MQL5.community

Automating trading processes is instrumental in addressing prop firm challenges. These firms impose strict rules that differ from personal trading, requiring adherence to drawdown and risk limits. Traders often excel in strategy but struggle with emotional discipline and manual…

The primary function of this indicator is to assess the possibility of price maximums and minimums. It begins by gathering historical price data for analysis. By evaluating the current market conditions and comparing them to historical statistics, the indicator generates signals.…

Analyzing indicator combinations for the VGT ETF was the previous focus, but here the goal shifts towards selecting complementary indicators methodically. The process of selecting technical indicators is prone to subjectivity and could lead to biases like survivorship and…

An advanced MetaTrader 5 Expert Advisor (EA) seamlessly combines Smart Money Concepts (SMC) like Order Blocks, Fair Value Gaps, and Break of Structure with real-time market sentiment analysis. The EA dynamically adapts to market conditions, selecting optimal strategies for…

Deploying machine learning-driven trading applications poses numerous challenges, primarily due to hard-to-detect errors not addressed in standard literature. A major issue is model assumptions violation, which often leads to silent failures in trading algorithms. All statistical…

Explore a new approach in trading with the integration of RSI for smart stop-loss mechanisms. The research compares two strategies: a traditional fixed stop-loss against an innovative RSI-based stop-loss system. The findings reveal that while RSI lowers the risk of being hunted,…

A library for keyboard operation is essential for managing keyboard layouts and key processing. It includes comprehensive data on various keyboard layouts, allowing for the configuration and recognition of different key arrangements. This library aids in determining the status of…

A script has been developed to calculate autocorrelation and partial autocorrelation functions, displaying results graphically. Key input parameters include: 1. N: Data window for calculation, where a default value of 100 is set. Capable of handling large datasets, it…

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…