When I make videos about writing experts or indicators I usually make them for both MQL4 and MQL5. This naturally leads to some code that has to be conditional due to the differences. The conditional code that bothers me most is the difference in the way technical indicators are handled and I think dealing with […]
Use Common Classes to Write MQL4 and MQL5 Experts Read More »
I have covered using iCustom to make custom indicator information available in your EA several times but there is one question that keeps appearing. If you have an indicator that actually draws signals on screen, like buy and sell arrows, how can you use that information in an EA? It’s difficult because these indicators often
Using Custom Indicator Chart Objects in an Expert Read More »
Based on a request from a subscriber this is a simple indicator to raise an alert if the price moves more than a specified amount above or below the opening price for a bar, but only raise one alert for each direction. This indicator does not use a plot buffer so you may get a
Raise a Metatrader Alert on Price Movement in a Bar Read More »
To write an indicator drawing support and resistance lines you need a set of rules that a computer can follow to create those lines. This technique uses the ZigZag indicator to find potential S/R levels and then refines further by finding multiple points. The code here is a combination for MT4 and MT5. Most code
Automatic Support/Resistance indicator using ZigZag Read More »
This is an example of writing an expert advisor using a very basic strategy. The key information here is the comparison of 2 indicators which occur at different times. The strategy and detail about the code are explained fully in the video. This covers both MT4 and MT5, there are some sections that are modified
Write an Expert for MT4 or MT5 using CCI and 2 Moving Averages Read More »
This is a function that you can use in your MT5 expert advisor to apply a standard points based trailing stop For the MT4 verison click here A trailing stop is nothing more than a stop loss that moves as price changes. For this standard trailing stop the rules are simple: No stop loss is
MT5 Trailing Stop Expert Read More »
This is a function that you can use in your MT4 expert advisor to apply a standard points based trailing stop For the MT5 verison click here A trailing stop is nothing more than a stop loss that moves as price changes. For this standard trailing stop the rules are simple: No stop loss is
MT4 Trailing Stop Expert Read More »
This expert advisor will scan through new trades and automatically apply a default stop loss to trades that have no stop loss Click here for the MT5 version Start by using the wizard to create the expert advisor template. I called my expert AutoStopLoss. This expert uses a simple point value to set the default
MT4 Expert to apply an Automatic Stop Loss Read More »
This expert advisor will scan through new trades and automatically apply a default stop loss to trades that have no stop loss Click here for the MT4 version Start by using the wizard to create the expert advisor template. I called my expert AutoStopLoss. For MT5 include the Trade.mqh file to make use of the
MT5 Expert to apply an Automatic Stop Loss Read More »
If you want to share or sell your EA or Indicator then you should be thinking about how to protect your work and prevetn unauthorised distribution. This article shows 4 techniques covering limited capability trials, time limited versions and ultimately issuing licence codes linked to a single account. These are simple techniques that you can
Copy Protect your EA or Indicator Read More »
