How to start with MetaTrader and forex, the beginning - page 5

[Sergey Golubev]

LifeHack for trader: four backtests are better than one 

Before the first single test, every trader faces the same question — "Which of the four modes to use?" Each of the provided modes has its advantages and features, so we will do it the easy way — run all four modes at once with a single button! The article shows how to use the Win API and a little magic to see all four testing chart at the same time.

Table of Contents

• Introduction
• 1. General Principles
• 2. Inputs
• 2.1. Binding the installation folder and the data directory in the AppData folder
• 3. Matching the installation folder and the AppData folder of the Slave terminals
• 3.1. Secret №1
• 3.2. FindFirstFileW, FindNextFileW
• 3.3. An example of using FindFirstFileW, FindNextFileW
• 3.4. Inside the terminal directories
• 3.5. CopyFileW
• 3.6. Working with the "origin.txt" file
• 3.7. Finishing Stroke
• 4. Selecting an EA for testing
• 4.1. GetOpenFileName
• 4.2. Selecting an EA with the "Open file" system dialog
• 4.3. Configuration INI file
• 4.4. Secret №2
• 4.5. Setting the terminal size (width, height). Inserting lines into the middle of the file
• 5. Launching tests on the Slave terminals
• 5.1. Copying the EA to folders of the Slave terminals
• 5.2. ShellExecuteW
• 5.3. Launching the terminals
• 6. Possible errors
• Conclusion

[Sergey Golubev]

Testing trading strategies on real ticks 

The article provides the results of testing a simple trading strategy in three modes: "1 minute OHLC" using only Open, High, Low and Close prices of minute bars; detailed modeling in "Every tick" mode, as well as the most accurate "Every tick based on real ticks" mode applying actual historical data.

[Sergey Golubev]

As many people are asking about "How to open account with MT5" and "How to add the broker to MT5" so I want to remind the following links:

1. MetaTrader 5 Help - Open an Account 
   
   
2. MetaTrader 5 Android OS Help - Opening a Demo Account 
   
   
3. MetaTrader 5 iPhone/iPad Help - Connecting to an Account and Opening a Demo Account

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2017.02.12 06:36

MetaTrader 5 - More Than You Can Imagine!

The development of MetaTrader 5 started in 2007. MetaTrader 5 was conceived as a revolutionary, multi-market platform that can run on Forex as well as on any other financial market. A lot of work has been done since then, and the result of this work is the platform that provides unlimited opportunities to traders. In this article, we will talk about all the key features of MetaTrader 5 and carry out a comparative analysis with the previous version of the trading platform.

1. Charts
   
   • Customization and 21 Timeframes
   • Advantages of One-Minute Bars
   • Indicators
   • Analytical Tools
   • Precise Time Scale
   • Economic Calendar
   • More Market Data
   • Publishing Charts Online
• Customization and 21 Timeframes
• Advantages of One-Minute Bars
• Indicators
• Analytical Tools
• Precise Time Scale
• Economic Calendar
• More Market Data
• Publishing Charts Online
2. Navigator
• Find a Server by the Broker's Name
• Grouping of Programs
• Further Development of Programs
• Downloads from the Code Base
• Rapid Tests
  
3. Trading
• Position Netting
• Six Types of Pending Orders
• One-Click Trading
• Trading from Chart
• Modification of Trade Levels on the Chart
• Asynchrony and Multithreading
• Execution of Operations on the Stock Exchange
• Trading from the Depth of Market
• Additional Execution Terms
• Mobile Trading Push Notifications
4. Toolbox
• Exposure
• Calendar
• Market
• Code Base
5. Testing and Optimization
• Advanced Testing Report
• Increased Accuracy of Every-Tick Testing
• More Testing Modes
• Custom Optimization Criterion
• Optimization Cache and XML Report
• Automatic Download of History and Synchronization of Timeframes
• Forward Testing
• Stress Testing
• Multi-Threaded Optimization
• Testing Clouds of Remote Agents
• MQL5 Cloud Network
• Ease of Agents Management
• Mathematical Calculations
• 2D and 3D Visualization of Optimization Results
• Visual Testing
• Any Custom Results During Optimization
• Acceleration Using OpenCL
6. Integration with MQL5.community
• Market
• MQL5 Cloud Network
• MQL5 Storage
• Code Base
• Signals
• Articles
• MQL5 Charts
7. MetaEditor
• New File System
• MQL5 Wizard
• Personal Code Repository MQL5 Storage
• Fast Compilation of C++ DLL
• Intelligent Code Control
• Code Styler
• Code Highlighting
• Unicode Support
• Inserting Resources
• Global Search and Integration with MQL5.community
• Debugging
• Projects
• Code Profiling
8. The MQL5 Programming Language
• Greater Operation Speed
• Code Protection
• Similarity to С++
• Classes and Structures
• Events
• Management of Charts, Objects and Resources Directly from MQL5
• New Indicator Drawing Styles
• Ease of Work with Indicators
• A Huge Standard Library and a Lot of Examples
• OpenCL Support
  
9. Services for Traders and Developers
• Jobs
• Market
• MQL5 Storage
• MQL5 Cloud Network
• Signals
• Virtual hosting 

------------------------

And this is the MT5 user manual:

MetaTrader 5 Help - Trading Platform — User Manual

[Sergey Golubev]

Do you Autotrade?

Forum on trading, automated trading systems and testing trading strategies

Modified Metatrader

Sergey Golubev, 2016.08.03 08:46

I mean - if all MT5 EAs does not work in your MT5 so you can check the following: autotrading for the EA, in common tab of the EA properties.

Allow Auto Trading — this option allows or prohibits trading using Expert Advisors and scripts. If it is disabled, scripts and Expert Advisors can work, but are not able to trade. This limitation can be useful for testing the analytical capabilities of an Expert Advisor in the real-time mode (not to be confused with testing on history data).

The option enables/disables automated trading for the entire platform. If you disable it, no Expert Advisor will be allowed to trade, even if you enable automated trading individually in the Expert Advisor settings. If you enable it, the Expert Advisors will be allowed to trade, unless automated trading is individually disabled in the Expert Advisor parameters

If everything is fine with the setting but EAs does not work (any EA - how many did you try?) so ask your broker (it may be the broker's limitation).

Forum on trading, automated trading systems and testing trading strategies

Modified Metatrader

Sergey Golubev, 2016.08.03 09:38

Where to check autotrading:

and

If you attached EA to the chart and you see "smiling face" so it is fine with autotading (in most of the cases):

If EA's face is not smiling and not happy so you can check everything once again:

It was for MT4 but MT5 is same with this case.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Support for Windows XP/Windows 2003/Windows Vista to be discontinued after 01 October 2017

MetaQuotes Software Corp., 2017.06.01 14:02

Support for Windows XP/Windows 2003/Windows Vista to be discontinued after 01 October 2017

Windows XP was released almost 16 years ago, on 25th of October, 2001. It is now considered to be an outdated operating system. Microsoft stopped supporting this system 3 years ago, because potential hardware capabilities could no longer be realized on Windows XP due to technical limitations.

Being an outdated system, Windows XP features a number of dangerous vulnerabilities, one of which was recently revealed by the WannaCry encryptor. That is why:

The MetaTrader platforms will no longer support Windows XP, Windows 2003 and Windows Vista after 01 October 2017.

Older versions of MetaTrader 4 and MetaTrader 5 will continue to work on these systems, but will not be able to receive updates after 01 October 2017. Also, installers will not run on these operating systems.

The minimum required operating system version for running MetaTrader 4/5 will be Windows 7. However, we strongly recommend using the 64-bit versions of Windows 10.

[Sergey Golubev]

MQL5 VPS

(MQL5 is the name of this portal, and MQL5 VPS can be used for MT4 and MT5 as well).

1. How it works - the post 
2. MQL5 VPS particularities - the post
3. Some important information: what you should know - the post
4. MQL5 VPS Description post
5. Monitor the trades - post

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with MT5, a summary !

Alain Verleyen, 2013.03.15 16:12

How to start with MT5 platform : summary.

As our topic about "How to start with Metatrader 5" is going to be huge, here you find a summary, with main links.

---

• A very good article to learn how to use this site. 

• How to start with MetaTrader and forex, the beginning

• For a general overview of changements and improvements in MT5 plateform, read MetaTrader 5 - More Than You Can Imagine!

• Probably the biggest revolution is in management of trades : Orders, Positions and Deals in MetaTrader 5

• Vidéo : You can now change your stoploss/takeprofit by mouse directly on the chart.

• What is "trading on closed bar" ?

• About Signals : a mini-faq by newdigital, and some interesting information from his experience.
  

• Your first Expert Advisor ? Do you know you can create automated trading without programming ?

• Metaquotes has too his own Cloud network to help optimize your trading strategy. You have also plenty possibilities to backtesting a strategy.

• Vidéo : How to change period (timeframe) of current chart ? MT5 have many more available timeframes. (another method to do it).

• You want to try manual trading, but you don't even an idea how ? A very good system to begin. 

• If you are using Linux, it'is possible to use MT5, but with some limitations.

• Who Is Who in MQL5.community?

---

For developpers.

• If you want to begin to programming with MT5, here is good step-by-step guide.

• If you come from MQL4, this article is a must.
  

• A very good and easy to understand article about use of arrays.

• Big news with MT5 is possibility to use OOP (Object Oriented Programming), specially we have now a Standard Library : great feature !
  

Work in progress, stay tuned :-)

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Can we read news in news tab ?

Sergey Golubev, 2014.06.01 14:13

May be - it is not fully related to this topic sorry, but there is good article:

------

Building an Automatic News Trader :

As Investopedia states, a news trader is "a trader or investor who makes trading or investing decisions based on news announcements". Indeed, economic reports such as a country's GDP, consumer confidence indexes and employment data of countries, amongst others, often produce significant movements in the currency markets. Have you ever attended a U.S. Non-Farm Payrolls release? If so, you already know that these reports may determine currencies' recent future and act as catalysts for trends reversals.

[Sergey Golubev]

As many people (newbies) are asking about how to open an account and howq to select the broker so I want to the remind about the following:

Sergey Golubev:

As many people are asking about "How to open account with MT5" and "How to add the broker to MT5" so I want to remind the following links:

1. MetaTrader 5 Help - Open an Account 
   
   
2. MetaTrader 5 Android OS Help - Opening a Demo Account 
   
   
3. MetaTrader 5 iPhone/iPad Help - Connecting to an Account and Opening a Demo Account

Forum on trading, automated trading systems and testing trading strategies

how do i get set up from here

Sergey Golubev, 2017.01.09 05:52

Find a Server by the Broker's Name

Another convenient new feature of MetaTrader 5 is adding brokers' servers by their names. With the previous version, you had to contact your broker to find out the IP address of the trade server or download a special client terminal. Now, you simply enter the name of the broker. The system automatically finds the server with the specified name and adds it to the list.