Metatrader 5 / Metatrader 4 for MQL5 / MQL4 articles preview

The MetaTrader 4 and MetaTrader 5 client terminals allow users to create prototypes of MQL programs using the built-in MQL Wizard. The Wizards of the two terminal versions are similar, but still have one important difference. The MetaTrader 5 Wizard can generate ready-to-use Expert Advisor, while this option is not available in the MetaTrader 4 Wizard. The reason for that is that such ready-to-use Expert Advisors are based on the Standard MQL Library classes, i.e. a set of header files available in the terminal. MetaTrader 4 also has a standard library, which however does not include no trade classes from MQL5. In particular, there are no classes for preparing and sending trading orders, calculating signals based on indicator values or price action, using trailing stop, and applying money management. All these functions constitute a necessary basis for building automatically generated Expert Advisors.

more...

Table of Contents

• Introduction
• Objectives
• Base Implementation
  
  • Calculation of Trade Volume
  • Calculation of Stoploss and Takeprofit
  • Closing an Order or Position
  • Validation of Settings
  • Counting of the Number of Trades
  • Archiving a COrder Instance
• MQL4-Specific Implementation
  
  • Opening an Order or Position
  • Closing an Order or Position
• MQL5-Specific Implementation
  
  • Opening an Order or Position
  • Closing an Order or Position
• Creation of an Instance of COrder
• Modification of Order or Position
• Example
• Overview of Structure
• Conclusion

more...

Contents

• Introduction
• Defining the task
• Implementation
• Testing
• Summary
• Conclusion

more...

MT4:

MT5:

Table of Contents

• Introduction
• Objectives
• Trade Signals
• Signal Types
• Comparison with CExpertSignal
• Phases
  
  • OnInit and OnDeinit
  • OnTick
  
  
• Implementation
  
  • CSignal Class
  
  
  
  • CSignals Class
  
  
• Indicator Instances
• Limitations
• Examples
  
  • Example #1: Order Manager Sample
  • Example #2: MA Expert Advisor
  • Example #3: HA Expert Advisor
  • Example #4: An Expert Advisor Based on HA and MA
  
  
• Conclusion

more...

Contents

• Setting a task
• 1. Commission. Swap. Profit
• 2. Calculating equity and balance on history
  
  • 2.1. "Open positions" list
  • 2.2. Floating profit equation
  • 2.3. Avoiding issues: Are all symbols available?
  • 2.4. Considering opened and closed positions on history
  • 2.5. How to count the floating profit (Equity)
  
  
• 3. Integrating the EA to the dialog box (panel)
  
  • 3.1. General view of the dialog box
  • 3.2. Interacting with the box
  • 3.3. Small adjustment - considering selected magic number
  
  
• 4. MFE and MAE distribution graphs
  
  • 4.1. MFE and MAE accounting principle
  • 4.2. Processing positions
  • 4.3. Changed box
  
  
• Conclusion

more...

In this article, I will tell you how to successfully trade by merging a very well-known strategy and a neural network. It will be about the Thomas DeMark's Sequential strategy with the use of an artificial intelligence system. Sequential is well described by DeMark in the book "The New Science of Technical Analysis", which will be useful for reading to any trader. You can find more details on the book here.

more...

Wolfe Waves

Contents

• Introduction
• Rules for determining Wolfe Waves
• Choosing a ZigZag to work with
• Collecting data about the ZigZag peaks
• A bit of geometry
• Determining Waves
• Drawing waves and targets
• Deleting graphical objects
• The alert function
• Expert Advisor
• A few more tips from Bill Wolfe's book
• Conclusion
• Attachments

more...

Table of Contents

• Introduction
• Tracking the pressing of the Shift key
• Key combinations for selecting text
• Methods for selecting text
• Methods for deleting the selected text
• Class for working with image data
• Conclusion

more...

With this article, the most ancient price level forecasting method of technical analysis will become available to all who want to use it. In addition to having a ready-to-use indicator that draws trend lines (support and resistance lines), you will see how simple the indicator creation process is. You will learn how to formulate conditions for drawing any desired line by changing the indicator code.

more...

Contents

1. Introduction
2. DiNapoli levels: the basics
3. Main principles and concepts
4. Fibo/DiNapoli extensions
5. DiNapoli levels trading technics
6. Minesweeper A and Minesweeper B strategies
7. DiNapoli levels indicator
8. Conclusion
9. Reference

more...