MetaTrader Global

In order to develop an expert to participate in Automated Trading Championship 2010, let’s use a template of ready expert advisor. Even novice MQL5 programmer will be capable of this task, because for your strategies the basic classes, functions, templates are already developed. It’s enough to write a minimal amount of code to implement your [...]

978 Participants Registered MetaQuotes Software Corp., Interbank FX, MIG Bank, FXCM, the TRADERS’ magazine and Dow Jones hold the fourth annual Automated Trading Championship 2010. The best three developers of automated trading strategies will be revealed within three months. Assessment criterion will be the absolute profit. Winners will share the Automated Trading Championship 2010 Prize [...]

The problem of calculation of the total position volume of the specified symbol and magic number is considered in this article. The proposed method requests only the minimum necessary part of the history of deals, finds the closest time when the total position was equal to zero, and performs the calculations with the recent deals. [...]

The basic rule of trader – let profit to grow, cut off losses! This article considers one of the basic techniques, allowing to follow this rule – moving the protective stop level (Stop loss level) after increasing position profit, i.e. – Trailing Stop level. You’ll find the step by step procedure to create a class [...]

In MQL5 you can write an indicator both from a scratch and on the basis of another already existing indicator, in-built in the client terminal or a custom one. And here you also have two ways – to improve an indicator by adding new calculations and graphical styles to it , or to use an [...]

The Use of ORDER_MAGIC for Trading with Different Expert Advisors on a Single Instrument This article considers the questions of information coding, using the magic-identification, as well as the division, assembly, and synchronization of automatic trading of different Expert Advisors. This article will be interesting to beginners, as well as to more experienced traders, because [...]

At times traders may need to perform a time synchronization task when expert advisor is working. Prohibition or permission for orders opening in certain time spans during 24 hours, cancellation of suspended orders after certain time, prohibition against work of the expert advisor on holidays, trade permission only at news-time etc. may be required. Time [...]

MQL5 for Newbies: Guide to Using Technical Indicators in Expert Advisors Introduction An Expert Advisor or indicator that doesn’t use standard technical indicators in its code is rare. They are popular both for the beginners and advanced developers of trading strategies. It isn’t difficult to understand the details of indicator creation; the aim of this [...]

In MQL5 there are several ways to call indicators, and they are mostly carried out using IndicatorCreate() and iCustom() functions. Moreover, these functions only return indicator handle, and further work on indicators is done through it. So what is a handle? How to deal with IndicatorCreate() and iCustom() functions? And how your expert will get [...]

MetaTrader is one of the most popular trading platform among presently existing. Wide configuration and control possibilities for brokers and a robust programming tool, the integrated MQL language for traders make the system handy and versatile in use. The MQL integrated programming language is a C++ like language. Its concepts and syntax are familiar which [...]

Development of applications for the MetaTrader 4 Client Terminal requires the knowledge of MQL4. This programming language MetaQuotes Language 4 is a fourth-generation language that has also been developed by MetaQuotes Software Corp. from their own many years experience. MQL4 is the first programming language to consider all niceties of trading on financial markets. This [...]

Anybody who has ever launched an EA or an indicator for execution, faced the possibility to preliminarily set up external parameters that often underlay the success of the program. There is a possibility to change parameters during the program operation. But how can that be done without initialization? In some cases, this may affect managing [...]

Many of you probably have considered the possibility of using neural networks in your EA. This subject was very hot specially after 2007 Automated Trading Championship and the spectacular winning by Better with his system based on neural networks. Many internet forums were flooded with topics related to neural networks and Forex trading. Unfortunately writing [...]

To back test an expert advisor (EA) follow the steps below. Open the Strategy Tester window by pressing Ctrl+R Select the expert advisor you wish to back test Select the symbol you wish to back test Select a testing model (every tick model recommended) Set a testing period Press Start

MetaTrader Expert Advisors file should have the file extension of .ex4 (compiled code) or .mq4 (sourse code). First it is necessary to copy this file to the folder Experts of the MetaTrader working directory (usually C:\Program Files\MetaTrader Broker Name or MetaTrader). The second step is to restart MetaTrader. After the restart the expert should be added to the list [...]

Let’s look at how to optimize an expert advisor. In the example below we will look to optimize the size of stop loss and take profit. Expert Optimization Steps 1. Open the Strategy Tester window by pressing Ctrl+R. 2. In the Strategy Tester window, select Expert Properties 3. Select the  Optimized parameters ( in our example stop-loss and stop-profit) 4. Enter the [...]

Looking for a MetaTrader Broker with a local office in India? MetaTrader India recomends Alpari Forex (India) Pvt. Ltd. is a company formed under the Indian Companies Act, 1956.  To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/ Alpari offers Online Trading in Forex via MetaTrader 4 (MT4), one of the world’s most recognised [...]

Modern technologies allow us not only to trade in financial markets using personal computers, but we can fully automate a trading system now. Using a computer program you can relieve yourself from the routine of analyzing financial markets and performing trades. Our client terminal has all functions that allow you to develop, test and use [...]

There are a vast number of people who are looking for a good genuine forex expert advisor (trading robot). In my knowledge, nothing has made a more profound innovation for an individual trader who likes trading from home, more than Meta Trader Expert Advisors. MetaTrader expert advisors are automated programs that will place trades on a traders’ [...]

We believe the MetaTrader 4 (MT4) forex trading platform is one of the best and most comprehensive trading and charting platforms available today. Many forex brokers use the MetaTrader 4 platform for their trading platform. There are many MT4 expert advisors (EAs) and trading indicators that easily plug into the MetaTrader charts and that makes [...]