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 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 »
A simple EA to open trades to an average position and then close all when a target profit is reached
Close a Basket of Trades on a Target Profit Read More »
How to add stop loss and take profit to your EA. This covers simple point based as well as an example using ATR multiples. If you have not seen the earlier parts where the framework is developed the links below will take you to those articles. Part 1 built the EA template and the expert
MQL By Request #6 – An EA with ATR Take Profit and Stop Loss Read More »
I’ve been using a common framework Version 1 in this by request series. The framework is evolving as the series moves along and was never intended to be a commercial product. The framework has always been intended for use to support tutorials. That means that the framework is more of a kit or toolbox and
MQL By Request #5 – Using the EA Framework V2 Read More »
How to write a Moving Average Cross EA using the EA framework. This is in answer to a subscriber question on how to write a moving average cross EA for MT5. It is also a good example for first use of the EA framework developed in parts 1-3 of this series. To write the EA
MQL By Request #4 – Moving Average Cross EA Read More »
If you are trading with a risk management approach then you need to calculate the amount you are prepared to risk and from that the lot size to trade if you have a fixed stop loss or the stop loss price if you want to fix lot sizes. The calculations are really very simple and
How to Calculate Lot Sizes and Risk Pricing with MQL4 and MQL5 Read More »
