MQL5.community @mql5com

Discover the groundbreaking exploration of markets through the lens of 3D bars, transcending traditional analysis by constructing a tensor model that integrates price, volume, and time. This innovative approach reveals powerful predictive patterns heralding trend reversals with…

Implementing code to draw triangles on a chart assists in detecting harmonic patterns and visually plotting them. This technique can be extended to include the plotting of rhombuses and parallelograms, providing additional flexibility in geometric representation. Utilizing these…

The article explores the implementation of a trading strategy using the Momentum indicator within MetaTrader 5. Momentum, an important tool for traders, measures price velocity, aiding in identifying trend strength and direction. The article outlines the calculation methods for…

Automated trading systems often leverage strategies like the average crossover to identify potential entry and exit points in the market. This technique involves monitoring the interaction between moving averages, typically a short-term and a long-term average, to generate buy or…

Explore the practical implementation of the MVC pattern in MetaTrader 5, focusing on the separation of code into Model, View, and Controller components. The article introduces the Model as the decision-making core, processing input data and maintaining independence from frequent…

Logify is a logging library tailored for MQL, facilitating efficient debugging, tracking, and monitoring in expert advisors (EAs) and indicators. It delivers structured and customizable logs either directly on the chart or within the terminal, supporting varied log levels such as…

The financial markets rely heavily on understanding what lies beneath price charts. Order books reveal the realities of buy and sell pressures, impacting price movements. Retail traders often lack access to these insights due to platform limitations, generally relying on…

Explore the world of algorithmic optimization with the Black Hole Algorithm (BHA), inspired by the cosmic phenomena of black holes. This algorithm excels by attracting optimal solutions while discarding less effective ones, providing robust solutions for complex function…

Enhance analytical strategies with the Moving Average (MA) crossover indicator. This tool precisely identifies potential buy and sell signals by observing the intersection of different moving averages. Typically, a short-term MA crossing above a long-term MA signifies a buying…

The article delves into developing a communication protocol to enhance MetaTrader 5’s Chart Trade indicator, enabling it to instruct an Expert Advisor (EA) for market actions. The challenge lies in the platform's restriction where indicators can't manage orders directly. The key…

Explore the advanced components of the MASA architecture—a multi-agent system designed for optimizing investment portfolios using reinforcement learning. The framework's innovative approach integrates three distinct agents: a reinforcement learning agent for maximizing returns, a…

Presenting an advanced approach for handling candle data in indicators with a focus on high tolerances. This technique leverages the highs of two consecutive candles to establish a tolerance level. It is particularly useful for traders and analysts looking to fine-tune their…

The article dives into enhancing MetaTrader 5 library classes for improved graphical object handling. Enhancements include adding new enumeration constants for symbol properties, implementing interaction properties in form objects, and refining mouse event handling. These…

A new indicator has been developed for MT5 that generates trade server disconnect alerts through multiple channels: pop-ups, sounds, push notifications, email, and chart label text. Additionally, it offers printing to the Experts tab. Users are advised that if ExpertsTab is…

Dive into the essential metrics for evaluating trading strategies: the Sharpe and Sortino ratios. The Sharpe ratio, developed by Nobel laureate William F. Sharpe, offers a robust measure to compare investment portfolios by calculating returns over risk using basic financial…

A CopyTrader bot is implemented with a focus on reliability and effective signal management. Initialization occurs via OnInit(), setting up an SQLite database, "CopyTrader.sqlite", with crucial tables like 'signals' for active signals and 'signals_history' for past data. During…

The article discusses the development of a Gartley Pattern system using MQL5, which detects bullish and bearish harmonic trading patterns in financial markets. The system leverages specific Fibonacci retracements to identify high-probability reversal zones through pivot points.…

Learn how Monte Carlo simulations can optimize trading strategies for MetaTrader 5 by identifying the minimum risk percentage necessary to achieve predefined profit targets. By examining systems with varying win-rates and reward-to-risk ratios, traders can determine the…

Candlestick patterns, rooted in 18th-century Japanese trading, offer insights into market psychology via price actions like open, high, low, and close. Patterns such as Three Black Crows or Doji provide signals on supply and demand dynamics, aiding in detecting reversals or…

A newly developed lightweight tool is now available for manual scalping in MT5, enhancing trading efficiency through keyboard shortcuts. It offers functionalities such as "1" for Buy, "2" for Close, "3" for Sell, and "5" for Break Even. Users can configure daily max loss,…