MetaTrader Global

This article is dedicated to peculiarities of transferring price constructions written in MQL4 to MQL5. To make the process of transferring indicator calculations from MQL4 to MQL5 easier, the mql4_2_mql5.mqh library of functions is suggested. Its usage is described on the basis of transferring of the MACD, Stochastic and RSI indicators. Introduction Hello dear readers! [...]

A number of indicators have appeared since the time of first Moving Average indicator creation. Many of them use the similar smoothing methods, but the performances of different moving averages algorithms have not been studied. In this article, we will consider possible ways of use the Moving Averages in MQL5 and compare their performance. Introduction [...]

This article is a quick guide to MQL4 language functions, it will help you to migrate your programs from MQL4 to MQL5. For each MQL4 function (except trading functions) the description and MQL5 implementation are presented, it allows you to reduce the conversion time significantly. For convenience, the MQL4 functions are divided into groups, similar [...]

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 [...]

Let’s consider a task of improving an indicator, which is applied to values of another indicator. In this article we’ll continue to work with True Strength Index (TSI), which was created and considered in the previous article “MQL5: Create Your Own Indicator“. . Custom Indicator Based on Other Indicator’s Values When writing an indicator that [...]

What is an indicator? It is a set of calculated values that we want to be displayed on the screen in a convenient way. Sets of values are represented in programs as arrays. Thus, creation of an indicator means writing an algorithm that handles some arrays (price arrays) and records results of handling to other [...]

By using Chart Templates the chart background, bars colors, indicators and objects can be saved and used on other charts. To do this, setup any chart as you wish: set colors, superpose objects, attach indicators, etc. Then select the “Charts -> Template -> Save Template…” menu and save the obtained template as default.tpl

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 [...]

Not so long ago – at the dawn of technical analysis when by far not all traders had computers – people appeared that tried to predict future prices using formulas and regularities invented by them. They were often called charlatans. Time went on, methods of information processing became more complicated, and now there can hardly [...]

The abundance of indicators and oscillators developed nowadays inevitably leads to the problem of choosing the most efficient of them. Very often a beginning trader first facing this plenty of available analysis and forecasting tools starts testing them on history data and demo accounts. After that a set of conclusions is made about the efficiency [...]

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 [...]

Finally we’ve got an opportunity to try the new trade terminal – MetaTrader 5. No doubt, it is noteworthy and has many new features as compared to its predecessor. The important advantages of this platform among others are: Essentially modified language allowing now to use the object-oriented programming, still allowing to use the rich advantages [...]

A short time ago some traders posted first indicators and scripts for the Metatrader 5 platform written in the new MQL5 language. Two of them are really impressive and show the real power and new possibilities of MQL5. 1. Slideshow Indicator for Metatrader 5 (by Rosh) This indicator will place custom background pictures behind the [...]

Analytics is one of the most important components of trading. Based on analytical data, a trader can decide what operation to execute, when to do it and the profit/loss of the trade. The MetaTrader 5 platform offers you wide analytical possibilities! Charts Charts constitute a work field for technical analysis. This is where dynamics of security [...]

With the MetaTrader 5 platform installed and time to check its new features. Some traders are excited to already find some of the features they have been looking for since using the old Metatrader 3, such as multiple time frames: it has 2 hrs charts, 8 hrs, 12 hrs etc. MetaTrader 5 also has a lot more indicators in the base version. Please feel [...]