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"This advisor uses the RSI indicator to determine optimal entry and exit points in the market. A unique feature of the advisor is its martingale strategy, which allows for position reversal with an increased lot size during market reversals. The advisor offers flexible trading time settings: you can set a working time range and disable trading during specific hours to filter out news events."
A tool which refreshes the chart automatically and will make active indicators update if something stopped plotting on the chart.
Stochastic beginner tutorial to learn how to code in MQL5
It will automatically plot a colored horizontal line on the previous open/highs/lows/close of the selected period, and it will make the lines consistent on this price when switching timeframes.
This is a helper function which enables you to find the price of the symbol (the prices on the Y-axis) wherever you click the mouse on the chart. Using OnChartEvent, we don't have an MQL5 function in the API to do this, we can only obtain X and Y pixel values with mouse click.
Set TakeProfit by just dragging and dropping script on the desired price level.
Set StopLoss by just dragging and dropping script on the desired price level.
Bands Bollinger beginner tutorial to learn how to code in MQL5
Moving average beginner tutorial to learn how to code in MQL5
One of the latest version of this indicator at the moment. Huge base of different modifications of moving averages, with multitimesframe function, sending signals to e-mail and push notifications.
Trend Dashboard Indicator MetaTrader 5 indicator — a multi-timeframe indicator that is based on three standard indicators: Stochastic oscillator, RSI (Relative Strength Index), and CCI (Commodity Channel Index). It displays current trend directions for M1, M5, M15, M30, H1, H4, D1, W1, and MN1 timeframes. When you follow such an indicator you have a clear picture of the trends across all important timeframes. It doesn't matter which timeframe you attach this indicator to. The indicator can be downloaded for MT4 and MT5.
I wanted to build a moving average which would create an alert when the price moves over the line by a user defined amount of points. It creates both bullish and bearish signals depending on the direction of market price moving through the MA. It is designed for slow length moving averages (default is 200-day MA). EDIT: I now added a second version of the indicator which uses Arrow buffers instead of ObjectCreate.
This is a custom support and resistance indicator, signaling bouncebacks and key market levels.
Enables Programmers to create Martin Gale and Grid Trading strategies with ease.
Forget about BMP files like a bad dream. Thanks to this library, you can now use the PNG format, which has a number of advantages, such as being more compact without losing image quality and maintaining transparency.
The "Dynamic Support and Resistance" Indicator is a versatile tool that combines support and resistance levels with real-time market dynamics. By incorporating previous daily highs and lows, it provides valuable insights into market psychology and identifies potential areas of price reversals or breakouts. With its ability to adapt to changing market conditions and customizable options, traders can stay ahead of trends and make informed decisions. This indicator is suitable for various trading styles and timeframes, empowering both experienced and novice traders with a competitive edge. ## Check out new Liquidity Hunter EA that uses SMC : https://www.mql5.com/en/market/product/121106
On contrast with Trailing Stop which a stop loss trails price until the price hits the stop loss and the position gets closed in profit, introducing Trailing Take Profit which take profit trails price when a position is in loss and ultimately the position gets closed with loss.
Calculate DST for USA, EUR, AUD and RUB and the offset time of the broker automatically from the 70's until 2030 - even in the Strategy Tester of MQ.
Tortured small print in the terminal? This indicator makes price numbers visible!
The AK-47 Scalper EA is fully automated. It employs a strategy of continuously entering Sell Stop orders and will modify them when the price moves against the pending orders.
The purpose is to check whether new bar are generated This is a class file that can be used as a class or copied to EA or scripts for use
Explore the implementation of equity-based position closure in your trading bot, where positions are closed automatically when the equity reaches a certain percentage threshold.
To use martingale money management when a position is in loss and price hits any of specific distances.
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.
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.
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.
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
Calculates the risk in the account currency for a given trading volume of the selected symbol at different time periods.
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 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.