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! [...]

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 [...]

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 [...]

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 [...]

Many people asked MetaQuotes to develop a mobile version of Metatrader 4 for iPhone. Unfortunately, the mobile version of MT4 is only available for the Windows Mobile platform ( Smartphones and Pocket PC’s). However the good news is that Metatrader 5 will be available for Iphone and Google Android platforms! It was recently confirmed by [...]

LiteForex group of companies is pleased to announce the new demo server launch intended for testing Metatrader-5, the next-generation platform. MetaTrader-5 trading platform has been developed for working in Forex and CFD markets which is a big advantage for traders interested in both stock and currency tools. Trading possibilities of MetaTrader-5 have been considerably extended [...]

MetaTrader 5 Beta Testing MetaTrader 5 is at the stage of public beta testing. Please join the testing, and help MetaQuotes to improve the new client terminal for Forex, CFD and Futures, as well as equity markets. To download MetaTrader 5, please visit http://www.metatraderglobal.com/metatrader-5-download/ To read more about the MetaTrader 5 beta, please visit http://www.metatraderglobal.com/183/public-beta-testing-of-the-metatrader-5-terminal/

MetaTrader 5: Publishing trading forecasts and live trading statements via e-mail on blogs, social networks and dedicated websites Introduction Automatic web-publication of trading forecasts has become a widespread trend in the trading industry. Some traders or companies use Internet as a medium for selling subscribed signals, some traders use it for their own blogs to [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]