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 [...]

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 [...]

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 [...]

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 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 [...]

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 [...]