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Most read articles this week
Take a few lessons from Prop Firms (Part 1) — An introduction
In this introductory article, I address a few of the lessons one can take from the challenge rules that proprietary trading firms implement. This is especially relevant for beginners and those who struggle to find their footing in this world of trading. The subsequent article will address the code implementation.
How to purchase a trading robot from the MetaTrader Market and to install it?
A product from the MetaTrader Market can be purchased on the MQL5.com website or straight from the MetaTrader 4 and MetaTrader 5 trading platforms. Choose a desired product that suits your trading style, pay for it using your preferred payment method, and activate the product.
In this article, we demonstrate an easy way to install MetaTrader 5 on popular Linux versions — Ubuntu and Debian. These systems are widely used on server hardware as well as on traders’ personal computers.
Most downloaded source codes this week
- Trade Sessions Indicator This indicator is based on DRAW_FILLING buffers. The input parameters are absent, the TimeTradeServer(), TimeGMT() functions are used.
- Candle Time End and Spread The indicator displays the current spread and the time till closing the bar (candlestick) at the same time.
- Auto TP multiplied by SL Th Expert will set the TP based on the SL manually set using the input multiplier. Using this you can set 2,3,4 etc times the SL set.
The most popular forum topics:
- AI 2023. Meet ChatGPT. 65 new comments
- Machine learning in trading: theory, models, practice and algo-trading 28 new comments
- Possible Preprocessor Bug 17 new comments
Bestsellers in the Market:
4 new signals now available for subscription:
Growth: | 133.79 | % |
Equity: | 2 882.27 | USD |
Balance: | 3 187.86 | USD |
The most downloaded free products:
Bestsellers in the Market:
3 new signals now available for subscription:
New publications in CodeBase
- Equity and Balance as an indicator for MT5 This is a very easy-to-use indicator that displays the changes in Equity and balance of the trading account as it dynamically moves. Particularly useful on the back tester and good for beginners to read this very easy MQL5 code.
- Dynamic Trailing Stop Loss and Profit Target Management This code snippet implements a dynamic risk management strategy for existing trades. It focuses on closing trades based on profit or loss thresholds and employs a trailing stop loss to lock in profits as the trade moves favorably. The strategy helps manage risk and enhance profitability in a streamlined manner.
- Ma Price Cross (Custom Time) Buys when price breaks above the MA and Sells when price breaks below the MA. User can choose the time range (server time) to trade in.
- Strongest Pair Indicator This will return the pair with the most growth in the user input start time and end time
The most popular forum topics:
- AI 2023. Meet ChatGPT. 111 new comments
- Libraries: MQL Plus Enhanced Debugging Support 34 new comments
- OpenCL::Example with Image Blurring Algorithm ,Questions and Issues 17 new comments
Bestsellers in the Market:
Published article "Creating an EA that works automatically (Part 11): Automation (III)".
An automated system will not be successful without proper security. However, security will not be ensured without a good understanding of certain things. In this article, we will explore why achieving maximum security in automated systems is such a challenge.
Published article "Population optimization algorithms: Saplings Sowing and Growing up (SSG)".
Saplings Sowing and Growing up (SSG) algorithm is inspired by one of the most resilient organisms on the planet demonstrating outstanding capability for survival in a wide variety of conditions.
The most downloaded free products:
Bestsellers in the Market:
2 new signals now available for subscription:
Published article "Creating an EA that works automatically (Part 10): Automation (II)".
Automation means nothing if you cannot control its schedule. No worker can be efficient working 24 hours a day. However, many believe that an automated system should operate 24 hours a day. But it is always good to have means to set a working time range for the EA. In this article, we will consider how to properly set such a time range.
The most downloaded free products:
Bestsellers in the Market:
The most popular forum topics:
- AI 2023. Meet ChatGPT. 47 new comments
- Machine Learning and Neural Networks 25 new comments
- Libraries: Benchmark 15 new comments
New publications in CodeBase
- Expert Advisor for Opening Multiple Buy and Sell Orders Based on User Input This MT5 Expert Advisor opens multiple buy and sell orders based on user input, featuring a simple interface with Buy and Sell buttons. The EA calculates lot size, checks the spread against slippage, and places orders accordingly. It is essential to test this EA in a demo account before using it in live trading.
- VPS Trailing Stop Service VPS Trailing Stop Service
- CheckTrades This code initializes the necessary objects and input parameters, and defines a CheckTrades() function that calculates the risk and profit amounts based on the account balance and user input. It then iterates through open orders and checks if the current profit or loss meets the user-defined thresholds, and closes the position if necessary
Published article "Creating an EA that works automatically (Part 09): Automation (I)".
Although the creation of an automated EA is not a very difficult task, however, many mistakes can be made without the necessary knowledge. In this article, we will look at how to build the first level of automation, which consists in creating a trigger to activate breakeven and a trailing stop level.
Published article "Experiments with neural networks (Part 4): Templates".
In this article, I will use experimentation and non-standard approaches to develop a profitable trading system and check whether neural networks can be of any help for traders. MetaTrader 5 as a self-sufficient tool for using neural networks in trading. Simple explanation.
The most downloaded free products:
Bestsellers in the Market:
Most read articles this month
In this article, we demonstrate an easy way to install MetaTrader 5 on popular Linux versions — Ubuntu and Debian. These systems are widely used on server hardware as well as on traders’ personal computers.
How to purchase a trading robot from the MetaTrader Market and to install it?
A product from the MetaTrader Market can be purchased on the MQL5.com website or straight from the MetaTrader 4 and MetaTrader 5 trading platforms. Choose a desired product that suits your trading style, pay for it using your preferred payment method, and activate the product.
Learn how to design a trading system by Fibonacci
In this article, we will continue our series of creating a trading system based on the most popular technical indicator. Here is a new technical tool which is the Fibonacci and we will learn how to design a trading system based on this technical indicator.
Most downloaded source codes this month
- Support and Resistance Indicator This Indicator shows the potential breakout/stop levels.
- Candle Time End and Spread The indicator displays the current spread and the time till closing the bar (candlestick) at the same time.
- b-clock Show minutes and seconds left before new candle is appeared.
Bestsellers in the Market:
The most downloaded free products:
The most popular forum topics:
- Machine Learning and Neural Networks 95 new comments
- AI 2023. Meet ChatGPT. 64 new comments
- Issues in blog writing 11 new comments
New publications in CodeBase
- Risk Calculator Calculates the risk in the account currency for a given trading volume of the selected symbol at different time periods.
- Multi SellLimitOrders & Multi SellStopOrders Multi Selllimit and Sellstop orders are script files that enable traders to place multiple orders with ease. These orders allow traders to enter the market at a specific price level, or at a specified number of pips away from the current market price, with stop-loss and take-profit levels. By default, the pips value is set to 400, which means the trade will be placed 400 pips away from the current market price for a 5-digit broker. Moreover, the multi Selllimit and Sellstop orders offer traders the flexibility to customize their trading strategies. Traders can set the stop-loss level to zero if they do not use stop-loss, and can choose between a target price or a pip-based entry. This level of flexibility allows traders to tailor their trading strategies to their specific needs, which can result in better trading outcomes.
- Multi_BuyLimitOrders & Multi_BuyStopOrders Multi buylimit and buystop orders are script files that enable traders to place multiple orders with ease. With just one command, traders can place multiple buylimit or buystop orders using either a target price or pips. By default, the pips value is set to 400, which means the trade will be placed 400 pips away from the current market price for a 5-digit broker. This setup includes stop-loss and take-profit levels, which can be adjusted based on the trader's preferences. Notably, these orders come with a level of flexibility that enables traders to fine-tune their trading strategies. For instance, a trader can opt to set the stop-loss level to zero if they do not use stop-loss.
- Multi SellOrders To assist traders who wish to open multiple sell orders quickly, a script file has been developed that allows them to execute a large number of trades with just one command. The default take profit and stop loss values are set in 5-digit broker format, but for traders using a 4-digit broker, the default must be TP=40 and SL=20. Num_of_Sell is the number of trades to execute. This script file can be extremely useful for traders who want to take advantage of market conditions quickly and efficiently. By simplifying the process of opening multiple sell orders, it can save traders valuable time and allow them to focus on other aspects of their trading
- Multi BuyOrders To assist traders who wish to open multiple buy orders quickly, a script file has been developed that allows them to execute a large number of trades with just one command. The default take profit and stop loss values are set in 5-digit broker format, but for traders using a 4-digit broker, the default must be TP=40 and SL=20. Num_of_Buy is the number trades the trader wish to open instantly. This script file can be extremely useful for traders who want to take advantage of market conditions quickly and efficiently. By simplifying the process of opening multiple buy orders, it can save traders valuable time and allow them to focus on other aspects of their trading strategy.
- Multi SellLimitOrders & Multi SellStopOrders Multi Selllimit and Sellstop orders are script files that enable traders to place multiple orders with ease. These orders allow traders to enter the market at a specific price level, or at a specified number of pips away from the current market price, with stop-loss and take-profit levels. By default, the pips value is set to 400, which means the trade will be placed 400 pips away from the current market price for a 5-digit broker. Moreover, the multi Selllimit and Sellstop orders offer traders the flexibility to customize their trading strategies. Traders can set the stop-loss level to zero if they do not use stop-loss, and can choose between a target price or a pip-based entry. This level of flexibility allows traders to tailor their trading strategies to their specific needs, which can result in better trading outcomes.
- Multi_BuyLimitOrders & Multi_BuyStopOrders Multi buylimit and buystop orders are script files that enable traders to place multiple orders with ease. With just one command, traders can place multiple buylimit or buystop orders using either a target price or pips. By default, the pips value is set to 400, which means the trade will be placed 400 pips away from the current market price for a 5-digit broker. This setup includes stop-loss and take-profit levels, which can be adjusted based on the trader's preferences. Notably, these orders come with a level of flexibility that enables traders to fine-tune their trading strategies. For instance, a trader can opt to set the stop-loss level to zero if they do not use stop-loss.
- Multi SellOrders To assist traders who wish to open multiple sell orders quickly, a script file has been developed that allows them to execute a large number of trades with just one command. The default take profit and stop loss values are set in 5-digit broker format, but for traders using a 4-digit broker, the default must be TP=40 and SL=20. Num_of_Sell is the number of trades to execute. This script file can be extremely useful for traders who want to take advantage of market conditions quickly and efficiently. By simplifying the process of opening multiple sell orders, it can save traders valuable time and allow them to focus on other aspects of their trading strategy.
- Multi BuyOrders To assist traders who wish to open multiple buy orders quickly, a script file has been developed that allows them to execute a large number of trades with just one command. The default take profit and stop loss values are set in 5-digit broker format, but for traders using a 4-digit broker, the default must be TP=40 and SL=20. Num_of_Buy is the number trades the trader wish to open instantly. This script file can be extremely useful for traders who want to take advantage of market conditions quickly and efficiently. By simplifying the process of opening multiple buy orders, it can save traders valuable time and allow them to focus on other aspects of their trading strategy.