Articles, Library comments - page 26

Broker Execution Diagnostics : A read only MT5 script that reports broker symbol specifications, volume limits, price settings, execution modes, trading permissions, margin requirements and estimated profit values. Author: Waseem Shahrukh

Market Session Separator Indicator : Marks the start/end of up to three trading sessions (Asian, London, New York, or any custom windows) with vertical separators and/or shaded background boxes, repeated daily across a rolling recent window. Purely visual — no calculations, no signals, just clean

Elliott Wave Auto Counter / Automatic Wave Labeling : Automatically detects swing pivots and labels a rule-validated Elliott Wave count (1-2-3-4-5 impulse and A-B-C correction) directly on the chart, with a Fibonacci info panel. For guidance only, always confirm manually. Author: Andrijana Radojevic

Nadaraya_Watson_Envelope_NR : Calculates a non-repainting Nadaraya-Watson envelope using Gaussian smoothing and marks price crosses beyond the upper and lower bands with arrows. Author: Derrick Njagi Bundi

Risk Based Position Size Calculator : A draggable MT5 risk calculator that converts the selected entry and stop distance into a broker normalized position size using tick size, tick value and account risk. Author: Waseem Shahrukh

Check out the new article: Integrating MQL5 with Data Processing Packages (Part 9): Entropy-Based Adaptive Volatility . This work presents an end-to-end pipeline: collect MetaTrader 5 data, engineer entropy/volatility/trend features, train a PyTorch classifier, and expose predictions through a Flask

Check out the new article: Building a Correlation-Aware Multi-EA Portfolio Scorer in MQL5 . Most algo traders optimize Expert Advisors individually but never measure how they behave together on a single account. Correlated strategies amplify drawdowns instead of reducing them, and coverage gaps

Fisher Transform Indicator : A Fisher Transform oscillator built from statistical first principles — normalizing price into a bounded range, then applying a logarithmic transform to produce sharp, well-defined reversal signals instead of the gradual turns typical of conventional oscillators

Adaptive_MACD : Adaptive MACD is a dynamic momentum indicator that adjusts its smoothing based on market conditions. It calculates a Pearson correlation coefficient between price and bar index over a user-defined period, then uses the resulting R² to blend two different MACD coefficient sets. This

Risk reward box : This Indicator creates automatically a Risk/Reward Box on you all opened chart base on High, Low price with the old candles. You can use it easily to drag and change size and price to your desire wanted. Author: Livio Alves

Check out the new article: Automating Trading Strategies in MQL5 (Part 50): Turtle Soup Liquidity Sweeps . We build an automated MQL5 program that trades Turtle Soup by fading false breakouts of the N-bar high and low. The article implements liquidity-sweep detection, confirmation closes back inside

Sniper Gold Hybrid Recovery EA : XAUUSD M15 basket recovery EA with adaptive ATR spacing, LL/LH structure validation, dynamic RSI gating, crash detection, news filter, and smart trade trimming. Author: Waseem Shahrukh

Check out the new article: Distribution-Free Price Channels in MQL5: Quantile Regression by Iteratively Reweighted Least Squares . We build a rolling price channel by fitting the 0.1, 0.5 and 0.9 conditional quantile lines via IRLS with pinball loss, packaged as a reusable class and two MetaTrader 5

SniperGold SMC ProPlus (Institutional Smart Money Concepts) : SMC chart indicator: market structure (BOS/CHoCH), volume weighted order blocks, multi timeframe FVG, equal highs/lows, liquidity sweeps, premium/discount zones, a 3 time frame bias panel and an optional trade setup readout. Closed bar

Check out the new article: From Novice to Expert: Candlestick Momentum Confirmation for Classic Crossover Strategies . In this article, we refine a moving average crossover strategy with a momentum candle filter and an immediate retracement bar confirmation. When both conditions are met, a pending

Check out the new article: Meta-Labeling the Classics (Part 3): Filtering and Sizing Bollinger Band Trades . Bollinger Band mean reversion degrades in trending regimes when ADX is high and bandwidth expands. We separate direction from trade selection with a two‑stage meta‑labeling pipeline: a

Liquidity Sweep Detector Indicator : Marks fractal swing highs/lows as liquidity levels, then flags the exact bar where price wicks beyond one and closes back inside — a liquidity sweep / stop hunt — with an arrow and an optional price label. Sweep checks run only on closed bars, so signals never

EdgeMeter - does your entry signal beat the spread? : Measures whether an entry signal actually beats transaction costs, before you spend weeks building an EA around it. Reports net result after cost, an honest t-statistic on non-overlapping samples, and a random control. Places no orders. Author

RepaintTest - measure whether a drawing indicator repaints : Measures whether a drawing indicator repaints, instead of asserting that it does not. The invariant: once a bar has closed and been processed, no object drawn on it may ever change - not move, not recolour, not change its text, and not

Auto ZigZag Fibonacci Golden Zone Indicator For MT5 : The Auto ZigZag Fibonacci Golden Zone indicator automatically detects the latest swing high and low, draws key Fibonacci retracement levels (50%, 61.8%, 78.6%), and highlights the Golden Zone between 61.8% and 78.6% as an optimal pullback entry

New article Migrating from MQL4 to MQL5 is published: Many developers have accumulated a lot of indicators and trading strategies written in MQL4. To use them in Metatrader 5, they should be converted to MQL5. It's not so easy to rewrite all programs in MQL5. It would be much easier to convert them

Volume Profile Levels Indicator : Builds a horizontal volume histogram over a recent lookback window and marks the Point of Control and Value Area using the standard TPO/volume value-area expansion algorithm — not just POC ± a fixed offset. Refreshed once per new bar, drawn as a sidebar next to

Volume-Weighted Delta Divergence Oscillator : A normalized order-flow oscillator that estimates buy/sell volume pressure per bar, accumulates it into a rolling delta, and automatically flags regular bullish and bearish divergence against price swings. Author: Adeolu Kayode Gbadebo

Channel Sun Signals : Overview Channel Sun Signals plots an adaptive, triangular-weighted moving-average channel (a center line plus an upper and lower band) around price, and marks potential reversal points where price pierces a band and then closes back inside it. It is built on the same

Adaptive Volume Profile Node Tracker : Builds a rolling, volatility-adaptive volume profile over a configurable lookback window and plots the Point of Control (POC), Value Area High/Low, and statistically significant High/Low Volume Nodes (HVN/LVN) directly on the chart. Author: Adeolu Kayode

GoldLondonBreakout : Locks in the Asian session range on XAUUSD, then places an OCO breakout pair (BuyStop/SellStop) for the London open, with ATR-based stops and risk-percent position sizing. No indicators, no discretion — the range is measured, not guessed. Author: Adeolu Kayode Gbadebo

Check out the new article: Larry Williams Market Secrets (Part 16): Detecting and Trading the Oops Gap Reversal Pattern . Learn how to build an MQL5 Expert Advisor that detects and trades Larry Williams’ Oops Gap Reversal pattern using objective gap rules and later-bar confirmation. The EA tracks

Check out the new article: Does This Entry Filter Really Add Edge? A Block-Permutation Test in MQL5 . An MQL5 analyzer reconstructs completed trades, records acceptance labels, and measures the accepted-minus-rejected mean net-profit difference. It benchmarks that statistic against individual

Check out the new article: Automating Chart Patterns in MQL5 (Part 1): The Multi-Timeframe Swing Structure Engine . This article presents CSwingEngine, a reusable MQL5 class that detects H4 swing highs and lows, labels them HH, LH, HL, or LL, and classifies market structure as trend or range. Swings

Check out the new article: Measuring Market Efficiency with Lempel-Ziv Complexity . This article presents a compact MQL5 library for market-complexity analysis: LZ76 complexity and Normalized Compression Distance built on a SAX symbolizer, exposed through a simple facade and an efficiency indicator