MetaTrader Australia

978 Participants Registered MetaQuotes Software Corp., Interbank FX, MIG Bank, FXCM, the TRADERS’ magazine and Dow Jones hold the fourth annual Automated Trading Championship 2010. The best three developers of automated trading strategies will be revealed within three months. Assessment criterion will be the absolute profit. Winners will share the Automated Trading Championship 2010 Prize [...]

The problem of calculation of the total position volume of the specified symbol and magic number is considered in this article. The proposed method requests only the minimum necessary part of the history of deals, finds the closest time when the total position was equal to zero, and performs the calculations with the recent deals. [...]

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 [...]

In MQL5 you can write an indicator both from a scratch and on the basis of another already existing indicator, in-built in the client terminal or a custom one. And here you also have two ways – to improve an indicator by adding new calculations and graphical styles to it , or to use an [...]

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 [...]

At times traders may need to perform a time synchronization task when expert advisor is working. Prohibition or permission for orders opening in certain time spans during 24 hours, cancellation of suspended orders after certain time, prohibition against work of the expert advisor on holidays, trade permission only at news-time etc. may be required. Time [...]

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 [...]

In MQL5 there are several ways to call indicators, and they are mostly carried out using IndicatorCreate() and iCustom() functions. Moreover, these functions only return indicator handle, and further work on indicators is done through it. So what is a handle? How to deal with IndicatorCreate() and iCustom() functions? And how your expert will get [...]

Development of applications for the MetaTrader 4 Client Terminal requires the knowledge of MQL4. This programming language MetaQuotes Language 4 is a fourth-generation language that has also been developed by MetaQuotes Software Corp. from their own many years experience. MQL4 is the first programming language to consider all niceties of trading on financial markets. This [...]

Anybody who has ever launched an EA or an indicator for execution, faced the possibility to preliminarily set up external parameters that often underlay the success of the program. There is a possibility to change parameters during the program operation. But how can that be done without initialization? In some cases, this may affect managing [...]