MetaTrader 5

MQL5 Programming Language: Unleashing the Power of Automation in MetaTrader 5

2023-05-22T01:29:00.006-07:00

MetaTrader 5 (MT5) is not only renowned for its comprehensive trading features but also for its powerful programming language, MQL5. MQL5 opens up a world of possibilities for traders and developers, allowing them to create custom indicators, expert advisors, and scripts to automate and optimize trading strategies. In this article, we will explore the key features and advantages of MQL5, and how

MetaTrader 5: Revolutionizing Trading with Advanced Features and Functionality

2023-05-22T01:16:00.007-07:00

In the world of online trading, staying ahead of the game requires access to cutting-edge tools and platforms that provide seamless execution and in-depth analysis. MetaTrader 5 (MT5) has emerged as a powerful and versatile trading software that has revolutionized the way traders approach financial markets. Developed by MetaQuotes Software Corp., MT5 offers an extensive array of features and

Metatester 5 Agents

2010-08-30T05:41:00.000-07:00

One of the big improvements of the new Metatrader 5 strategy tester is the possibility to use individual calculation frameworks ( agents ) to distribute the load within the multiple (remote) cores and as result, to greatly increase the speed of trading strategies optimization / calculation. The agents can be installed on remote computers in your local home/work network or on other

Metatrader 5 for Iphone and Google Android

2010-07-28T10:51:00.000-07:00

Many people asked MetaQuotes to develop a mobile version of Metatrader 4 for Iphone. Unfortunately, the mobile version of MT4 is only available for the Windows Mobile platform ( Smartphones and Pocket PC's, look for the download links in "MT downloads" sidebar ). However the good news is that Metatrader 5 will be available for Iphone and Google Android platforms! It was recently confirmed by

Multi-Currency Strategy Testing with MetaTrader 5

2010-07-24T06:55:00.000-07:00

In Metatrader 5 Strategy Tester you can test an Expert Advisor using different currencies, but you can also automatically test a multi-currency EA without the need of switching the currencies as in MT4.To test a single currency EA using different currencies you must select the option "All Symbols Selected in Market Watch" in the optimization types selection. You can also select the currencies you

MetaTrader 5 Strategy Tester - Metatester 5 Overview

2010-07-16T06:17:00.000-07:00

A few months ago MetaQuotes released the beta version of the MetaTrader 5 Strategy Tester - Metatester 5. In this article i will do a quick review of it's options and features. Note that Metatester 5 in still in development, so new options and features can be added to it later (for example, visual backtesting and the option to display your backtested trades on the chart are missing).There is no

More details about the MetaTrader 5 trading strategy tester, MetaTester 5

2010-02-25T05:47:00.000-08:00

MetaQuotes is about to release the MetaTrader 5 trading strategy tester ( MetaTester 5 ). One of the big improvements of the new tester is the possibility to create individual calculation frameworks ( agents ) to increase the speed of trading strategies optimization / calculation. On the local computer, each agent represent 1 logical processor core, so for example if you have a quad-core cpu, you

Metatrader 5 Fibonacci Tools part 2: Fibonacci Fan

2010-02-16T14:48:00.000-08:00

This is the second article in a 5-part series about the Metatrader 5 Fibonacci Tools. In this article we are going to customize the Fibonacci Fan settings within Metatrader 5 so it can better identify major support and resistance levels. The customized Fibonacci Fan can be used also as a powerful stand-alone trading system.In Metatrader 5 you can find the Fibonacci Fan tool under the menu Insert

Recommended: MQL5 Magazine Blog

2010-02-07T18:44:00.000-08:00

Check out this great blog about MQL programming and Metatrader 5 related stuff: http://mqlmagazine.com The authors of the blog are Bogdan Caramalac and Bogdan Baltatu, professional traders and MQL programmers from Romania. The blog has many great articles, for example: Tick events in MQL5: complicated for now, but functional or Quoting – A new activity in MT5About their blog:MQLmagazine.com is a

MT5 Fibonacci Tools part 1: Fibonacci Retracements

2010-01-27T15:05:00.001-08:00

This is the first article in a 5-part series about the Metatrader 5 Fibonacci Tools:Fibonacci retracement is a very popular and extremely useful for setting the stop-loss and take-profit levels and strategic places for transactions. The notion of retracement is used in many technical indicators such as Gartley patterns, Tirone levels, Elliott Wave theory etc. Many traders use Fibonacci

MT 5 Indicator Update

2009-12-09T07:00:00.002-08:00

Fractals Period for Metatrader 5 (author - Alexander Piechotta, see original post here)The Fractals indicator is one of the five indicators of Bill Williams’ trading system, which allows you to detect the bottom or the top of the current trend. However, the main drawback with fractals is that they are lagging indicators because a fractal can't be drawn until the bars have appeared. Thats why

Auto-generated MQL5 documentation

2009-12-09T07:00:00.001-08:00

Some time ago, Paul (phampton) wrote on his blog about the creation of extended documentation for the MQL5 code using some free tools like Doxygen and HTML Help. This extended documentation in the form of a a compiled HTML help file, includes class hierarchies and methods for all the code distributed under the MQL5 folder, like the MQL 5 indicators or the MQH include files. Each MQL5 file has a

MQL5 website is live

2009-11-19T14:55:00.000-08:00

The website mql5.com is now online! ;) The forum , mql5 documentation and articles section are already working, but the code base is still in development. Great news for all MQL5 developers: a MQL5 book is planned and it will be written by Sergey Kovalyov, author of the MQL4 book.Now that the MQL5 documentation is online, you don't need a local version of the MQL5 help. The MQL5 language

Moving from MQL4 to MQL5

2009-11-19T14:29:00.000-08:00

Some information about the migration from MQL4 to MQL5:MQL5 is the development of its predecessor - the MQL4 language, in which numerous indicators, scripts, and Expert Advisors were written. Despite the fact that the new programming language is maximally compatible with the previous-generation language, there are still some differences between these languages. And when transferring programs

Indicator update for MT5

2009-11-16T06:00:00.000-08:00

8 new indicators for Metatrader 5:1. Trading Sessions ( author - vdv2001 )This is the MQL5 version of the popular indicator that draws a vertical lines seperating the different trading session times. It shows the main 3 trading sessions. There are no input parameters because of the functions TimeTradeServer(), TimeGMT() which gets the time updates automatically. You can customize the

Custom Indicators in MQL5

2009-10-30T06:44:00.000-07:00

A new article about custom indicators in Metatrader 5 was posted today on the mql4.com website. It explains the MQL5 indicators, their structure, drawing, types and their programming details, comparing to MQL4. Also, 7 new custom indicators were presented with the article.Read

Rewrite MQL 4 to MQL 5 Script

2009-10-26T08:05:00.000-07:00

A script which converts MQL 4 code to MQL 5 code was developed by Keiji and Circlesquares on the MQL4 forum.First, download the following files and place them in your Metatrader 4 / experts / include folder- mt4accountinfo.mqh - mt4string.mqh- mt4datetime.mqh- mt4objects_1.mqh ( updated version ), see post below.- mt4timeseries_2.mqh ( updated version ), see post below.Now, download the latest

FraMa Cross Indicator and EA for MT5

2009-10-26T07:40:00.000-07:00

FraMa Cross Indicator and EA (author - Paul, see his blog Paul's Forex random walk)This indicator will show a fast and slow Fractal Moving Average (FRAMA) and places arrows at the open of each bar following an MA cross event. FRAMA is an exponential style moving average and can be a valuable technical indicator because it rapidly follows significant changes in price but becomes very flat in

Bma and Double Smoothed Stoch Indicators for MT5

2009-10-23T15:24:00.000-07:00

Another 2 new indicators for Metatrader 5:1. Bma Indicator ( author - Andrei, see original post here)BMA (Bands Moving Average) is a modified moving average indicator that comes with Metatrader 5, with 2 more bands added to it. One band is below the main line by 2% and the other — above by 2%. This indicator can be used as the pull-back detector: when the price breaks through the upper band on

Prev-Next Timeframe Script for MT5

2009-10-23T15:03:00.000-07:00

A useful script for changing the timeframe with a hotkey (author - sergeev)With this little scripts you can change the current timeframe in Metatrader 5 to the previous or next timeframe, for example H1 <- H2 -> H3 with a custom hotkey.First, place the NextTF and PrevTF scripts in the MetaTrader 5\MQL5\Scripts\ folder:Then, right click with your mouse on any script and press "Set Hotkey". Now

More indicators for MT5

2009-10-19T15:37:00.000-07:00

More new indicators for Metatrader 5 have been posted recently:1. Market Profile Virgin POC, Enthios Universal System (author - vdv2001)This indicator is based on the Enthios universal system. The system is based on trading the bounces from areas of strong support/resistance which is described in detail here. You can customize some properties, i have added translation:Download(Indicator is posted

MQL4 to MQL5 Porting Table

2009-10-19T14:31:00.000-07:00

Fai has posted today a handy table with a comparison of the MQL4 and MQL5 functions ( MQL4 to MQL5 Porting Table ). It will help a lot with learning of the new MQL5 language.DownloadSee also: MQL 5 User Guide

History in MT5

2009-10-16T05:00:00.000-07:00

In MetaTrader 5 the history of quotes is stored only in M1 format (from 1993, before - D1 format) and all the charts are built based on it. When the terminal is first installed, the history is empty. The history is stored in \MetaTrader 5\Bases\Default\History\"currency"\ folder and has the .hcc (uncompressed) format. The history is transferred from the MQ's server in a space-efficient archive

Delete all Objects Script for MT5

2009-10-15T02:19:00.000-07:00

Today we are going to create a simple script for Metatrader 5 that will instantly delete all objects on the active chart window. If you are experimenting with graphical objects or if you are using indicators that do not redraw graphical objects automatically, the script will save your time.First, open MetaEditor 5 and press the "New" button. The MQL5 Wizard will start up. Select "Script" and

Close All Expert for MT5

2009-10-13T15:20:00.000-07:00

A new version of the CLOSEPRC Expert for Metatrader 5 was posted today. This EA can automatically close all open orders when a certain deposit percentage is reached. There is also a button for manual closing of all current positions. This EA is made by YurazYou have to allow the EA to autotrade to work. You can input the deposit percentage in the black box with red borders ( see screenshot).The