Articles on trading system automation in MQL5

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Read articles on the trading systems with a wide variety of ideas at the core. Learn how to use statistical methods and patterns on candlestick charts, how to filter signals and where to use semaphore indicators.

The MQL5 Wizard will help you create robots without programming to quickly check your trading ideas. Use the Wizard to learn about genetic algorithms.

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Neural Networks in Trading: A Complex Trajectory Prediction Method (Traj-LLM)

Neural Networks in Trading: A Complex Trajectory Prediction Method (Traj-LLM)

In this article, I would like to introduce you to an interesting trajectory prediction method developed to solve problems in the field of autonomous vehicle movements. The authors of the method combined the best elements of various architectural solutions.
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Automating Trading Strategies in MQL5 (Part 11): Developing a Multi-Level Grid Trading System

Automating Trading Strategies in MQL5 (Part 11): Developing a Multi-Level Grid Trading System

In this article, we develop a multi-level grid trading system EA using MQL5, focusing on the architecture and algorithm design behind grid trading strategies. We explore the implementation of multi-layered grid logic and risk management techniques to handle varying market conditions. Finally, we provide detailed explanations and practical tips to guide you through building, testing, and refining the automated trading system.
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Neural Networks in Trading: State Space Models

Neural Networks in Trading: State Space Models

A large number of the models we have reviewed so far are based on the Transformer architecture. However, they may be inefficient when dealing with long sequences. And in this article, we will get acquainted with an alternative direction of time series forecasting based on state space models.
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Price Action Analysis Toolkit Development (Part 16): Introducing Quarters Theory (II) — Intrusion Detector EA

Price Action Analysis Toolkit Development (Part 16): Introducing Quarters Theory (II) — Intrusion Detector EA

In our previous article, we introduced a simple script called "The Quarters Drawer." Building on that foundation, we are now taking the next step by creating a monitor Expert Advisor (EA) to track these quarters and provide oversight regarding potential market reactions at these levels. Join us as we explore the process of developing a zone detection tool in this article.
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MQL5 Trading Toolkit (Part 8): How to Implement and Use the History Manager EX5 Library in Your Codebase

MQL5 Trading Toolkit (Part 8): How to Implement and Use the History Manager EX5 Library in Your Codebase

Discover how to effortlessly import and utilize the History Manager EX5 library in your MQL5 source code to process trade histories in your MetaTrader 5 account in this series' final article. With simple one-line function calls in MQL5, you can efficiently manage and analyze your trading data. Additionally, you will learn how to create different trade history analytics scripts and develop a price-based Expert Advisor as practical use-case examples. The example EA leverages price data and the History Manager EX5 library to make informed trading decisions, adjust trade volumes, and implement recovery strategies based on previously closed trades.
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Multiple Symbol Analysis With Python And MQL5 (Part 3): Triangular Exchange Rates

Multiple Symbol Analysis With Python And MQL5 (Part 3): Triangular Exchange Rates

Traders often face drawdowns from false signals, while waiting for confirmation can lead to missed opportunities. This article introduces a triangular trading strategy using Silver’s pricing in Dollars (XAGUSD) and Euros (XAGEUR), along with the EURUSD exchange rate, to filter out noise. By leveraging cross-market relationships, traders can uncover hidden sentiment and refine their entries in real time.
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MQL5 Wizard Techniques you should know (Part 56): Bill Williams Fractals

MQL5 Wizard Techniques you should know (Part 56): Bill Williams Fractals

The Fractals by Bill Williams is a potent indicator that is easy to overlook when one initially spots it on a price chart. It appears too busy and probably not incisive enough. We aim to draw away this curtain on this indicator by examining what its various patterns could accomplish when examined with forward walk tests on all, with wizard assembled Expert Advisor.
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Automating Trading Strategies in MQL5 (Part 10): Developing the Trend Flat Momentum Strategy

Automating Trading Strategies in MQL5 (Part 10): Developing the Trend Flat Momentum Strategy

In this article, we develop an Expert Advisor in MQL5 for the Trend Flat Momentum Strategy. We combine a two moving averages crossover with RSI and CCI momentum filters to generate trade signals. We also cover backtesting and potential enhancements for real-world performance.
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The Kalman Filter for Forex Mean-Reversion Strategies

The Kalman Filter for Forex Mean-Reversion Strategies

The Kalman filter is a recursive algorithm used in algorithmic trading to estimate the true state of a financial time series by filtering out noise from price movements. It dynamically updates predictions based on new market data, making it valuable for adaptive strategies like mean reversion. This article first introduces the Kalman filter, covering its calculation and implementation. Next, we apply the filter to a classic mean-reversion forex strategy as an example. Finally, we conduct various statistical analyses by comparing the filter with a moving average across different forex pairs.
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William Gann methods (Part II): Creating Gann Square indicator

William Gann methods (Part II): Creating Gann Square indicator

We will create an indicator based on the Gann's Square of 9, built by squaring time and price. We will prepare the code and test the indicator in the platform on different time intervals.
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Price Action Analysis Toolkit Development (Part 15): Introducing Quarters Theory (I) — Quarters Drawer Script

Price Action Analysis Toolkit Development (Part 15): Introducing Quarters Theory (I) — Quarters Drawer Script

Points of support and resistance are critical levels that signal potential trend reversals and continuations. Although identifying these levels can be challenging, once you pinpoint them, you’re well-prepared to navigate the market. For further assistance, check out the Quarters Drawer tool featured in this article, it will help you identify both primary and minor support and resistance levels.
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Trading with the MQL5 Economic Calendar (Part 6): Automating Trade Entry with News Event Analysis and Countdown Timers

Trading with the MQL5 Economic Calendar (Part 6): Automating Trade Entry with News Event Analysis and Countdown Timers

In this article, we implement automated trade entry using the MQL5 Economic Calendar by applying user-defined filters and time offsets to identify qualifying news events. We compare forecast and previous values to determine whether to open a BUY or SELL trade. Dynamic countdown timers display the remaining time until news release and reset automatically after a trade.
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Automating Trading Strategies in MQL5 (Part 9): Building an Expert Advisor for the Asian Breakout Strategy

Automating Trading Strategies in MQL5 (Part 9): Building an Expert Advisor for the Asian Breakout Strategy

In this article, we build an Expert Advisor in MQL5 for the Asian Breakout Strategy by calculating the session's high and low and applying trend filtering with a moving average. We implement dynamic object styling, user-defined time inputs, and robust risk management. Finally, we demonstrate backtesting and optimization techniques to refine the program.
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Automating Trading Strategies in MQL5 (Part 8): Building an Expert Advisor with Butterfly Harmonic Patterns

Automating Trading Strategies in MQL5 (Part 8): Building an Expert Advisor with Butterfly Harmonic Patterns

In this article, we build an MQL5 Expert Advisor to detect Butterfly harmonic patterns. We identify pivot points and validate Fibonacci levels to confirm the pattern. We then visualize the pattern on the chart and automatically execute trades when confirmed.
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Neural Networks in Trading: Injection of Global Information into Independent Channels (InjectTST)

Neural Networks in Trading: Injection of Global Information into Independent Channels (InjectTST)

Most modern multimodal time series forecasting methods use the independent channels approach. This ignores the natural dependence of different channels of the same time series. Smart use of two approaches (independent and mixed channels) is the key to improving the performance of the models.
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Build Self Optimizing Expert Advisors in MQL5 (Part 6): Stop Out Prevention

Build Self Optimizing Expert Advisors in MQL5 (Part 6): Stop Out Prevention

Join us in our discussion today as we look for an algorithmic procedure to minimize the total number of times we get stopped out of winning trades. The problem we faced is significantly challenging, and most solutions given in community discussions lack set and fixed rules. Our algorithmic approach to solving the problem increased the profitability of our trades and reduced our average loss per trade. However, there are further advancements to be made to completely filter out all trades that will be stopped out, our solution is a good first step for anyone to try.
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Neural Networks in Trading: Practical Results of the TEMPO Method

Neural Networks in Trading: Practical Results of the TEMPO Method

We continue our acquaintance with the TEMPO method. In this article we will evaluate the actual effectiveness of the proposed approaches on real historical data.
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William Gann methods (Part I): Creating Gann Angles indicator

William Gann methods (Part I): Creating Gann Angles indicator

What is the essence of Gann Theory? How are Gann angles constructed? We will create Gann Angles indicator for MetaTrader 5.
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Automating Trading Strategies in MQL5 (Part 7): Building a Grid Trading EA with Dynamic Lot Scaling

Automating Trading Strategies in MQL5 (Part 7): Building a Grid Trading EA with Dynamic Lot Scaling

In this article, we build a grid trading expert advisor in MQL5 that uses dynamic lot scaling. We cover the strategy design, code implementation, and backtesting process. Finally, we share key insights and best practices for optimizing the automated trading system.
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Price Action Analysis Toolkit Development (Part 13): RSI Sentinel Tool

Price Action Analysis Toolkit Development (Part 13): RSI Sentinel Tool

Price action can be effectively analyzed by identifying divergences, with technical indicators such as the RSI providing crucial confirmation signals. In the article below, we explain how automated RSI divergence analysis can identify trend continuations and reversals, thereby offering valuable insights into market sentiment.
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Developing a Replay System (Part 59): A New Future

Developing a Replay System (Part 59): A New Future

Having a proper understanding of different ideas allows us to do more with less effort. In this article, we'll look at why it's necessary to configure a template before the service can interact with the chart. Also, what if we improve the mouse pointer so we can do more things with it?
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Building a Keltner Channel Indicator with Custom Canvas Graphics in MQL5

Building a Keltner Channel Indicator with Custom Canvas Graphics in MQL5

In this article, we build a Keltner Channel indicator with custom canvas graphics in MQL5. We detail the integration of moving averages, ATR calculations, and enhanced chart visualization. We also cover backtesting to evaluate the indicator’s performance for practical trading insights.
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Neural Networks in Trading: Using Language Models for Time Series Forecasting

Neural Networks in Trading: Using Language Models for Time Series Forecasting

We continue to study time series forecasting models. In this article, we get acquainted with a complex algorithm built on the use of a pre-trained language model.
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Automating Trading Strategies in MQL5 (Part 6): Mastering Order Block Detection for Smart Money Trading

Automating Trading Strategies in MQL5 (Part 6): Mastering Order Block Detection for Smart Money Trading

In this article, we automate order block detection in MQL5 using pure price action analysis. We define order blocks, implement their detection, and integrate automated trade execution. Finally, we backtest the strategy to evaluate its performance.
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Neural Networks in Trading: Lightweight Models for Time Series Forecasting

Neural Networks in Trading: Lightweight Models for Time Series Forecasting

Lightweight time series forecasting models achieve high performance using a minimum number of parameters. This, in turn, reduces the consumption of computing resources and speeds up decision-making. Despite being lightweight, such models achieve forecast quality comparable to more complex ones.
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Price Action Analysis Toolkit Development (Part 12): External Flow (III) TrendMap

Price Action Analysis Toolkit Development (Part 12): External Flow (III) TrendMap

The flow of the market is determined by the forces between bulls and bears. There are specific levels that the market respects due to the forces acting on them. Fibonacci and VWAP levels are especially powerful in influencing market behavior. Join me in this article as we explore a strategy based on VWAP and Fibonacci levels for signal generation.
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Introduction to MQL5 (Part 12): A Beginner's Guide to Building Custom Indicators

Introduction to MQL5 (Part 12): A Beginner's Guide to Building Custom Indicators

Learn how to build a custom indicator in MQL5. With a project-based approach. This beginner-friendly guide covers indicator buffers, properties, and trend visualization, allowing you to learn step-by-step.
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Developing a Replay System (Part 58): Returning to Work on the Service

Developing a Replay System (Part 58): Returning to Work on the Service

After a break in development and improvement of the service used for replay/simulator, we are resuming work on it. Now that we've abandoned the use of resources like terminal globals, we'll have to completely restructure some parts of it. Don't worry, this process will be explained in detail so that everyone can follow the development of our service.
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Custom Indicator: Plotting Partial Entry, Exit and Reversal Deals for Netting Accounts

Custom Indicator: Plotting Partial Entry, Exit and Reversal Deals for Netting Accounts

In this article, we will look at a non-standard way of creating an indicator in MQL5. Instead of focusing on a trend or chart pattern, our goal will be to manage our own positions, including partial entries and exits. We will make extensive use of dynamic matrices and some trading functions related to trade history and open positions to indicate on the chart where these trades were made.
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Trend Prediction with LSTM for Trend-Following Strategies

Trend Prediction with LSTM for Trend-Following Strategies

Long Short-Term Memory (LSTM) is a type of recurrent neural network (RNN) designed to model sequential data by effectively capturing long-term dependencies and addressing the vanishing gradient problem. In this article, we will explore how to utilize LSTM to predict future trends, enhancing the performance of trend-following strategies. The article will cover the introduction of key concepts and the motivation behind development, fetching data from MetaTrader 5, using that data to train the model in Python, integrating the machine learning model into MQL5, and reflecting on the results and future aspirations based on statistical backtesting.
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Neural Networks in Trading: Reducing Memory Consumption with Adam-mini Optimization

Neural Networks in Trading: Reducing Memory Consumption with Adam-mini Optimization

One of the directions for increasing the efficiency of the model training and convergence process is the improvement of optimization methods. Adam-mini is an adaptive optimization method designed to improve on the basic Adam algorithm.
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Developing a Replay System (Part 57): Understanding a Test Service

Developing a Replay System (Part 57): Understanding a Test Service

One point to note: although the service code is not included in this article and will only be provided in the next one, I'll explain it since we'll be using that same code as a springboard for what we're actually developing. So, be attentive and patient. Wait for the next article, because every day everything becomes more interesting.
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Automating Trading Strategies in MQL5 (Part 5): Developing the Adaptive Crossover RSI Trading Suite Strategy

Automating Trading Strategies in MQL5 (Part 5): Developing the Adaptive Crossover RSI Trading Suite Strategy

In this article, we develop the Adaptive Crossover RSI Trading Suite System, which uses 14- and 50-period moving average crossovers for signals, confirmed by a 14-period RSI filter. The system includes a trading day filter, signal arrows with annotations, and a real-time dashboard for monitoring. This approach ensures precision and adaptability in automated trading.
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Chaos theory in trading (Part 2): Diving deeper

Chaos theory in trading (Part 2): Diving deeper

We continue our dive into chaos theory in financial markets. This time I will consider its applicability to the analysis of currencies and other assets.
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MQL5 Wizard Techniques you should know (Part 53): Market Facilitation Index

MQL5 Wizard Techniques you should know (Part 53): Market Facilitation Index

The Market Facilitation Index is another Bill Williams Indicator that is intended to measure the efficiency of price movement in tandem with volume. As always, we look at the various patterns of this indicator within the confines of a wizard assembly signal class, and present a variety of test reports and analyses for the various patterns.
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Price Action Analysis Toolkit Development (Part 10): External Flow (II) VWAP

Price Action Analysis Toolkit Development (Part 10): External Flow (II) VWAP

Master the power of VWAP with our comprehensive guide! Learn how to integrate VWAP analysis into your trading strategy using MQL5 and Python. Maximize your market insights and improve your trading decisions today.
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Developing a multi-currency Expert Advisor (Part 16): Impact of different quote histories on test results

Developing a multi-currency Expert Advisor (Part 16): Impact of different quote histories on test results

The EA under development is expected to show good results when trading with different brokers. But for now we have been using quotes from a MetaQuotes demo account to perform tests. Let's see if our EA is ready to work on a trading account with different quotes compared to those used during testing and optimization.
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Automating Trading Strategies in MQL5 (Part 4): Building a Multi-Level Zone Recovery System

Automating Trading Strategies in MQL5 (Part 4): Building a Multi-Level Zone Recovery System

In this article, we develop a Multi-Level Zone Recovery System in MQL5 that utilizes RSI to generate trading signals. Each signal instance is dynamically added to an array structure, allowing the system to manage multiple signals simultaneously within the Zone Recovery logic. Through this approach, we demonstrate how to handle complex trade management scenarios effectively while maintaining a scalable and robust code design.
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Integrate Your Own LLM into EA (Part 5): Develop and Test Trading Strategy with LLMs(IV) — Test Trading Strategy

Integrate Your Own LLM into EA (Part 5): Develop and Test Trading Strategy with LLMs(IV) — Test Trading Strategy

With the rapid development of artificial intelligence today, language models (LLMs) are an important part of artificial intelligence, so we should think about how to integrate powerful LLMs into our algorithmic trading. For most people, it is difficult to fine-tune these powerful models according to their needs, deploy them locally, and then apply them to algorithmic trading. This series of articles will take a step-by-step approach to achieve this goal.
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The Inverse Fair Value Gap Trading Strategy

The Inverse Fair Value Gap Trading Strategy

An inverse fair value gap(IFVG) occurs when price returns to a previously identified fair value gap and, instead of showing the expected supportive or resistive reaction, fails to respect it. This failure can signal a potential shift in market direction and offer a contrarian trading edge. In this article, I'm going to introduce my self-developed approach to quantifying and utilizing inverse fair value gap as a strategy for MetaTrader 5 expert advisors.
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