Articles on trading system automation in MQL5

This article shows how price action and the monitoring of support and resistance levels can be used for well-timed market entry. It discusses a trading system that effectively combines the two for the determination of trade setups. Corresponding MQL4 code is explained that can be utilized in the EAs based on these trading concepts.

The article describes the automation of trend lines plotting based on the Fractals indicator using MQL4 and MQL5. The article structure provides a comparative view of the solution for two languages. Trend lines are plotted using two last known fractals.

The article provides a review of an idea based on the analysis of prices' movement direction and their speed. We have performed its formalization in the MQL4 language presented as an expert advisor to explore viability of the strategy being under consideration. We also determine the best parameters via check, examination and optimization of an example given in the article.

This article describes a new approach to hedging of positions and draws the line in the debates between users of MetaTrader 4 and MetaTrader 5 about this matter. It is a continuation of the first part: "Bi-Directional Trading and Hedging of Positions in MetaTrader 5 Using the HedgeTerminal Panel, Part 1". In the second part, we discuss integration of custom Expert Advisors with HedgeTerminalAPI, which is a special visualization library designed for bi-directional trading in a comfortable software environment providing tools for convenient position management.

This article explains the idea of multi-mode trading robot programming in MQL5. Every mode is implemented with the object-oriented approach. Instances of both mode classes hierarchy and classes for testing are provided. Multi-mode programming of trading robots is supposed to take into account all peculiarities of every operational mode of an EA written in MQL5. Functions and enumeration are created for identifying the mode.

This article considers using the Rattle package for automatic search of patterns for predicting long and short positions of currency pairs on Forex. This article can be useful both for novice and experienced traders.

Would you like to see an hourly chart with bars opening from the second and the fifth minute of the hour? What does a redrawn chart look like when the opening time of bars is changing every minute? What advantages does trading on such charts have? You will find answers to these questions in this article.

The Virtual Hosting Cloud network was developed specially for MetaTrader 4 and MetaTrader 5 and has all the advantages of a native solution. Get the benefit of our free 24 hours offer - test out a virtual server right now.

This article is dedicated to the Three Line Break chart, suggested by Steve Nison in his book "Beyond Candlesticks". The greatest advantage of this chart is that it allows filtering minor fluctuations of a price in relation to the previous movement. We are going to discuss the principle of the chart construction, the code of the indicator and some examples of trading strategies based on it.

We continue to enhance the Signals service, improve the mechanisms, add new functions and fix flaws. The MetaTrader Signals Service of 2012 and the current MetaTrader Signals Service are like two completely different services. Currently, we are implementing A Virtual Hosting Cloud service which consists of a network of servers to support specific versions of the MetaTrader client terminal.

Developers of trading robots no longer need to market their services to traders that require Expert Advisors - as now they will find you. Already, thousands of traders place orders to MQL5 freelance developers, and pay for work in on MQL5.com. For 4 years, this service facilitated three thousand traders to pay for more than 10 000 jobs performed. And the activity of traders and developers is constantly growing!

Let's now shape the PHP-based Twitter idea which was introduced in the first part of this article. We are assembling the different parts of the SDSS. Regarding the client side of the system architecture, we are relying on the new MQL5 WebRequest() function for sending trading signals via HTTP.

Let us reveal a little secret: MQL5.com website visitors spend most of their time on Johnpaul77 signal's page. It is a leader of our signal rating having about 900 subscribers with the total funds of $5.7 million on real accounts. We have interviewed the signal's providers. As it turned out, there are four of them! How are duties distributed among the team members? What technical tools do they use? Why do they call themselves John Paul? And finally, how have common gamers from Indonesia become providers of the top signal on MQL5.com? Find out all that in the article.

On the occasion of the MQL5 Freelance Service fourth birthday, we have prepared an info-graphic demonstrating the service results for the entire time of its existence. The figures speak for themselves: more than 10 000 orders worth about $600,000 in total have been executed to date, while 3 000 customers and 300 developers have already used the service.

MQL5 Freelance is an online service where developers get paid for creating trading applications ordered by traders. Now, traders understand the difference between all the services on MQL5.com: a ready-made Trading Robot can be bought from the MetaTrader Market, while a unique Expert Advisor that trades based on a specific user-defined strategy can be ordered in the Freelance service. Experienced developers compete for traders' order implementation, so that a trader can select the one who offers the best time and cost conditions. Since the launch of the service, traders have paid a total of $600,000 for 10,000 jobs performed

Algorithmic trading becomes more popular and needed, which naturally led to a demand for exotic algorithms and unusual tasks. To some extent, such complex applications are available in the Code Base or in the Market. Although traders have simple access to those apps in a couple of clicks, these apps may not satisfy all needs in full. In this case, traders look for developers who can write a desired application in the MQL5 Freelance section and assign an order.

Today we will learn how to link an MetaTrader 5 terminal with Twitter so that you can tweet your EAs' trading signals. We are developing a Social Decision Support System in PHP based on a RESTful web service. This idea comes from a particular conception of automatic trading called computer-assisted trading. We want the cognitive abilities of human traders to filter those trading signals which otherwise would be automatically placed on the market by the Expert Advisors.

The article describes an example of Renko charting and its implementation in MQL5 as an indicator. Modifications of this indicator distinguish it from a classic chart. It can be constructed both in the indicator window and on the main chart. Moreover, there is the ZigZag indicator. You can find a few examples of the chart implementation.

Two years ago in "The Last Crusade" we reviewed quite an interesting yet currently not widely used method for displaying market information - point and figure charts. Now I suggest you try to write a trading robot based on the patterns detected on the point and figure chart.

The article proposes Kagi chart indicator with various charting options and additional functions. Also, indicator charting principle and its MQL5 implementation features are considered. The most popular cases of its implementation in trading are displayed - Yin/Yang exchange strategy, pushing away from the trend line and consistently increasing "shoulders"/decreasing "waists".

In just 15 minutes, this video tutorial explains what MetaTrader Signals Service is, and demonstrates in great detail how to subscribe to trade signals and how to become a signal provider in our service. By watching this tutorial, you will be able to subscribe to any trading signal, or publish and promote your own signals in our service.

In this article, the author continues to familiarize the readers with the Lite_EXPERT2.mqh functions using real Expert Advisor implementation examples. The article deals with the idea of using floating pending orders and pending orders that vary dynamically from deal to deal which are determined based on Average True Range (ATR) indicator values.

Today's article shows intermediate MQL5 programmers how they can get more profit from their linear trading systems (Fixed Lot) by easily implementing the so-called technique of exponentiation. This is because the resulting equity curve growth is then geometric, or exponential, taking the form of a parabola. Specifically, we will implement a practical MQL5 variant of the Fixed Fractional position sizing developed by Ralph Vince.

This article continues the series of articles "Expert Advisors Based on Popular Trading Systems and Alchemy of Trading Robot Optimization". It familiarizes the readers with a more universal function library of the Lite_EXPERT2.mqh file.

Another quarter of the year has passed and we have decided to sum up its results for MetaTrader AppStore - the largest store of trading robots and technical indicators for MetaTrader platforms. More than 500 developers have placed over 1 200 products in the Market by the end of the reported quarter.

The article describes a method of modifying the code of a trading signal module for the implementation of the functionality allowing you to set pending orders at any distance from the current price: it may be the Close or Open price of the previous bar or the value of the moving average. There are plenty of options. Important is that you can set any opening price for a pending order. This article will be useful to traders who trade with pending orders.

It is possible to start making money on MQL5.com right now without having to be a seller of Market applications or a profitable signals provider. Select the products you like and post links to them on various web resources. Attract potential customers and the profit is yours!

How to create a trading signal generator based on a custom indicator? How to create a custom indicator? How to get access to custom indicator data? Why do we need the IS_PATTERN_USAGE(0) structure and model 0?

This is the continuation of Another MQL5 OOP class article which showed you how to build a simple OO EA from scratch and gave you some tips on object-oriented programming. Today I am showing you the technical basics needed to develop an EA able to trade the news. My goal is to keep on giving you ideas about OOP and also cover a new topic in this series of articles, working with the file system.

The article covers the peculiarities of night flat trading on cross currency pairs. It explains where you can expect profits and why great losses are not unlikely. The article also features an example of the Expert Advisor developed for night trading and talks about the practical application of this strategy.

This article shows you how to build an Object-Oriented Expert Advisor from scratch, from conceiving a theoretical trading idea to programming a MQL5 EA that makes that idea real in the empirical world. Learning by doing is IMHO a solid approach to succeed, so I am showing a practical example in order for you to see how you can order your ideas to finally code your Forex robots. My goal is also to invite you to adhere the OO principles.

What is social trading? It is a mutually beneficial cooperation of traders and investors whereby successful traders allow monitoring of their trading and potential investors take the opportunity to monitor their performance and copy trades of those who look more promising.

Successfully operating for 1.5 years, MQL5 Market has become the largest traders' store of trading strategies and technical indicators. It offers around 800 trading applications provided by 350 developers from around the world. Over 100.000 trading programs have already been purchased and downloaded by traders to their MetaTrader 5 terminals.

Let me offer you an overview and the program code of the mechanical trading system based on ideas of Stanislav Chuvashov. Triangle's construction is based on the intersection of two trend lines built by the upper and lower fractals.

There are lots of chart types that provide information on the current market situation. Many of them, such as Point and Figure chart, are the legacy of the remote past. The article describes an example of Point and Figure charting using a real time indicator.

The article examines the possibility of creating an advanced ZigZag indicator. The idea of identifying nodes is based on the use of the Envelopes indicator. We assume that we can find a certain combination of input parameters for a series of Envelopes, whereby all ZigZag nodes lie within the confines of the Envelopes bands. Consequently, we can try to predict the coordinates of the new node.

Since its founding, the store of trading robots and technical indicators MQL5 Market has already attracted more than 250 developers who have published 580 products. The first quarter of 2013 has turned out to be quite successful for some MQL5 Market sellers who have managed to make handsome profit by selling their products.

Jeremy Scott who is better known under Johnnypasado nickname at MQL5.community became famous offering products in our MQL5 Market service. Jeremy has already made several thousands of dollars in the Market and that is not the limit. We decided to take a closer look at the future millionaire and receive some pieces of advice for MQL5 Market sellers.

The article describes the method of fast visual testing of trading ideas. The method is based on the combination of a price chart, a signal indicator and a balance calculation indicator. I would like to share my method of searching for trading ideas, as well as the method I use for fast testing of these ideas.

One year has passed since the launch of sales in MQL5 Market. It was a year of hard work, which turned the new service into the largest store of trading robots and technical indicators for MetaTrader 5 platform.