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 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 [...]

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 [...]

Introduction What is an indicator? It is a tool intended for displaying a certain type of data. Usually it is information about the price series properties, exactly this type of indicators will be considered further. Each indicator also has its own properties and characteristics: for example, the range of values, the overbuying/overselling zones, the line [...]

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 [...]

In this article I would like to pay special attention to the program files folder of MetaTrader 4 client terminal. This is connected with the fact that already during the first meeting of the terminal and during all the other time of the serious work with it we often face the necessity to refer to [...]

Frequently used indicators, scripts, experts and accounts can be added to the “Favorites” group to enable faster access. To add indicators, scripts, experts or accounts, click with the right mouse button on the name of the indicator, script, expert or account and select ”Add to favorites”. The listed items will be then available in the “Favorites” tab of the [...]

Indicators, experts and/or scripts can be promptly attached to the chart if hotkeys are preliminarily set for them. This can be very useful in the full-screen mode or to save time. It is two simple steps to assign hotkeys; Step 1: Select the “Set hotkey” option in the “Navigator” window context menu. Step 2: Select any keys combinations [...]