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Use new possibilities of MetaTrader 5

History of MQL5.community development

The most popular trading robots and technical indicators, news signals, regular incoming ready-made MQL5 programs in CodeBase and the most discussed Forum topics.

New publications in CodeBase

  • Stochastic Extended This version of Stochastic Oscillator allows you to use any of the 4 basic types of averages (default is SMA, but you can use EMA, SMMA or LWMA too) - some are "faster" then the default version (like EMA and LWMA versions) and SMMA is a bit "slower" but this way you can fine tune the "speed" to signals ratio.
  • T3 Stochastic Momentum Index This version is doing the calculation in the same way as the original Stochastic Momentum Index, except in one very important part: instead of using EMA (Exponential Moving Average) for calculation, it is using T3. That produces a smoother result without adding any lag.
  • Stochastic Momentum Index The Stochastic Momentum Index (SMI) was developed by William Blau and was introduced in the January 1993 issue of Technical Analysis of Stocks & Commodities magazine. It incorporates an interesting twist on the popular Stochastic Oscillator. While the Stochastic Oscillator provides you with a value showing the distance the current close is relative to the recent x-period high/low range, the SMI shows you where the close is relative to the midpoint of the recent x-period high/low range.
  • Directional Efficiency Ratio The Efficiency Ratio (ER) was first presented by Perry Kaufman in his 1995 book "Smarter Trading". It is calculated by dividing the price change over a period by the absolute sum of the price movements that occurred to achieve that change. The resulting ratio ranges between 0 and 1 with higher values representing a more efficient or trending market.
  • TTM trend The TTM (Trade The Markets) Trend is basically an easier way to look at candlesticks. It is the The Heikin-Ashi method. Literally translated Heikin is "average" or "balance,", while Ashi means "foot" or "bar." The TTM trend is a visual technique that eliminates the irregularities from a normal candlestick chart and offers a better picture of trends and consolidations.
There are more than 11 120 products available in Market

9 new products are now available on the Market:

and 4 more...

The most downloaded free products:

The most popular forum topics:

Most downloaded source codes this week

  • TradePanel Simple one click trade panel, typically useful for scalpers and day traders.
  • Signal Candles Get entry signals from specific candles based on your rules.
  • Daily Pivot Points shifted for different day start time This indicator is another implementation of daily pivot points that allows the time for pivot point calculation to be advanced or delayed from the server time. It considers any Saturday trading to be Friday and any Sunday trading to be Monday.

Most read articles this week

How to reduce trader's risks

How to reduce trader's risks

Trading in financial markets is associated with a whole range of risks that should be taken into account in the algorithms of trading systems. Reducing such risks is the most important task to make a profit when trading.

Automatic Selection of Promising Signals

Automatic Selection of Promising Signals

The article is devoted to the analysis of trading signals for the MetaTrader 5 platform, which enable the automated execution of trading operations on subscribers' accounts. Also, the article considers the development of tools, which help search for potentially promising trading signals straight from the terminal.

Risk Evaluation in the Sequence of Deals with One Asset. Continued

Risk Evaluation in the Sequence of Deals with One Asset. Continued

The article develops the ideas proposed in the previous part and considers them further. It describes the problems of yield distributions, plotting and studying statistical regularities.

Bestsellers in the Market:

9 new topics on forum:

and 6 more...

2 new signals now available for subscription:

Breakthrough Strategy ICM
65% 764 trades
Growth:64.72%
Equity:160.75USD
Balance:164.37USD
Momentum Seeker at Pepper
8% 1071 trades
Growth:7.74%
Equity:1 083.65EUR
Balance:1 083.65EUR

19 new topics on forum:

and 16 more...

Bestsellers in the Market:

The most downloaded free products:

The most popular forum topics:

Bestsellers in the Market:

6 new signals now available for subscription:

Silver Line EA EURGBP With TS
192% 454 trades
Growth:191.69%
Equity:3 475.96USD
Balance:3 654.51USD
Ranf
176% 971 trades
Growth:176.05%
Equity:421.64EUR
Balance:421.64EUR
Main1
80% 1087 trades
Growth:80.30%
Equity:82.15USD
Balance:82.15USD
and 3 more...

17 new topics on forum:

and 14 more...

14 new products are now available on the Market:

and 9 more...

New publications in CodeBase

  • MACD TEMA MACD TEMA is even a bit more "faster" than MACD DEMA so, depending on the parameters, in scalping mode (short calculating periods) or trending mode (when longer periods are used. Never forget that MACD is primarily a momentum indicator and that it is the main goal of MACD.
  • MACD DEMA MACD that is using DEMA fo calculation.

Published article "The Channel Breakout pattern".

The Channel Breakout pattern

Price trends form price channels that can be observed on financial symbol charts. The breakout of the current channel is one of the strong trend reversal signals. In this article, I suggest a way to automate the process of finding such signals and see if the channel breakout pattern can be used for creating a trading strategy.

Published article "The Channel Breakout pattern".

The Channel Breakout pattern

Price trends form price channels that can be observed on financial symbol charts. The breakout of the current channel is one of the strong trend reversal signals. In this article, I suggest a way to automate the process of finding such signals and see if the channel breakout pattern can be used for creating a trading strategy.

The most downloaded free products:

There are more than 91 700 topics available on forum

15 new topics on forum:

and 12 more...

9 new signals now available for subscription:

Speedrail
391% 175 trades
Growth:391.08%
Equity:304.19GBP
Balance:317.72GBP
Mahdi
8% 264 trades
Growth:8.08%
Equity:867.61USD
Balance:867.61USD
Quatro Celeritas
-6% 1177 trades
Growth:-6.33%
Equity:937.59USD
Balance:937.59USD
and 6 more...

Bestsellers in the Market:

11 new products are now available on the Market:

and 6 more...

New publications in CodeBase

  • Smoothed Kijun-Sen The Kijun-Sen is a major indicator line and component of the Ichimoku Kinko Hyo indicator, also known as the Ichimoku cloud. It is generally used as a metric for medium-term momentum.
  • CCI alternative Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. Donald Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, ETFs, stocks, and other securities.

The most downloaded free products:

Bestsellers in the Market:

More than 100 new charts published:

EAPADPRO v2.0
USDJPY, H1
_BTCUSD, D1
BTCUSD, D1

24 new topics on forum:

and 21 more...

17 new products are now available on the Market:

and 12 more...

The most popular forum topics:

2 new signals now available for subscription:

ProfitableTrading1
1 758% 1418 trades
Growth:1 758.18%
Equity:484 628.25USD
Balance:508 819.37USD
N5 by Nikolaichow
222% 1187 trades
Growth:222.09%
Equity:5 517.59USD
Balance:5 517.59USD

The most downloaded free products:

18 new topics on forum:

and 15 more...

Bestsellers in the Market:

Most downloaded source codes this month

  • Self Optimizing RSI or MFI Trader This robot optimizes the values it uses for overbought and oversold based on what would have been profitable during the Optimization periods(bars) back. Using the strategy of selling when the index indicator crosses below overbought and buying when the index indicator crosses above oversold.
  • SL&TP Values Indicator displays the value of defined stop loss and or take profit in the deposit currency.
  • Renko Live Charts v4.13 Trade using Renko Boxes in MetaTrader 4.

Most read articles this month

Night trading during the Asian session: How to stay profitable

Night trading during the Asian session: How to stay profitable

The article deals with the concept of night trading, as well as trading strategies and their implementation in MQL5. We perform tests and make appropriate conclusions.

Momentum Pinball trading strategy

Momentum Pinball trading strategy

In this article, we continue to consider writing the code to trading systems described in a book by Linda B. Raschke and Laurence A. Connors “Street Smarts: High Probability Short-Term Trading Strategies”. This time we study Momentum Pinball system: there is described creation of two indicators, trade robot and signal block on it.

MetaTrader 4 on Mac OS

MetaTrader 4 on Mac OS

Apple products have become very popular. MetaQuotes Software Corp. attentively follows the progress of the IT industry and has already released the special mobile applications for iOS-based devices - MetaTrader 4 for iPhone and MetaTrader 5 for iPhone.There are many topics on the MQL4.community forum, where people are seeking a solution for running MetaTrader 4 under the Mac OS operating system. In this article, you will find out how to work in MetaTrader 4 via the Apple's popular operating system.

8 new signals now available for subscription:

Guandu
322% 1941 trades
Growth:321.77%
Equity:2 080.42AUD
Balance:2 108.84AUD
Republik Smart Trader V1
255% 141 trades
Growth:254.80%
Equity:412.40USD
Balance:412.40USD
Liuyix
54% 2065 trades
Growth:53.77%
Equity:5 799.39USD
Balance:5 799.39USD
and 5 more...

7 new products are now available on the Market:

and 2 more...

New publications in CodeBase

  • Volume Rate of Change The Volume Rate of Change indicator (VROC) measures the rate of change in volume over the past "n" sessions. In other words, the VROC measures the current volume by comparing it to the volume "n" periods or sessions ago.
  • DevStops A variation of Deviation Stops (DevStops) indicator. Some are wrongly calling this version a Kase DevStops (which it is not - Kase DevStops indicator is calculated in a quite different way), but this version has its good points too and can be used in regular support/resistance mode. Additionally each DevStop value is colored according to the slope (trend) of the line - when all are aligned in the same direction, it can be treated as a confirmed trend change.
  • Kase DevStops Kase DevStops. What all of this boils down to is that we need to take variance and skew into consideration when we are establishing a system for setting stops. Three steps that we can take in order to both better define and to minimize the threshold of uncertainty in setting stops are: 1. Consideration of the variance or the standard deviation of range. 2. Consideration of the skew, or more simply, the amount at which range can spike in the opposite direction of the trend. 3. Reformation of our data to be more consistent (this step is examined in detail in Chapter 81, while minimizing the degree of uncertainty as much as possible).
  • Smoothed Rate of Change Smoothed Rate of Change (Smoothed-RoC) is a refinement of Rate of Change (RoC) indicator that was developed by Fred G Schutzman. It differs from the RoC in that it based on Exponential Moving Averages (EMAs) rather than on price closes. Like the RoC, Smoothed RoC is a leading Momentum indicator that can be used to determine the strength of a trend by determining if the trend is accelerating or decelerating. The Smoothed RoC does this by comparing the current EMA to value that the EMA was a specified periods ago. The use of EMAs rather than the price close eliminates the erratic tendencies of the RoC.
  • Percentage Price Oscillator Extended The Percentage Price Oscillator Extended (PPO) is a technical Momentum indicator showing the relationship between two Moving Averages. To calculate the PPO, subtract the 26-day Exponential Moving Average (EMA) from the nine-day EMA, and then divide this difference by the 26-day EMA. The end result is a percentage that tells the trader where the short-term average is relative to the longer-term average.
  • Percentage Price Oscillator The Percentage Price Oscillator (PPO) is a technical Momentum indicator showing the relationship between two Moving Averages. To calculate the PPO, subtract the 26-day Exponential Moving Average (EMA) from the nine-day EMA, and then divide this difference by the 26-day EMA. The end result is a percentage that tells the trader where the short-term average is relative to the longer-term average.
  • Woodies CCI Woodies CCI is a momentum indicator that was developed by Ken Woods. It's based on a 14 period Commodity Channel Index (CCI).

The most downloaded free products:

There are more than 91 630 topics available on forum

20 new topics on forum:

and 17 more...

Bestsellers in the Market:

4 new signals now available for subscription:

MrVavryn USD
2 478% 877 trades
Growth:2 477.66%
Equity:2 125.06USD
Balance:2 116.82USD
Priceless RUR
241% 1564 trades
Growth:241.25%
Equity:531 154.81RUR
Balance:531 154.81RUR
Tingfengzhe
117% 195 trades
Growth:116.56%
Equity:7 232.02USD
Balance:7 261.50USD
and 1 more...
There are more than 11 070 products available in Market

5 new products are now available on the Market:

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