MQL5.community

The development of an Inverse Fair Value Gap (IFVG) detection strategy continues in MetaQuotes Language 5 (MQL5). Following detection of Fair Value Gaps (FVGs), IFVGs are introduced to identify states where a mitigated gap inverts direction due to price action. Settings like…

The Chaos Game Optimization (CGO) algorithm, introduced by Siamak Talatahari and Mehdi Azizi in 2020, employs chaos theory principles and chaotic sequences for achieving global optimization in complex multidimensional spaces. The algorithm's effectiveness lies in its ability to…

A library offering concise descriptions for each error in the MQL5 Reference has been developed, with regular updates as the documentation evolves. The latest update was released on February 29, 2024. For optimal use, ensure the file ErrorDescription2.mq5 is placed in the…

The recent archive of models offers a diverse set of options for personalizing model training, particularly due to varying hyperparameters. These machine learning models are developed in Python and are then converted to ONNX format, ensuring ease of use without requiring code…

We are progressing with the system for automating the optimization of trading strategies in MetaTrader 5. At its heart is a database designed for optimization projects. We've crafted a script to initiate projects, notably for the SimpleVolumes strategy, but adaptable to others.…

In the latest iteration of our MetaTrader 5 series, we transform the Kagi chart engine into a full-featured Expert Advisor. Building on the Kagi structure, we introduce features enabling automated trading in response to market changes. The EA now detects reversal signals, places…

Modern algorithmic trading requires balancing high returns with risk management to protect capital against volatility and systemic risks. An Expert Advisor (EA) achieves this through a multi-layered protection framework integrating dynamic lot sizing, exposure controls, and…

The article delves into developing advanced container controls for modern UI design within MetaTrader 5, emphasizing their integration within the MVC paradigm. Key controls like Panel, GroupBox, and Container are explored for placing various UI elements, each having distinct…

An Expert Advisor (EA) has been developed to alert users about the Depth Per Inch (DPI) of their monitors, a crucial tool for those working with varying screen resolutions. Typically, panels are designed to function with a limited range of resolutions when default settings are…

The text covers the integration of AutoIt with MQL5 for automation tasks in MetaTrader 5. AutoIt is highlighted as a tool for Windows GUI automation, offering capabilities not possible with MQL5 alone, such as script and expert advisor management on charts and alert handling.…

Discover a technical implementation of the Tillson T3 indicator designed for improved performance. This version calculates 6 EMAs internally, avoiding the use of auxiliary indicator buffers. This approach streamlines operations and enhances efficiency. Developers can access the…

In recent technical publications, the focus has been on enhancing trading psychology through session awareness rather than just relying on clock times. Traditional explanations of market sessions often miss the importance of geographical dynamics. Understanding when different…

Explore innovative enhancements to the classical moving average crossover strategy, tackling its common pitfalls like noise and delayed signals. The article delves into robust filtering to enhance signal reliability, utilizing statistical models for superior trade selection. The…

Our latest exploration into statistical arbitrage reveals a pivotal shift in assessing portfolio weight stability by integrating the Rolling Windows Eigenvector Comparison (RWEC) with traditional IS/OOS ADF validation. This approach solves previously discussed issues of long…

The script effectively compiles total profits and swaps for each currency pair, enhancing its utility for hedging strategies and accounts. It accommodates multiple entries that rely on trading signals, promoting efficient analysis of financial performance. This feature is…

The Dynamic Gaussian Channel indicator constructs dynamic support and resistance levels by utilizing smoothed price data through a Gaussian filter. It consists of three main lines: resistance, median, and support. The algorithm applies Gaussian smoothing to the high and low…

Discover how to transform forex chaos into clarity with a cutting-edge currency strength indicator on MetaTrader 5. This innovative tool evaluates real-time strength across three timeframes (H1, H4, D1) using a smart weighting system to highlight true market dynamics. The…

Explore a systematic approach to improving logging in MetaTrader 5 using principles from Python's logging module. Gain insights into configuring specific parameters like file naming, size limits, and verbosity control through a custom MQL5 class. Optimize file I/O operations by…

The development and refinement of the Table View control in the MVC paradigm has led to significant advancements in both the Model and View components. Initial efforts focused on creating a foundational object for graphical elements. Progress is now moving towards simple…

An effective signal indicator for MetaTrader 5 combines RSI and Moving Average to identify trend-following signals. Designed as a clean visual tool, it aids manual trading or provides signals for Expert Advisors. The strategy draws arrows based on specific conditions. For a buy…