The Expert Advisor supports brokers that provide 4 or 5-digit quotes. For the best performance, use the Expert Advisor on M15 timeframe. Input parameters: EURUSD - enable (true) or disable (
The indicator draws the balance line on the basis of the history of trade operations. It can also be used in the Strategy Tester. It will obviously demonstrate the changes of balance during visual testing of your trade strategy. One can show/hide the information about balance drawdowns by double-clicking on the indicator area or by pressing the S key.
If you want something as below: Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody. "TradeCopier_follow" and "TradeCopier_source" can help you! Features: Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m, etc.)
AutoElliottWaveMaker is the first tool for MetaTrader 5 , created for semi-automatic analysis of Elliott waves. It has many unique features: Automatic bar binding of waves for all timeframes; The waves can be labelled in 2 ways: drag and drop from the Labels panel and using the mouse click on the bar; Automatic arranging of the labels at all timeframes according to wave levels seniority; Automatic and manual control of the number of wave levels shown on a chart; Wave levels custom labelling s
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips. Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script. The free demo version is: https://www.mql5.com/en/market/product/879 ............................................................................................
This article takes us to a whole new direction in developing EAs, indicators and scripts in MQL4 and MQL5. In the future, this programming paradigm will gradually become the base standard for all traders in implementation of EAs. Using the automata-based programming paradigm, the MQL5 and MetaTrader 5 developers will be anywhere near being able to create a new language - MQL6 - and a new platform - MetaTrader 6.
Indicator with second-timeframe in a separate window with separator line. Very useful for day traders to analyze the quick motion. Input parameters: TimeFrame - used time frame: S1 - one candle contains 1 second (max. 60 candle/sec); S2 - one candle contains 2 second (max. 30 candle/sec); S3 - one candle contains 3 second (max. 20 candle/sec); S4 - one candle contains 4 second (max. 15 candle/sec); S5 - one candle contains 5 second (max. 12 candle/sec); S6 - one candle con
The indicator reads all deals from the history and displays them on the chart. Each deal of a position is considered separately, what allows to clearly display all actions of a trader. The application is developed on the basis of the code from the MQL4 Code Base ( https://www.mql5.com/ru/code/8804 ). Parameters: ColorBuy - buy color; ColorSell - sell color; ColorText - color of the information text; ColorProfit - profit color; ColorLoss - loss color; DaysInHistory - depth of history in days. Can
This script shows you the average hourly range of the currency pair. With this piece of statistics, you can: clearly identify the volatile and low volatile period; greatly enhance your trading system TP and SL levels. How does it compares to ATR ATR calculates its values based on the previous bars and it lags. AHR calculates its values based on the history hours. A CSV file with the data is saved in the MQL5\Files folder with the name [Symbol name]_AHR.csv
In this article we are going to show how to explore the Standard Library of Trading Strategy Classes and how to add Custom Strategies and Filters/Signals using the Patterns-and-Models logic of the MQL5 Wizard. In the end you will be able easily add your own strategies using MetaTrader 5 standard indicators, and MQL5 Wizard will create a clean and powerful code and fully functional Expert Advisor.
Every trader works using certain statistical calculations, even if being a supporter of fundamental analysis. This article walks you through the fundamentals of statistics, its basic elements and shows the importance of statistics in decision making.
This indicator is used to compare the relative strength of the trade on the chart against the other several selected symbols. By comparing the price movement of each traded variety based on the same base day, several trend lines of different directions can be seen, reflecting the strong and weak relationship between the several different traded varieties, so that we can have a clearer understanding of the market trend. For example, you can apply this indicator on a EurUSD chart and compare it
The Expert Advisor is optimized for 3 currency pairs: EURUSD, AUDUSD и GBPUSD. In the Algorithm parameter one can choose one of the filter selection algorithms. This allows choosing the optimal style of trading. The Expert Advisor uses different combinations of signals of the MACD and AMA indicators as entry points. You can set a filtration algorithm for each of the currency pairs separately. The Expert Advisor can work with three currency pairs on a single chart. One can trade with fixed volume
This scalper indicator shows the moments, when you can safely earn 10 point profit with risk only 2 points. It allows greatly increase the deposit during the day, if properly money management used. The indicator has only one input parameter - number of bars, used for the calculation of trend. When the signal appeared, place pending order at the price, 2 points higher than the current price (for buy) or 2 points lower current price for sell. Stop Loss - 2-3 points; Take Profit - from 10 ponts; R
Indicator to measure market activity and to show speed of price in pips/sec. Have you been wondering, what is current speed of the market? I see the ticks jumping up and down, can I measure their speed? All these questions can be answered by Tick Speed v1.0 - good looking indicator with good configuration possibilities. It will show you directional movement speed in ticks per second or in time defined by you! Good for scalpers, good for long term-traders. Good for beginners, good for pros. T
If you want something as below: Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading. "TradeCopier_source" and "TradeCopier_follow" can help you! Features: Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m, etc.). Can c