MetaTrader Global

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“.
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Custom Indicator Based on Other Indicator’s Values

When writing an indicator that uses the short [...]

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 [...]

Introduction
Most Java coders will be familiar with the auto-generated documentation that can be created with JavaDocs. The idea is to add comments into the code in a semi-structured way that can then be extracted into an easy to navigate help file.
The C++ world also has a number of documentation auto-generators, with Microsoft’s SandCastle and Doxygen [...]

People have been asking if the code of MetaTrader 5 (MQL5) will be similar to C++?
It was promised that MQL5 will be very similar to classic C / C++, except:

pointers. that staff with *.
goto operator.
anonimous enumeration.
some exotic staff from so-called “object-oriented programming”: classes constructors do not have parameters, no multiply inheritance etc.

From discussion of the already-made MQL5 [...]

Below is a list changes in the MQL5 Help file.
Note: The Help is not updated automatically but can be downloaded at: http://www.mql4.com/files/mql5.chm

Added the OBJPROP_READONLY property for the Edit graphical object, which enables/disables editing of a text in this object;
Added an example for the IndicatorRelease() function;
Added the IndicatorCreate() function in the “Access to timeseries and indicators” section;
Added [...]

Here is a script which converts MQL4 code to MQL5 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
- mt4timeseries_2.mqh

Now, download the latest version of the rewrite script and place it in your [...]

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 of [...]

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 [...]

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 chart and [...]

The main difference between MQL4 and MQL5 is the appearance of the object oriented programming. So you can start learning MQL4 now, because:

If You know MQL4 the only thing in MQL5 to change in your programs will be names of a couple of start() init() deinit() functions;
If you know MQL4 the transition to MQL5 will [...]

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 quotes are [...]

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 free [...]

The trading system in MetaTrader 5 differs from that of MetaTrader 4 in its basics. First of all, four types of trade operation execution are supported in MetaTrader 5: Market, Instant, Request and Exchange. Secondly, the new terminal accepts the strict delimitation between the notions of Order, Trade and Position.

Order. This is the direction to [...]

Recently, Alpari Russia announced the upcoming availability of MetaTrader 5 for its clients. Real trading accounts will be available after the general public beta testing of MetaTrader 5. As we know, the new version of MetaTrader will allow to trade not only forex but options, futures and equities. This means that brokers who offer trading [...]

The public beta testing of the MetaTrader 5 client terminal starts today. This is the notional day for all of you, who are waiting for our new trading platform.
The stage of the closed beta testing of the client terminal is over. Totally, we’ve received about 300 bug reports and suggestions from our testers. The most [...]

The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4. This means that every indicator and expert [...]

This is just a brief review of MetaTrader 5. I can’t describe all the system’s new features for such a short time period – the testing started on 2009.09.09. This is a symbolical date, and I am sure it will be a lucky number. A few days have passed since I got the beta version [...]

A few days ago MetaQuotes published a MQL5 reference guide in Russian. You can find the MetaTrader 5 and MetaEditor 5 user guides in your \MetaTrader 5\Help\ folder. The English version is not coming out yet. However, if you use a translation service, for example Google Translate, you should understand it without too many problems if you [...]

Important Note: MetaTrader 5 is in testing and the below are goals of the new platform and will MetaTrader 5 still be subject to market conditions and broker setup.
This week I will try to give some insight into what these features really are and how they might impact your trading.
Up first, the new Depth of [...]