MetaTrader Australia » MQL5

MetaTrader 5 acts as a Signal Provider for MT4

MetaTrader Global — Tue, 15 Nov 2011 02:27:53 +0000

MetaQuotes continues to impress us with new features in MetaTrader 5. As with any major software upgrade, however, there will be a period of time where both MT4 and MT5 will exist and perhaps be supported concurrently by brokers. One excellent way MetaQuotes has helped manage that overlap is a feature that permits MetaTrader 5 [...] Related posts:

MQL5 : Implementation of a simple CEP engine

MetaTrader Global — Mon, 01 Aug 2011 03:28:59 +0000

This edition was harder to make than any of the previous editions. The late release of Strategy Tester and the large number of bugs that surged while making the CEP engine took a lot of time. From this moment, magazine issues will not be monthly anymore, because they will contain a lot of work and updates of past works. This is why, this time we are adding the Forum to the Magazine.

Now back to the CEP engine.

The CEP engine was some of the hardest stuff possible to write in MQL5. It was hard not only for me as programmer, but it had implications over MT5 as well, because the spaghetti data structure that it uses put MetaTrader to the test ; it needed a lot of bug filtering, especially on objects and memory allocations. The code managed to run with minor issues barely on build 270 (yes, already in May), and completely clean on build 271. It’s a long hard code, and I’ll chop it to pieces for commenting. I also left inline comments and Print lines intact to be better understood by readers. The algorithm is quite modified, not the same as the one presented in Anatomy of a Simple CEP Engine .

To View Full Article Click here.

Source: www.mqlmagazine.com

MQL5 Wizard makes development of Expert Advisors even easier

MetaTrader Global — Fri, 28 Jan 2011 19:48:15 +0000

In late October 2010, as part of the MetaTrader 5 Client Terminal, the MQL5 Wizard was released. This wizard is designed for automatic generation of an Expert Advisor code. With MQL5 Wizard, knowledge of programming languages is no longer a prerequisite for creating trading robots. Earlier it really was an impassable obstacle to creation of trading strategies, but the release of the MQL5 Wizard changed the situation radically. With the new Wizard, the programming experience is not required – the application will do all the necessary work to create an Expert Advisor.

The main advantage of the Wizard is its convenience. The program allows to significantly simplify the process of trading robots development, creating different Expert Advisor modules for you. All you need is set the required parameters and select the necessary components – and the MQL5 Wizard will do the rest. The creation of trading robots has never been so fast and simple. Only four clicks – and the Expert Advisor trading according to your strategy is ready!

Source: http://www.metaquotes.net/en/metatrader5/news/3650

20 The Most Important Signal in MQL5

MetaTrader Global — Tue, 30 Nov 2010 00:33:54 +0000

The operators try to find regularity in the behavior of prices, trying to establish rules for its use have the opportunity to determine a profitable time to buy or sell. To create a fully automated forex trading, you need to learn how to report the time as the next – MQL5 trading signals. The subject of the article is how to program 20 The Most Important Signal in MQL5.

Signal to inform dealers about the possible entry points position, but not all of them are forced to run. Additional criteria to further filter the signal, but it was significant to us. The theme of this article is how the 20 most popular programs MQL5 trading signal

20 Popular Signal Forex in MQL 5:

1. Intersection of Moving Averages Signal
2. Intersection of the Main and Signal Line of MACD
3. Breakthrough of the Price Channel Range Signal
4. Breakthrough of the Range of the ADX Adaptive Channel Signal
5. Exit from the Overbuying/Overselling Zones of Stochastic Signal
6. Exit from the Overbuying/Overselling Zones of RSI Signal
7. Exit from the Overbuying/Overselling Zones of CCI Signal
8. Exit from the Overbuying/Overselling Zones of Williams % Signal
9. Bounce from the Borders of the Bollinger Channel Signal
10. Bounce from the Borders of the Standard Deviation Channel Signal
11. Bounce from the Borders of the Price Channel Signal
12. Bounce from the Borders of the Envelopes Channel Signal
13. Breakthrough of the Donchian Channel Signal
14. Breakthrough of the Silver-Channel Signal
15. Breakthrough of the Gallagher Channel Signal
16. Change of Trend by NRTR Signal
17. Change of Trend by Alligator Signal
18. Change of Trend by AMA Signal
19. Change of Color of the Awesome Oscillator Signal
20. Change of Trend by Ichimoku Signal

Source: www.meta4valas.blogspot.com

Download MetaTrader 5

admin — Thu, 13 May 2010 04:57:30 +0000

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/

The Debugger – a novelty of MetaTrader 5

admin — Thu, 01 Apr 2010 11:28:18 +0000

One of the upgrades brought by MetaQuotes to the MetaEditor IDE is the introduction of a debugger.

Across this article I’ll use the article ‘error’ as a reference to the conceptual code errors such as wrongly written conditions or wrongly written calculus expressions… Warning: don’t mistake them with the errors signaled by the compiler.

For the ones that don’t know , the purpose of the debugger is to run line by line to code in order to find conceptual programming errors, and to watch the values of the variables realtime.

In MT4, that lacked a debugger, the programmers were using the Print function to find the errors in the code, this being the single method available. This method is difficult to use and the time needed to find the error is way larger compared to using a debugger, because Prin needed a recompilation every time, re-attaching the EA and reading in logs. If we were calling functions giving a wrong result , because they were badly written, we had to go inside that function and attach Print lines to see where were the errors. After repairs, the code had to be cleaned up of redundant Print lines used to find the error.

Right now the debugger works only to test scripts, but we think it will be integrated with the Strategy Tester to work with experts. This is needed also because several buggy EA modules may be run only in rare market conditions, that will not appear while forward testing, but will be revealed while backtesting.

Now the things got simpler, from the same window you can follow the program being run line by line.

In order to use the debugger we have to call the DebugBreak() function where we want the normal execution stopped in order to start execution line by line. If we attach such a script to a chart, this will not stop running, as it will be stopped only if it’s started with the debug mode of the MetaEditor.

To start the script for debugging we have to press Debug->Start or F5 key or it’s dedicated button in the special bar dedicated to the debugger, bar which contains other 3 buttons for passing thru the code.

The group of buttons from the rectangle labeled 1 are the 6 buttons used at debugging. The first 3 buttons are getting in and out from the debug mode, but also to pause. The last 3 buttons are for passing the code in other manners, in the debug mode:

- passing thru the code by Step Into (F11) we go line by line but we enter the functions referred. For instance if we are with the cursor on the line ‘p=prod(a,b)’ and we push Step Into then the cursor will go into the ‘prod’ function and we will be be able to go line by line thru the code of this function;

- passing thru the code by Step Over (F10) we go line by line thru the code but the debugger will jump over called functions (these will be executed, but not line by line in a debug mode).

- Step Out should make the debugger get out of the function where the cursor is, and not close the debug mode, thing which is happening now.

The green arrow labeled with 2 is the current line. If we push F10 (Step Over), the arrow will move to the next line.

Running a code in the Debug mode a new page opens within the Toolbox pageframe, which is divided in two (areas 3 and 4).

In area 3 we see the name of the file that’s being run, the name of the function and the number of the line where we are in the debug mode.

Area 4 is similar to the Watch window from Borland C++ / Borland Pascal or other older IDEs , where can be watched realtime the values and types of variables.

In picture above in area 4 we have 3 variables which we follow : a, s and p. The variable ‘a’ has the value of 5 because we passed the line ‘a=5? where we are initializing it. The variable ‘p’ has the value 0, because this is the default value taken by the integer variables when they are defined, while ’s’ is undefined, because that’s the stop where the execution is stopped, right before it being declared.

These being said I wish you luck writing codes and debugging them.

Source – mqlmagazine.com

Custom Indicators in MQL5

admin — Tue, 03 Nov 2009 08:13:37 +0000

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 of structural programming.
The code execution speed, which now is much faster than in MetaTrader 4.
Essential increase of possibilities for displaying the necessary information.

To view the full article, please visit: http://www.metatraderglobal.com/400/custom-indicators-in-mql5/

Impressive Metatrader 5 Indicators

admin — Tue, 03 Nov 2009 04:44:48 +0000

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 chart and rotate them every xx seconds. So now you can create your favorite theme background that maybe will help you to relax during intensive trading sessions.

To view the full article, please visit: http://www.metatraderglobal.com/388/impressive-metatrader-5-indicators/

Learning programming for the Metatrader 5

admin — Wed, 28 Oct 2009 08:47:36 +0000

The main difference between MQL4 and MQL5 is the appearance of the object oriented programming. So you can start learning MQL4 now, because:

If You know MQL4 the only thing in MQL5 to change in your programs will be names of a couple of start() init() deinit() functions;
If you know MQL4 the transition to MQL5 will be smooth;
If you know MQL5 you will know C language as well because they are VERY close;
Due to providing structures and other improvements in MQL5, there will be a LOT of new possibilities to merge MQL5 with any database, math, statistical packages etc.

To view the full article, please visit: http://www.metatraderglobal.com/381/learning-programming-for-the-metatrader-5/

Analytics in MetaTrader 5

admin — Wed, 28 Oct 2009 08:38:25 +0000

Analytics is one of the most important components of trading. Based on analytical data, a trader can decide what operation to execute, when to do it and the profit/loss of the trade. The MetaTrader 5 platform offers you wide analytical possibilities!

Charts

Charts constitute a work field for technical analysis. This is where dynamics of security quotes are featured, technical indicators and graphical objects are applied. The number of charts that can be used in a terminal is unlimited, and they can be positioned in any way. This enables traders to adjust their workplaces to their own needs.

Every chart can be individually set up. Traders can use the detailed setup of color schemes, displaying of additional data objects and scaling, which allows the configuration of every chart according to the needs of a certain analytical tool. For example, you can setup the displaying of separators for larger periods, the OHLS line, and the chart scaling for the adequate featuring of Gann tools.

To view the full article, please visit: http://www.metatraderglobal.com/377/analytics-in-metatrader-5/