System Trading - MetaTrader5 (Page 10)

Mastering Money Management with a Powerful EA for MetaTrader 5

If you're looking to take your trading game to the next level, this EA is a game changer. It calculates your current account balance and, based on your chosen risk and profit percentages, it can automatically close trades—whether you're in profit or at a loss. This tool is a must-have for traders who prefer this method of managing their positions effectively. Important Note! In the P_pro version, I included a line of code that opens only one sell position at a time. This was just to showcase how the EA operates. However, I've removed this feature in the Money Management MQ5 version to enhance its functionality. If you run into any bugs or issues, please don’t hesitate to reach out!

2023.04.17

MetaTrader5

How to Display Trade History on Charts in MetaTrader 5

Hey fellow traders! If you've ever wanted to visualize your trade history directly on your charts in MetaTrader 5, you’re in the right place. Let’s dive into how to make this happen with a simple Expert Advisor (EA) setup.Step-by-Step Guide First things first, grab your trade history files in .csv format. You’ll want to place these files in your ..\MQL5iles folder. Make sure to remember the name of your file! To avoid any discrepancies due to time zone differences, it's best to use the same broker's MetaTrader 5 platform. This way, you’ll get the most accurate results. Next, run the Expert Advisor on each chart you want to analyze and enter the filename (e.g., filename.csv) in the EA’s input field. When it comes to signaling your trades, blue arrows and trend lines will indicate buy signals, while sell signals will be marked with red arrows and trend lines. Once you're done, you can remove the EA, and all the objects (arrows and trend lines) will disappear from your charts. This EA has been tested on both forex and gold charts, so you know it’s reliable!

2023.04.14

MetaTrader5

Streamline Your Trading with MoveStoploss for MetaTrader 5

If you’re a trader juggling multiple positions, you know how tricky it can be to keep an eye on stop losses as your trades unfold. It’s a real headache, right? That’s where MoveStoploss comes to the rescue. This nifty tool lets you take charge of your trading strategy like never before. With MoveStoploss, you can easily monitor any manual trade and set a trailing stop at a distance that suits your style or one determined by your EA. This flexibility means you can adapt to the ever-changing market conditions without breaking a sweat. Whether you’re trading currencies, commodities, cryptocurrencies, or stocks, MoveStoploss is compatible with all time frames. It’s a versatile tool that’s beneficial for traders at any level. Plus, with the Auto Trail feature, your EA will manage the trailing stop for you, allowing you to focus on other important aspects of your trading strategy. Need to take the reins? Just set Auto Trail to false and enter your desired distance. Don’t let the stress of manual stop loss adjustments weigh you down. Automate the process with MoveStoploss and take control of your trades like a pro!

2023.04.12

MetaTrader4

Master Your Trades with MoveStopLoss for MetaTrader 4

Hey fellow traders! If you're like many of us who are often juggling multiple open positions, you understand just how stressful it can be to keep adjusting your stop losses as trades unfold. But fear not, because MoveStopLoss is here to revolutionize the way you manage your trades! This powerful tool empowers you to monitor any manual trade and trail it at a distance you specify or let the Expert Advisor (EA) handle it for you. This means you can easily adapt to the ever-changing market conditions without losing your mind in the process. Whether you're trading currencies, commodities, cryptocurrencies, or stocks, MoveStopLoss works seamlessly across all time frames. It’s a versatile companion for traders of every level. And let’s not forget the fantastic Auto Trail feature—it allows the EA to automatically trail your trade at a set distance. This gives you the freedom to focus on other critical aspects of your trading strategy. But if you prefer to take the reins, simply switch the Auto Trail off and input your desired distance manually. No more manual stop loss adjustments slowing you down or adding stress to your trading game! So why wait? With MoveStopLoss, you can automate your stop loss adjustments and take control of your trading like never before. And the best part? It’s completely FREE TO DOWNLOAD!

2023.04.12

MetaTrader4

Maximize Your Trading Efficiency with the Risk Manager EA for MetaTrader 4

As traders, we know that doing our own technical analysis (TA) is key to unlocking the best results. With the Risk Manager EA, you get to choose the direction for your trades—whether you're going long or short. Just a heads up, hedging won't be an option here, but the EA will patiently wait for the right setup to execute your trades. The Level and Length settings correspond to the depth and duration of pullbacks. If you set a longer Length, the EA will scale in more aggressively, while larger Levels mean it will search for deeper pullbacks to optimize your entries. Close PL is the maximum floating profit/loss before the EA decides to close all open positions. Profit and Risk Limit are essential parameters to define how much profit or risk you're willing to take on a specific signal. Make sure to set these wisely! Capital Parameter will default to your account balance at the moment you attach the EA. If you're currently sitting on any floating losses or profits, you might want to adjust this. Setting it to 0 assumes you're starting fresh with your initial balance. Keep in mind, if you're trading multiple currency pairs, the hedging function won't be activated. If you want to use the hedging feature, ensure you disable the Multipair trading option when focusing on just one pair. The hedging function kicks in once your specified hedge level is reached, which represents the remaining percentage of risk. Lastly, the Maxsize parameter indicates the largest position the EA will scale into, while Layers represents how many smaller positions you want to spread that Maxsize across. For example, if you're looking to buy 1 lot and want to scale in 10 times, simply set Maxsize to 1 and Layers to 10.

2023.04.08

MetaTrader5

Understanding Fractal Prices for MetaTrader 5: A Trader's Guide

What Are Fractal Prices? Fractal prices are a powerful tool in your trading arsenal, especially when you're looking to identify breaks in market structure. This snippet of code is designed to help you pinpoint the latest fractal price value and display the results right on your charts. Current Limitations Just a heads up, this tool currently only works for fractal highs. If you were hoping to track fractal lows, that feature isn’t available yet. Your Feedback Matters! If you come across any bugs while using this code or have suggestions for improvements, please don’t hesitate to reach out. Your insights can help make this tool even better for all of us traders! Identify fractal highs with ease Enhance your market structure analysis Get involved: share your feedback!

2023.04.06

MetaTrader5

Unlock Trading Success with EA Frame for MetaTrader 5

Welcome to the world of automated trading! Today, let's dive into EA Frame, a game-changing tool for MetaTrader 5 that can take your trading to the next level. EA Frame comes packed with a powerful moving average group, featuring six moving averages on both the W1 and current periods. This setup is a fantastic way to visualize market trends and make informed decisions. So, what’s the deal with the MA group? Think of it as having multiple moving averages displayed in a double-dimensional array. One standout feature is the MA_Direction function, which lets you know if the moving averages are trending in the same direction over a set number of bars. Trust me, it performs like a charm! With the beauty of object-oriented programming, you can easily blend different trading strategies into one seamless system. Each strategy can be represented as a separate object, making it a breeze to manage. Of course, effective order management is a must. EA Frame allows you to handle each order based on its specific comment, ensuring that various strategies can work together harmoniously. And hey, don’t forget to keep an eye on my signals! They can provide you with the insights you need to sharpen your trading edge.

2023.03.24

MetaTrader4

Maximize Your ETH Trading with This Powerful MetaTrader 4 EA

Discover the Ultimate Crypto EA for ETH/USDHey fellow traders! If you're like me, juggling trades while managing life can be a real challenge. I used to miss out on key ETH/USD signals, especially during those late-night hours or when I was out grabbing a bite. That’s when I decided to take matters into my own hands by launching this expert advisor on a VPS. Now, I'm always on top of my signals, and I never miss an entry! My strategy is pretty straightforward: I watch for price action touching the 200-period Bollinger Bands to determine the trend. From there, I execute trades on the breakout of the 55-period Weighted Moving Average (WMA) and use the same Bollinger Bands for trailing. Trading Timeframe: 5-Minute Chart! This EA boasts a robust take profit to stop loss ratio of 30:1, allowing you to capture those big wins while trailing your profits. The entry is executed based on the 55 WMA, with trend direction and trailing managed by the 200 Bollinger Bands. This approach is ideal for those of us who prefer a more conservative investment strategy. Just set it up on a VPS and manage your risks as shown in the screenshots. Happy trading!

2023.03.24

MetaTrader5

Unlocking Profits with the Aussie Surfer EA for MetaTrader 5

Hey fellow traders! Today, I want to introduce you to an exciting expert advisor that’s making waves in the trading community – the Aussie Surfer. This EA harnesses the power of the Alligator Indicator and Bollinger Bands to help you catch those profitable market moves. Key Details: Currency Pair: GBPAUD Time Frame: 15 minutes Check out some of the results: This EA could be a game-changer in your trading strategy, especially if you're looking to leverage the strengths of the Alligator and Bollinger Bands. So, if you’re ready to ride the wave of profitability, give the Aussie Surfer a shot!

2023.03.14

MetaTrader5

Mastering Reversal Strategies with Expert Advisors in MetaTrader 5

Understanding the Reversal Strategy So, you're diving into reversal strategies for your trading game? This Expert Advisor (EA) is a fantastic tool that leverages three key indicators to spot those crucial price reversals. We’re talking about a simple moving average, standard deviation, and the RSI (Relative Strength Index) working together to give you the edge. How It Works Here’s the scoop: the EA sends a buy signal when the following conditions are met: The open price is lower than the moving average minus 2 times the standard deviation. The RSI is below the oversold threshold. The close price exceeds the moving average minus 2 times the standard deviation. Lastly, the RSI crosses above the oversold signal. When these conditions align, you’ll see a buy signal pop up. For take profit, you’ll aim for the ask price plus 2 times the standard deviation, while your stop loss will sit at the ask price minus the standard deviation. On the flip side, a sell signal triggers under these conditions: The open price is higher than the moving average plus 2 times the standard deviation. The RSI is above the overbought threshold. The close price is less than the moving average plus 2 times the standard deviation. And the RSI dips below the overbought signal. For your take profit, you’ll set it at the bid price minus 2 times the standard deviation, and the stop loss will be the bid price plus the standard deviation. Closing Positions Now, closing your positions is just as straightforward. A buy position wraps up when the close price climbs above the moving average plus 2 times the standard deviation. Meanwhile, a sell position will close when the price dips below the moving average minus 2 times the standard deviation. This strategy closely resembles the Bollinger Bands technique, giving you a reliable framework to work with. When to Use This Strategy This reversal strategy shines best during non-volatile hours when the market lacks a clear trend, making it easier to predict movements. The aim? To rake in those small, consistent profits. For optimal results, focus on trading the EUR/USD pair, and if you want to diversify just a bit, the GBP/USD can also be an option. Personally, I prefer sticking to the EUR/USD on smaller timeframes like M5 for maximum efficiency.

2023.03.12

MetaTrader5

Simple and Effective Trading Panel for MetaTrader 5

Looking for a straightforward trading panel that works seamlessly with your trading strategy? This panel is designed to cater to all assets and markets. Just plug it into your EA and you're ready to go!

2023.03.08

MetaTrader5

Master Divergence Trading with EMA and RSI on MetaTrader 5

If you're looking to up your trading game, this Divergence EA is a game changer! It comes loaded with alerts and arrows to make your trading smoother.This EA takes a buy position when:MACD divergence pops up on a 5-minute timeframeThe 1-hour stochastic's main line is above the signal line and sits comfortably between the 0-40 levelsThe daily exponential moving average (EMA) of 9 is above the 20 EMAA 5-minute bar closes below the 9 EMA on the daily chart (input 18)It wraps up trades based on stop-losses and targets, or if the RSI (7-period) climbs above the 77 overbought threshold (input 36).For sell trades, just reverse the conditions!This setup might yield fewer trades with the default settings, so it's wise to backtest on 1-minute data for at least 4 years.

2023.03.06

MetaTrader5

Mastering MACD Divergence with Stochastic and Bollinger Bands on MetaTrader 5

If you’re looking for a reliable way to capitalize on market movements, this expert advisor does the trick by identifying MACD divergence in real-time. Let’s dive into how it works!How This Expert Advisor OperatesWhen the EA identifies a buy signal, it checks the following:The stochastic main line is above the signal line.The stochastic is within oversold levels (you can control the duration it stays within these levels by adjusting the candle period to 9 & 10).Trades are closed based on the upper Bollinger Band level at the time the trade is executed, with stops set at 100% equal to the target stoplosspercentTP.All indicators, including the MACD divergence, work across multiple time frames.This means you could spot a divergence on a 4-hour chart, find stochastic confirmation on a 30-minute chart, and set your targets and stops using the 5-minute Bollinger Band levels.What About Sell Signals?For sell signals, the process is the inverse. Just remember, the EA only trades if there are no other open trades, keeping your strategy clean and efficient.Additional FeaturesPlus, you have the option to include alerts with the EA to keep you updated. Just a tip, when adjusting the timeframe settings, make sure to use 1-minute open data for testing!Enjoy trading!

2023.03.05

MetaTrader4

How to Tackle Consecutive Losses: When to Pause Trading

Hey there, fellow traders! We’ve all been there – you’re on a roll, then suddenly, a string of losses hits you like a ton of bricks. It can be frustrating, right? But here’s the deal: sometimes, it’s wise to hit the pause button on trading for a bit. Why would you do that? Well, it could be due to market choppiness or extreme volatility that just isn’t playing in your favor. Recognizing when to take a step back can save you from deeper losses and help you reassess your strategy. When to Consider a Trading Break Consecutive Losses: If you find yourself facing multiple losses in a row, it’s a good sign to take a breather. Market Conditions: Keep an eye on the overall market environment. If things are looking unpredictable, it might be best to wait it out. Emotional State: Trading while feeling frustrated or stressed can lead to rash decisions. Taking a break can help clear your mind. Remember, it’s not about how many trades you make, but how well you manage them. A little pause can lead to a more strategic comeback!

2023.03.04

MetaTrader5

Understanding Relative Drawdown in MetaTrader 5: A Trader’s Guide

What is Relative Drawdown? Hey fellow traders! Today, let's dive into the concept of relative drawdown and how it plays a crucial role in managing your trading account on MetaTrader 5. The DD_Relative function is your go-to tool for calculating the relative profit or loss (drawdown) of your current trading account, expressed as a percentage. It’s all about keeping an eye on how much you're up or down compared to your account balance. How Does It Work? To get the ball rolling, the Current_LossOrProfit() function steps in to provide the current profit or loss from all your open positions. This value is then divided by your current account balance, which you can easily access using the AccountInfoDouble(ACCOUNT_BALANCE) function. This gives you a clear picture of where you stand. Getting the Right Figures Once you've figured out the relative gain or loss percentage, we want to make sure it’s tidy, right? That’s where the NormalizeDouble() function comes into play. It rounds your result to two decimal places, ensuring it looks good on the charts. After that, the result is displayed in the chart comment with the Comment() function, making it easy to spot at a glance. Calculating Current Profit or Loss Now, let’s take a closer look at how the Current_LossOrProfit() function operates. It loops through all open positions, checking each position’s magic number (specified in the code as MAGIC) and making sure the symbol matches the current chart symbol. If everything lines up, it adds the position's commission, swap, and current profit or loss to the Positionsprofit variable. Wrapping It Up After summing up all the profits and losses, the function again calls NormalizeDouble() to round it off to two decimal places before returning the current profit or loss figure. This streamlined approach helps you maintain a clear understanding of your trading performance, which is vital in this game. So there you have it, a straightforward breakdown of how to use the DD_Relative function in MetaTrader 5 to keep your drawdowns in check. Remember, monitoring your drawdown can be the key to staying in the game!

2023.02.17

MetaTrader5

Validate Your Time Periods in MetaTrader 5: A Trader's Guide

Understanding Time Period Validation in MetaTrader 5 If you're diving into the world of trading with MetaTrader 5, you'll want to ensure that you're using the right time periods for your indicators. Let’s break down how this validation works in a way that’s easy to understand. How the Time Period Check Works The function in question takes two arrays of integers: allowedPeriods and periodsToCheck. Think of allowedPeriods as your trading rulebook, containing all the time frames that the system recognizes and permits. Meanwhile, periodsToCheck is your personal list of time frames that you’re looking to use in your indicators. Step-by-Step Process Here’s how it goes: The function runs through each element in the periodsToCheck array. It checks if each time period is included in the allowedPeriods list. If it spots a time period that isn’t allowed, it will return false. However, if every time period checks out, it will return true. Why This Matters In essence, this function acts as your safety net, ensuring that the time frames you’re using in your indicators are both valid and acceptable by the system. Keeping your indicators compliant with the allowed time periods is crucial for accurate trading analysis and decision-making. So, before you hit the trade button, double-check those time periods to make sure you’re on solid ground!

2023.02.15

MetaTrader4

Mastering Grid Trading Algorithms in Volatile Markets with MetaTrader 4

Hey fellow traders! If you're diving into the world of grid trading, especially during those rollercoaster market conditions, you’re in for a treat. Today, let's talk about setting up a grid trading algorithm using the MetaTrader 4 platform. Input Parameters: Take Profit (Tp): This is a key figure for your robot. It will take profit once it reaches Tp multiplied by your invested amount. A good range to consider is between 0.01 and 0.1. Slow Moving Average: This parameter determines the period of the moving average, helping you gauge the market trend. Multiplier: This is crucial for your volume management. The next order in your grid will be based on the last order size multiplied by this factor. Time Frame: Choose wisely! A recommendation is to use either the 1-hour chart (60 minutes) or the 15-minute chart. Now, let’s get into the nitty-gritty of the Expert Advisor (EA) functions: TotalOrderLots(): This function provides you with the total lot amounts you're currently using. CalcMaxLot: This will tell you the maximum lot size you can trade. CalcGridLot: Need to know your starting lot size based on your parameters? This function has you covered. Engulfing Functions: These will return a true value when a bullish or bearish engulfing candlestick pattern occurs, which is essential for decision-making. OpenOrderProfits: This function gives you an overview of profits from all open orders. CloseAllOrders: This nifty function will close all your orders after checking multiple times. Your EA will execute grid orders based on Average True Range (ATR) values, adding an extra layer of strategy to your trading game. So, whether you're new to grid trading or looking to refine your existing strategy, these insights will help you navigate the choppy waters of volatile markets. Happy trading!

2023.01.27

MetaTrader5

Unlocking MultiCurrency Trading with MT5: Your Go-To Expert Advisor

If you're diving into the world of trading with MetaTrader 5, you might want to check out this handy Expert Advisor (EA) designed for multi-currency systems. This EA utilizes a straightforward candle logic approach on the Daily (D1) timeframe, making it easy for traders of all levels to understand and implement. My hope is that this EA serves as a valuable resource for your trading journey and helps you learn more about effective trading strategies.

2023.01.23

MetaTrader5

Mastering Scalping with CCI and MACD on MetaTrader 5

Are you looking to up your trading game? Let’s dive into a scalping strategy using CCI and MACD on MetaTrader 5 that’s been tested on the EUR/USD pair, particularly effective on the M15 timeframe. Indicators You'll Need: Exponential Moving Average (EMA) - set to a default period of 34 Commodity Channel Index (CCI) - default MA period of 50 Moving Average Convergence Divergence (MACD) - use the default settings for MT5 Here’s the strategy breakdown: For BUY orders: Wait for the candle to close above the EMA. Ensure the CCI crosses above the 0 level and enters positive territory. Look for the MACD to be below 0 and make a bullish cross while still below this level. For SELL orders: Just like with buy orders, start with a candle closing above the EMA. Watch for the CCI to cross above 0 and enter the positive zone. Confirm that the MACD is below 0 and shows a bearish cross while remaining under this level. By following these steps, you can effectively implement this scalping strategy and potentially enhance your trading results. Happy trading!

2023.01.16

MetaTrader4

How to Count Open Orders by Type in MetaTrader 4: A Simple Guide for Traders

Hey there, fellow traders! If you’ve been working with Expert Advisors (EAs) on MetaTrader 4, you probably know how tricky it can be to manage multiple orders simultaneously. One key aspect of efficient trading is keeping track of your open orders, especially when they're of different types. So, today, I want to share a straightforward snippet of code that can help you do just that. This little piece of code will allow your EA to count and display the total number of open orders, organized by their specific types. I’ve used the Comment() function to make this order count visible in real-time, so you can always stay updated on your trades. Here’s the code—I've included plenty of comments to guide you through it: // Your EA code goes here I really hope you find it useful in your trading journey! --------- Also, check out this video below to see the Expert Advisor in action: Track open orders effortlesslyReal-time updates on your trading activityEasy-to-understand code with explanations

2023.01.16