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March 24, 2024MQL5 TUTORIAL – SIMPLE AWESOME STANDALONE EXPERT ADVISOR This time we are going to create a standalone Expert Advisor to trade the Awesome Oscillator, it will output buy and sell signals directly on the chart and whenever the line is crossed here we either get a sell signal when it’s below the dotted line or we would get a buy signal as soon as it crosses the line like right now the bars are above and now we consider that to be a buy signal.
Now how can we create an Expert Advisor in MQL5 that is able to not only output the signals on the chart but to automatically trade them?To do that please click on the little icon here or press F4 on your keyboard now you should see the Metaeditor window and here you want to click on: ”File/ New/ Expert Advisor (template)” from template, “ Continue”, I will call this file: “SimpleAwesomeStandaloneEA”, click on “Continue”, “Continue” and “Finish”.Now you can delete everything above the “OnTick” function and the two comment lines here.We start by including the file “Trade.mqh”, this one comes with MQL5 and it makes it possible to create an instance from the class “CTrade” that will be called: “trade” and we are going to use it to open positions later on. Before we do that we calculate the Ask price and the Bid price that is done by using “SymbolInfoDouble” for the current symbol on the chart, “SYMBOL_ASK” will give us the Ask price and “SYMBOL_BID” will give us the Bid price.With “NormalizeDouble” and “_Digits” we automatically calculate the right number of digits because the current currency pair has 5 digits behind the dot but there are also other currency pairs with 3 digits behind the dot.Now we need a signal variable that will be a string variable so it can contain text later on right now we don’t assign any values because we need to calculate them later on.With “MqlRates” we create a price information array (PriceInformation), that function here stores the information about the prices, the volumes and the spread.Now we sort the array from the current candle downwards by using “ArraySetAsSeries” and with “CopyRates” we fill it for the current symbol and the currently selected period on the chart from candle 0 (zero) for 3 candles and we store the data in our price information array (PriceInformation).Let’s create another array called: “PriceArray” that one will hold the data for our Oscillator, so let’s use the integrated “iAO” function of MQL5 to define the Awesome Oscillator Indicator for the current symbol and the current period on the chart. This array (PriceArray) also needs to be sorted from the current candle downwards so we use “ArraySetAsSeries” for this one and now we use “CopyBuffer” to fill our price array (PriceArray) for the first buffer – that’s the line here – from the current candle 0 (zero) for 3 candles and store the information for the Expert Advisor in our price array (PriceArray).And to calculate the Expert Advisor for the current candle we simply look at the value of candle 0 (zero) in our price array (PriceArray), we also use “NormalizeDouble” and a 6 to get six digits behind the dot like here and the result will be stored in the Awesome Oscillator value (AwesomeOscillatorValue) and if that value is above 0 (zero) we consider that to be a buy signal and now we assign the word: “buy” to our signal.Otherwise if the value (AwesomeOscillatorValue) is below 0 (zero), so if the Awesome Oscillator value (AwesomeOscillatorValue) is less than 0 (zero) we assign the word: “sell” to our signal and if the signal equals sell and “PositionsTotal” is below 1 – in other words we don’t have any open position – we use “trade.Sell” to sell 10 micro lot.Otherwise if the signal equals buy and we have no open positions we use “trade.Buy” to buy 10 micro lot.The last thing is to create a chart output by using the “Comment” function to output the text: “The current signal is:” and the calculated “signal” directly on our chart.Okay, if you’re done you can click on the “Compile” button here or press F7, that should work without any errors and in that case you can click on the little button here or press F4 to go back to Metatrader and in Metatrader we click on: “View/ Strategy Tester” or press CTRL and R, please select the new file: “SimpleAwesomeStandaloneEA”, let’s also mark the visualization option here and start a test.…and here we are, our Expert Advisor is working, actually we have opened the first automated trade and now you know how to code the Awesome Oscillator Standalone Expert Advisor and you have coded it yourself with a few lines of MQL5 code.The post MQL5 TUTORIAL – SIMPLE AWESOME STANDALONE EXPERT ADVISOR appeared first on MQL5 Tutorial.
...more February 25, 2024MQL5 TUTORIAL – SIMPLE SAR STANDALONE EXPERT ADVISOR In this video we are going to create a standalone Expert Advisor that is actually able to trade the Parabolic SAR Indicator.
This is a very nice Indicator, you can see the dots above and below the price and whenever the direction changes here you will see that we have a buy or a sell signal. The signal output will be in the left upper corner here; this Expert Advisor will be able to automatically trade the signal. We have already an open position here and now we want to find out how we can code such a standalone Expert Advisor in MQL5.To do that please click on the little button here or press F4 on your keyboard and now you should see the Metaeditor window and here you want to click on: “File/ New/ Expert Advisor (template)” from template, “Continue”, I will call this version: “SimpleSARStandaloneEA” (Expert Advisor), click on: “Continue”, “Continue” and “Finish”.Now we delete everything that is above the “OnTick” function and let’s also remove the two comment lines here.We start by importing the file: “Trade.mqh” that will enable us to create an instance of “CTrade” that will be called: “trade” and we use it later on to open the positions.Inside the “OnTick” function we create a price array (PriceArray) that is done by using the “MqlRates” function that is included in MQL5, now we use “ArraySetAsSeries” to sort our price array (PriceArray) from the current candle downwards and with “CopyRates” we fill it for the current symbol on the chart and a currently selected period, we start with the current candle 0 (zero) and we copy price data for 3 candles and store it in our price array (PriceArray).We also need to create a string for the signal, that variable will be also called: “signal” and we don’t assign a value here because we are going to calculate that later on.First we need to get the Ask and the Bid price, that can be done by using “SymbolInfoDouble” for the current symbol, we use “SYMBOL_ASK” to get the Ask price and “SYMBOL_BID” to get the Bid price, and with “NormalizeDouble” and “_Digits“ we calculate the number of digits behind the dot – you see that this currency pair has 3 digits while other currency pairs may have 5 digits – and if you mark “_Digits“ and press F1 you will see that the “_Digits“ variable stores the number of digits after the decimal point.Let’s create another array for our SAR Indicator that will be called my SAR array (mySARArray), it’s a double array so it can hold floating type values and by using a “iSAR” we create an SAR definition (SARDefinition) for the symbol on the chart and the currently selected period. Now you might ask yourself; what these two parameters are?Well, if you click on “Insert/ Indicators/ Trend/ Parabolic SAR” you will see that we have a step value of: 0.02 and a max value of: 0.2, that’s exactly what we are using here.Now it’s time to sort the SAR array (mySARArray) with “ArraySetAsSeries” and we use “CopyBuffer” one more time to fill our SAR array (mySARArray) for the first buffer – that’s the one that is used for the dots here – from the current candle 0 (zero) for 3 candles and store the values in our SAR array (mySARArray). Now we are able to calculate the value for the last candle, I will call it: “LastSARValue”, I use ”NormalizeDouble” here and a 5 because when you pause the Strategy Tester and hold your mouse above one of these dots you will see that we have 5 digits behind the dot of the value – that’s what “NormalizeDouble” does; if I would use “NormalizeDouble” and a 4 we would have 4 digits behind the dot – and we get the value for the last candle by looking at candle 1 in our SAR array (mySARArray).We actually do the same here, this time for candle 2 – that’s the candle before the last candle – so I call it: “NextToLastSARValue” and whenever the “LastSARValue” is below the lowest price of candle 1 – or in other words; whenever the dots are below the candles – and if the “NextToLastSARValue” was greater than the highest price for the candle before that would be a buy signal so we assign the word: “buy” to our signal.Otherwise if the “LastSARValue” was above candle 1 and the value was below the candles before that would be a sell signal and now we would assign the word: “sell” to our signal. And if our signal equals sell and “PositionsTotal” is below 1 – in other words we have no open positions – we use “trade.Sell” to sell 10 micro lot, otherwise if the signal equals buy and we have no open positions we would use “trade.Buy” to buy 10 micro lot.Finally we create a chart output here, we use the “Comment” function to output the words: “The current signal is:” followed by our calculated “signal”.Okay. That’s it. Please click on the “Compile” button or press F7, you should get no errors and no warnings here and in that case we can click here or press F4 to go back to Metatrader.In Metatrader we click on: “View/ Strategy Tester” or press CTRL and R, please select the file: “SimpleSARStandaloneEA.ex5”, mark the visualization option here and start a test.…and here we are! Our Expert Advisor is actually trading, this is our first position and in this little video you have learned how to create a standalone Expert Advisor that is actually trading the SAR Indicator and you have coded it yourself with a few lines of MQL5 code.Download “MQL5 TUTORIAL - SIMPLE SAR STANDALONE EXPERT ADVISOR” SimpleSARStandaloneEA.txt – Downloaded 383 times – 2.34 KBThe post MQL5 TUTORIAL – SIMPLE SAR STANDALONE EXPERT ADVISOR appeared first on MQL5 Tutorial.
...more February 18, 2024MQL5 TUTORIAL – SIMPLE ICCI EXPERT ADVISOR In this video we are taking a look at the ICCI Indicator, that’s the Commodity Channel Index Indicator.
You can see that this signal here is creating buy and sell signals and whenever the blue line here is above the upper dotted line that would be a sell signal, in the other case if the blue line here is below the lower dotted line that would be a buy signal.Now, how can we create an Expert Advisor that is able to calculate the Commodity Channel Index Indicator?To do that please click on the little button here or press F4 on your keyboard and now you should see the Metaeditor window and here you want to click on “File/ New/ Expert Advisor (template)” from template, “Continue”, I will call this one: “SimpleCommodityChannelIndex”, click on “Continue”, “Continue” and “Finish” and now you can delete everything that is above the “OnTick” function and let’s also delete the two comment lines here.Here we need to create a string for the signal that will be also called: “signal” but we don’t assign any value here.We also need to create an array for the price data that will be called: “myPriceArray”, it’s a double array so it can hold floating type values and now we define the ICCI Expert Advisor by using the “iCCI” function that is built in into MQL5, it uses a few parameters; the first one is for the current chart – we use “_Symbol” to get the current currency pair on the chart and “_Period” to get the currently selected period. Right now we are trading the 1-minute chart but another period could be 30 or 60 minutes, the third parameter is the number of the candles. We use 14 candles and if you click on: “Insert/ Indicators/ Custom/ CCI/ Inputs” you would see a period of 14 candles is the default value. When I click on “OK” that’s what we see within the round brackets here, let’s right-click and select “Properties”, go to the “Parameters” tab until you see that we use a typical price and in MQL5 that’s “PRICE_TYPICAL” for the last parameter and now that we have defined the ICCI we want to use “ArraySetAsSeries” to store the price data from the current candle downwards for our price array (myPriceArray) we have created here and with “CopyBuffer” we fill our price array (myPriceArray) according to our “ICCIDefinition” for buffer 0 from the current candle 0 and for 3 candles and to get the ICCI value (ICCIValue) we just need to have a look at candle 0 in our price array (myPriceArray) and we assign the result to the variable ICCI value (ICCIValue) and whenever the ICCI value (ICCIValue) is greater than 100 that would be considered to be a sell signal so we assign the word: “sell” to our signal.In the other case if the ICCI value (ICCIValue) is below -100 that would be a buy signal so we assign the word: “buy” to our signal.Now let’s make that a capital and in the last step we want to create an output on the chart that will output the word “Signal:” followed by the calculated signal.Please don’t forget the closing bracket. I will enable the toolbar so now I can click on the “Compile” button here or press F7 on the keyboard to compile the code. We have one warning here because we used the float value here, usually that would be a double value so let’s correct that, press F7 and now the warning is gone, it doesn’t really make a difference because we use the ICCI value (ICCIValue) to find out if something is above 100 or below -100, you can store a lot of digits behind the dot in double value but that’s not very helpful if you just want to find out if something is above plus or below minus 100.Okay, if you could compile your code without any errors you could now click on the little button here or press F4 on your keyboard to go back to Metatrader.In Metatrader you want to click on “View/ Strategy Tester” or press CTRL and R on your keyboard and here in a Strategy Tester please select the “SimpleCommodityChannelIndex.ex5” file, mark the visualization option here and start your test and here’s our little Expert Advisor at work it creates outputs for buy and sell signals on your chart and now you know how you can code it and you have coded it yourself with a few lines of MQL5 code.Download “MQL5 TUTORIAL - SIMPLE COMMODITY CHANNEL INDEX” SimpleICCI.txt – Downloaded 361 times – 911.00 BThe post MQL5 TUTORIAL – SIMPLE ICCI EXPERT ADVISOR appeared first on MQL5 Tutorial.
...more February 11, 2024MQL5 Tutorial – Simple Adaptive Moving Average Robot Okay, this time we are talking about an Adaptive Moving Average Indicator.
It was created (I think) by Perry Kaufman and you can use it to find entries or exits like you could with a simple moving average.Now if that is almost the same, why should we prefer to use an Adaptive Moving Average?Well Perry J. Kaufmann created this fascinating formula here for a reason. The Adaptive Moving Average has less lagging and generates less false signals. Let’s see if that is true.Now how can we create an Adaptive Moving Average Expert Advisor for Meta Trader 5?First please click on the little button here, that should bring up the MetaEditor.And here you want to select File, New, Expert Advisor from template, Continue and we will call that Simple Adaptive Moving Average.Now click on Continue, Continue, finish, and you can remove everything above the Ontick function here and I will also delete the two comment lines.So let’s create an array that will hold our prices, I will call it my price array and it is a double array because double and float variables can hold floating point types.And the adaptive moving average has six digits behind the dot and now we want to use the integrated MQL5 function iAMA for the current symbol on the chart and the current period, we want to calculate our prices based on the last nine candles.The Fast Moving Average has a value of two because if you Insert, Indicators, Trend, Adaptive Moving Average, you will see the values here, these are the nine candles.The fast EMA, that’s an Exponential Moving Average, is calculated for two candles and the slow EMA is calculated for thirty candles.And we do not need any shift, so we will use the exact same values here: nine candles, two candles for the fast EMA, thirty candles for the slow EMA.Zero for no shift and I would like to have the values calculated based on the close prices because the close price is also the default setting here.Okay let’s move on and sort the price array from the current candle downwards by using the array set as Series function for the price array we have created here.And now we want to fill it with data, that is done by using Copy Buffer for the Defined Moving Average, that’s the Adaptive Moving Average Definition we have created in this line.We just need one line, that’s the zero here, and we want to copy values from the current candle that’s candle zero for three candles that’s the three here, and we want to store the results in our price array.And now what we have done that, we want to get the value of the current candle, that’s candles zero of our price array and we use the normalized double function to get six digits behind the dot and the calculated value should be stored in a variable that is called Adaptive Moving Average Value.And the last step is to create a chart output by using the comment function.It will output the text AMA value and the calculated value for the Adaptive Moving Average Value we have extracted here.Okay that’s it, now please click the Compile bottom and you should get no errors and no warnings here so now you can click the button or hit the F4 key to go back to MetaTrader.And in MetaTrader you want to click on View, Strategy Tester, and in the Strategy Test panel you want to select the Simple Adaptive Moving Average.ex5 file.Select any currency pair you like and please make sure to enable the check mark for the visualisation option before you start your test.And here we go! if you move your mouse to the current value here, you’ll see that we have a value of 1.544031, that’s exactly what we have calculated here.And in your Expert Advisor you would now compare the value of the adaptive moving average to the current price.And if the price is above the moving average you would buy, and if the price is below the moving average you would sell.Okay now you can create an Expert Advisor that uses the Adaptive Moving Average Indicator to find out if you want to buy or if you want to sell and you have created it in less than five minutes with a few lines of MQL5 code.Download “MQL5 - Simple Adaptive Moving Average Robot” SimpleAdaptiveMovingAverage.txt – Downloaded 471 times – 762.00 BThe post MQL5 Tutorial – Simple Adaptive Moving Average Robot appeared first on MQL5 Tutorial.
...more February 03, 2024MQL5 Tutorial – Simple Force Index Trading Robot Okay this time we are talking about the Force Index Indicator.
It is a very simple indicator. It’s easy to read and also easy to code.If the indicator crosses the line in the middle from below and stays above the line, that could mean that we are bullish.And when it crosses the line from above and stays below the line like in this case, we have a bearish trend and we would like to sell.According to the website www.traderhq.com, this is also an indicator that was developed by Dr Alexander Elder, the author of the book: Trading for a Living.Okay now that we know how it works how can we create an Expert Advisor to use the indicator?The first step is to click the little button over here or hit the F4 key on your keyboard.That will start the Meter Editor and we want to click on File, New, Expert Advisor from template, Continue.We will call it Simple Force Index Robot. Now click on Continue, Continue, Finish, and delete everything above the Ontick function.These two comment lines are also no longer needed, because here we want to create an array, it shall holds several prices so it’s a double array and I will call it my price array.And now it’s time to define the Force Index definition by using the iForce function that is built-in into MQL 5.It takes some parameters, the first one is the current symbol on the chart, the second one is the period you have selected on your chart.The Force Index is calculated based on the last thirteen candles. You will also see it here in this little brackets.It is using the MODE_SMA that stands for Simple Moving Average and we want to use Tick volume.If you insert the indicator by clicking on Insert indicators, Oscillators, Force Index, you will see the exact same values here: thirteen candles, simple moving average based on the tick volume.Okay, let’s use the array set as series function that will sort the price array from the current candle downwards and now we use Copy Buffer for the Force Index definition we have created here.We need one line for the indicator that’s a zero here and we want to fill our array from the current candle that’s candle zero, for three candles that’s the three and store the result in our price array.And from our price array we are now going to extract the Force Index value for the current candle zero and we will use normalize double for six digits to get the six digits behind the point.And now we want to create a chart outputs depending on the value and if our Force Index value is above zero, we want to output the comment “trending upwards” directly on our chart and in the other case if the Force Index value is below zero, we want to have the text “trending downwards” on our chart.Okay, now please click on the little Compile button here or press the F7 key on your keyboard.That should compile your Expert Advisor without any errors or warnings here.And if that was going well please click on the button here or press F4 to go back to MetaTrader. Now in MetaTrader you want to click on View, Strategy Tester or press control and R.And in the Strategy Tester you want to select the Simple Force Index Robot.ex5 file.Let’s pick a currency pair here, enable the visualisation mode and click on Start and here we go.Now the indicator is below the line so it says trending downwards and as soon as the little indicator crosses the line from below, that changes to trending upwards.Okay, now you know how to create an Expert Advisor for Meta Trader5 that is using the Force Index Indicator and you have created it yourself in five minutes with a few lines of MQL5 code.Download “MQL5 - Simple Force Index Trading Robot from MQL5 Tutorial” SimpleForceIndexRobot.txt – Downloaded 385 times – 807.00 BThe post MQL5 Tutorial – Simple Force Index Trading Robot appeared first on MQL5 Tutorial.
...more January 14, 2024MQL5 TUTORIAL – SIMPLE CUSTOM TIME FUNCTION In this video we are going to talk about a simple custom time function that we have created in MQL5.
You see the output here on the chart, we have the date and we have the time including the seconds that is the local time that has been traded right here in the Strategy Tester and now we are going to find out how we can do a custom time function that is going to return the time and this readable format and to do that please click on the little button here or press F4 on your keyboard.Now you should see the Metaeditor and here you want to click on: “File/ New/ Expert Advisor (template)” from template, “Continue”, I will call this file: “SimpleCustomTimeFunction”, click on “Continue”, “Continue” and “Finish” and now you can delete everything above the “OnTick” function and the two comment lines here.Okay, that’s it.First we need to create a string variable for our custom time that will be called: “myTime” and it’s of the type string, so it can contain text and to calculate it we just want to call a custom function called: “GetTime” to calculate the time, so the value of “myTime” will be calculated in the function “GetTime” and when we click on the “Compile” button right now we will see that the “GetTime” function is not defined, so that’s what we are going to do now.To create a custom function you can use a return type, in our case we will use the string return type, because we are going to deliver the time as text. The name of the function is: “GetTime” as we are calling it here and we don’t have any parameters so let’s add two brackets here, we use a local string that will be called: time with seconds (TimeWithSeconds). Now we create a string for the time with seconds (TimeWithSeconds) that’s also a string type variable and the name will be: “TimeWithSeconds”.Here comes the interesting part; we calculate the time with seconds (TimeWithSeconds) for the local time and that is done by using “TIME_LOCAL”. If you mark “TIME_LOCAL” and press the F1 key you will see that it returns the local time of a computer where the client terminal is running, but it’s a datetime variable so we use “TimeToStr” to change it to a text and the function: “TimeToStr” (time to string) is converting a value containing time in seconds since the 1st of January in 1970 into a string in this format.We use “TIME_DATE” that will give us the year, the month and the day – that’s the first part here, this is the pipe sign, it separates the first from the second parameter, the second parameter is “TIME_SECONDS” and that will deliver us the local time including the seconds.Okay. In the last step we want to return the calculated time to the main function by using the “return” function for “TimeWithSeconds” so it will return the calculated value here and assign it to “myTime” and to see it on the chart we use the “Comment” function to create a chart output for the time and when you are done you can click on the “Compile” button here, that should work without any errors now and if that is the case you can click on the little button here to go back to Metatrader.In Metatrader you want to click on “View/ Strategy Tester” or press CTRL and R and now you should see the Strategy Tester here, please select the “SimpleCustomTimeFunction.ex5”, mark the visualization option here and start your test.We have the date and the time directly on the Forex Chart and now you know how to create an Expert Advisor to calculate the formatted time output on your chart and you have done it with a few lines of MQL5 code.Download “MQL5 TUTORIAL - SIMPLE CUSTOM TIME FUNCTION” SimpleCustomTimeFunction.txt – Downloaded 406 times – 598.00 BThe post MQL5 TUTORIAL – SIMPLE CUSTOM TIME FUNCTION appeared first on MQL5 Tutorial.
...more January 10, 2024MQL5 TUTORIAL – LIVE TRADING EXPERIMENT 2024 – LIVE UPDATES AND A LIVE PROFIT DOCUMENTED 20240101: DOWNLOAD 28 result videos for this system https://bit.ly/41OIpzK 20240101: README Documentation (updated often): https://bit.ly/41FPceY 20240102: System Download for Demo accounts: https://bit.ly/3H3diqt 20240103: Account Setup: https://youtu.be/qtCXQI3XL_4 20240104: Trading System Import: https://youtu.be/4AWpxGKVS4A 20240105: First Account Profit: https://youtu.be/BqXaoGyy3QU 20240106: Setup MX Linux server in 5 minutes: https://youtu.be/JVZoYn2w6Yw 20240107: Setup Metatrader on Linux in 3 minutes: https://youtu.be/DTkOQKW3HT4 20240109: Live Updates Live Profit: https://youtu.be/BCnttK7d4HI In this video, I want to talk about how I got my advanced statistics to run. Actually, I had to change the account to Robo Forex and use a demo account there because what I didn’t know was that FXblue is not able to provide statistics for MetaQuotes demo accounts because they simply do not have the MetaQuotes company in their list. So when you pick a broker, you need to pick one that’s in their list, and MetaQuotes is not part of that. Yes, I could write to the support to add MetaQuotes, but I guess for this experiment, it’s more useful to use an account that actually is included. And for Robo Forex, they support demo accounts. I have to admit that advanced statistics for Robo Forex have been a pretty standard for me and my clients in the last few years. If you don’t know, I’m offering a premium course about MQL5 programming, and that is also where a lot of people use the same Robo Forex account settings that I use. So I actually didn’t know that MetaQuotes wasn’t in the brokers list. And I switched to this account, and that means that we had to start over with $100,000. So right now, we have made a profit of $71, and I guess in the next hour or so, we will make a few more trades. But the crazy thing is, I actually tried to use this account sync option. They say that it works for MetaTrader 4 and MetaTrader 5, but it wasn’t running on Linux and it wasn’t performing. So I thought, okay, I need to download this publisher app here, and I did. So the version I picked was this one for MetaTrader 5. You can download it for free and you will get a zip file. And when you open that zip file with Linux, you will find there is a publisher ex5 file inside. I had to extract that. Now, let’s go back to the trading terminal and click on File, Open Data folder, MQL5 experts. And here is that FX Blue publisher ex5 file. I then opened a new chart, and here is the ExpertAdvisor that you can drag onto the chart. I’m not going to replace it right now because it’s already working. You can see that the last synchronization was today at about 20 minutes past 5. Let’s open the FX Blue statement. This is the correct account number. It says that we have a history of eight days, which is true because the account is eight days old, but I started to use it yesterday. I can now refresh the state, and it says we have an open loss of $23 and a profit of $71. So let’s go back to MetaTrader and check. Yes, that’s about what is happening right now. And you can see that we have a profit here. So I expect my system to close both trades in the next few minutes because it’s configured in a way that when a new candle appears on the chart and the profit is higher than what I have defined, it should close both trades and lock in the account-based profit. This is the current candle. Currently, I’m using the hourly candles, so let’s switch to one minute. And I think that it will only take a few seconds until we see that this trade is closed, at least until the profit value drops. But with the lot size of 0.86 lots, it’s just a question of a few seconds before the profit value is reached again. Here is the new candle, but the profit is below $10, so let’s wait for the next one. And here we are. We have closed closed the trade. Now, let’s go back to the hourly chart. It already opened a new one. Now, the balance is $100,101. The history has changed....more January 03, 2024MQL5 TUTORIAL – LIVE TRADING EXPERIMENT 2024 – SYSTEM DOWNLOAD AVAILABLE (below) 20240101: DOWNLOAD 28 result videos for this system
20240101: README Documentation (updated often):
20240102: System Download for Demo accounts:
Okay, let’s start from the beginning. The trading experiment we’re conducting in 2024 is different from anything I’ve done before. A few weeks ago, I was pretty sick and was lying in bed, watching movies on Netflix all day. These included movies with commercials, and one ad I kept being shown was about a woman getting face cream for Christmas. She also demonstrated how to use the cream with pineapple to improve her skin. This didn’t interest me at all, and even if I was shown this ad a thousand times, I would never use face cream with pineapple.
Why am I telling you this? It’s about relevance! If I offer something that is irrelevant, nobody will want to buy it. It’s the same with pineapple face cream. It doesn’t matter how hard I try to convince someone if it’s just not relevant. I don’t think it matters what advertising technology is used. If something doesn’t interest me, there’s little anyone can do about it, no matter how appealing the advertising is. As a rule, I look for solutions that bring me more benefit than cost – popularly known as a bargain. In other words, you get something of value for less than you would be prepared to pay. That’s why we’re doing something different this year. I think a lot of companies are at an impasse right now because they’re trying to convince everyone on the planet to buy their products and everyone is trying to get louder and louder. I myself am not a fan of being ripped off and have never made a big show of how and what I do in trading.
I know that many people in this field wave big wads of cash from a skyscraper in Dubai or loll around on their Ferrari, but I believe that most potential clients quickly see through such dubious strategies. So I spent a long time looking for a way to offer something that I would buy myself, in an unobtrusive way that could convince people like me. I found Frank Kern, who teaches a strategy that I really like. It is described as the oldest trick in his books and is about really helping someone to convince them that you can help them. When it comes to automated trading, that’s pretty easy and that’s why we’re using a demo account now and will be trading with a demo system to get better results in 2024. I believe that you are interested in better results, and I know from the last ten years that 10 to 15 percent of the people who watch these videos are interested in buying the right solution. That doesn’t mean you have to buy it yourself, but I believe that probabilities are the key to success.
Knowing my numbers, it is very likely that 10 to 15 percent of viewers will spend money with me later because they are convinced that what I am offering is exactly the solution they were looking for. That’s why the Robot Trading System is now available as a free download for demo accounts. You can find the link below this video. In the next videos we will look at how to set up this system in Meta Trader to achieve good results in the long term. Anyway, I believe that you should trade the first weeks or months on a demo account, and after that you can use the system on a so-called cent account. So this strategy fits well. And I think it can help you and me to achieve better results in 2024. Okay, that’s it for this video. I’ll see you in the next one, and thank you for watching.
The post MQL5 TUTORIAL – LIVE TRADING EXPERIMENT 2024 – SYSTEM DOWNLOAD AVAILABLE (below) appeared first on MQL5 Tutorial.
...more January 02, 2024MQL5 TUTORIAL – JOIN THE GREAT TRADING EXPERIMENT 2024 20240101: DOWNLOAD 28 result videos for this system
20240101: README Documentation (updated often):
20240102: System Download for Demo accounts:
This video is about a big trading experiment that I would like to do together with you. Today is January 1, 2024, it’s just before 4 pm and I’ve spent the day today running strategy tests for all the major currency pairs that I trade myself for this system here, trading through the entire year of 2023. And I will also make these videos available for you to watch for yourself. But the big experiment here is that I would like to use the year 2024 together with people like you to make this system better. That’s why I’m now offering a version of the Robot Trading System that runs indefinitely on a demo account from January 2024.
This means that if you use a demo account, you can do everything that I do myself. I will also initially trade this system on a demo account, and it will be about how you can set up, adjust and improve such a system over the course of the year so that you get a decent result at the end of the year. We will also discuss and share some other things that might help you, even if you haven’t had anything to do with automated trading before or if you want to have a look at the whole thing first if you are interested in joining in. You don’t need any prior knowledge, you don’t need any capital. All you need is a computer that has been manufactured in the last ten years. You need a demo account. You can get that for free from Metaquotes or other companies and you need to do strategy tests like this here with Metatrader five, which you can also download for free. This time we would have made a net profit of €1,642 on an account with a deposit of €10,000. And why are we doing all this on a demo account? Well, there are few people who are actually willing and ready to invest time in real trading results on a demo account before trading real money with a real money account. And in almost every trading session there are always dips like this. And that leads people to close their account at exactly this point.
Because that’s where the fear is greatest. But you don’t have to be afraid on a demo account. And as soon as you feel that the system works well enough for you, you can switch at any time. But we have already done experiments like this in the past and I would like to start 2024 in the same way. Because I believe that nothing can replace the knowledge you have gained yourself. And in this case, I think you have little to lose and a lot to gain. That’s it for this opening video. I wish you a happy new year and in the next few days you will receive more information, new videos and also the download link to the version of this system that you can then use for free on your own demo account. If you are already an existing customer, I have activated a few more parameters for the Robot Trading System here. This means that the system can now be controlled more precisely. And if you like the results here, I’ll see you in the next video. Thank you very much for watching. And we’ll continue in the next video.
The post MQL5 TUTORIAL – JOIN THE GREAT TRADING EXPERIMENT 2024 appeared first on MQL5 Tutorial.
...more December 29, 2023MQL5 Tutorial – Simple MQL5 New Candle Robot - Introduction to Counting New Candles on the Chart (00:00 – 00:17) Discussing the usefulness of counting new candles on a chart and showing the output of four candles since the start of the expert advisor.
- Importance of Candle Counting in Automated Trading (00:17 – 00:36) Explaining why counting candles is important in automated trading, especially when trading multiple positions and currency pairs.
- Resource Management and Avoiding Computer Crashes (00:36 – 01:17) Highlighting the importance of resource management to avoid computer crashes, especially during fast market movements.
- Creating a Simple Expert Advisor for New Candle Detection (01:17 – 01:57) Demonstrating how to create a simple expert advisor in MetaTrader to detect new candles.
- Setting Up Price Array and Sorting for Candle Data (01:57 – 02:20) Instructions on setting up a price array and sorting it to hold price data for candle detection.
- Filling the Array with Price Data and Counting New Candles (02:20 – 02:59) Steps to fill the array with price data and use it to count the number of new candles since the last start of the expert advisor.
- Creating Timestamp Variables for Candle Time Tracking (02:59 – 03:42) Creating date/time variables to track the timestamp of the current and last checked candles.
- Updating Candle Counter and Displaying Output on Chart (03:42 – 04:36) Updating the candle counter when a new candle is detected and displaying the output on the chart.
Sometimes it is helpful to count the new candles on the chart.
The output in the left upper corner on the chart says we had four candles since we started this Expert Advisor,.One, two, three, four, this is the fifth one.Now you might ask yourself why is this important?Well an Expert Advisor can trade several positions on a chart, and you also can trade several currency pairs and every single candle on the chart can have lots of different price moves.And every time a price changes the OnTick function will be triggered but a lot of trading strategies use close prices.So instead of maybe fifteen calculations within this candle, you would only need one calculation for the close price.Even a high tech computer may have a resource problem, if you try to calculate several dozen trades on several dozen charts because when the market starts to move really fast your computer might be overwhelmed and it may cause a crash.So if you want to avoid computer crashes, it’s a good idea to save resources.To do that you can simply check if a new candle is created and now we will create a simple little Expert Advisor to do that.So let’s click the little button over here or hit the F4 key to bring up the Meta Editor.Select File, new Expert Advisor from template, continue, and we will give it the name Simple New Candle.Now click on continue, continue, finish, and remove everything above the OnTick function.Let’s delete the two comment lines here. Okay now the first thing we need is the price array to hold our price data.So let’s create that, that can be done with MQLRates and we will call a price data.Now we want to sort our array from the current candle downwards with arraysetasseries and in the next step we need to fill it with data.That is done by using copyrates for the current currency pair on the chart and the current selected period.For example I prefer a one minute charts, we want to start with the current candle zero, and copy the price for three candles into our little array price data.To count the number of new candles since the last start of the Expert Advisor, we need a new candle counter.This candle counter will be an integer and it will be static, that means it will never lose its value even if we would like to leave the function.Okay let’s move on, now we are creating datetime variable that will hold a time stamp; this one will hold the time stamp for the last time we checked and it is also static so it will never lose its value.And for the current candle we need another datetime variable and that will be called time stamp current candle and we will fill it by getting the time value of the current candle from our price data array.And if the time stamp for the current candle is different from the timestamp the last time we checked, we want to remember the current timestamp for the next time by assigning it to the timestamp last check variable.Now we want to add the value one to our current candle counter and the last thing we need us the output on the chart.So let’s compile the little Expert Advisor here and we have zero errors and zero warnings.So let’s hit the F4 key or click this button to go back to MetaTrader, select View Strategy Test or hit the control and the R key. Look out for the simple new candle.ex5 file.Mark the visualization option and click on start.And now you should see your candles on the chart being counted and that can be done very fast and you did it in five minutes by creating this little Expert Advisor here.Download “MQL5 Simple New Candle Expert Advisor from MQL5 Tutorial” SimpleNewCandle.txt – Downloaded 504 times – 1.11 KBThe post MQL5 Tutorial – Simple MQL5 New Candle Robot appeared first on MQL5 Tutorial.
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