A utility script is available to close open positions with a single action and optionally remove pending orders. It is intended for rapid exposure reduction, including pre-event risk control and end-of-session cleanup.

Configuration options include selecting scope (all symbols or only the current chart), filtering by magic number (-1 for no filtering), enabling deletion of pending orders, and an optional confirmation prompt before execution. A maximum slippage value in points can be set to constrain close price deviation.

The script supports both hedging and netting account modes. Execution results are summarized in the Experts log. Validation on a demo environment is recommended before live use.

👉 Read | AppStore | @mql5dev

A few hand-picked sizing examples can look correct while hiding rounding and boundary defects. This article builds a deterministic, broker-free MQL5 test harness for a pure risk-to-volume model and treats the sizing rule as an executable contract.

Instead of only example-based assertions, it uses property-based checks over generated scenarios plus fixed regressions for known edges. A seeded xorshift RNG provides reproducible runs, and failures are recorded with enough precision to replay independently of call order.

The model is explicit about IEEE-754 behavior, step-based volume grids, and conservative “never round up” selection. Eight metamorphic properties validate monotonicity (budget vs. stop distance), symmetry, scaling/translation cohorts, and strict contract adherence, while intentional wrong outputs test the checker itself. A separate demo...

👉 Read | NeuroBook | @mql5dev

A session-box indicator is available for marking the three primary FX trading windows: Asia, London, and New York.

For each session, a box is drawn between the configured start and end times using broker server time. The box boundaries are based on the session high and low, providing a consistent view of intraday ranges, breakout areas, and frequently traded liquidity zones.

Configuration includes the number of historical days to display, per-session start/end hours, per-session colors, optional box fill, and optional session labels. Time settings require adjustment when broker server time differs from local or market convention. Supported chart timeframes range from M1 to H1.

👉 Read | VPS | @mql5dev

Backtests can hide which part of an EA is failing when multiple entries share one magic number. In an order-block liquidity-sweep scalper, splitting results by setup showed most losses came from only one side, despite identical code and risk.

CSetupLedger fixes this by encoding a setup id into the magic number (not comments, which brokers overwrite), then rebuilding per-setup stats from account deal history so restarts, file loss, and manual closes don’t erase the record. Correct aggregation requires scoring by position id, summing partial fills, and using net P/L including commission and swap.

Instead of trusting raw win rate, it reports a Wilson confidence interval and compares it to the setup’s real breakeven rate derived from observed average wins/losses. The output becomes actionable: too few trades, undecided, trusted, or rejected.

👉 Read | AppStore | @mql5dev

A lightweight MT5 candle-close countdown indicator for any symbol and timeframe, including XAUUSD and EURUSD. The timer uses the broker trade-server clock, so it keeps updating during low-tick periods and aligns with broker candles rather than the local PC time.

Display supports either a price-attached mode (offset to the right of the last bar) or a fixed chart corner with configurable pixel offsets. Output formatting adapts to timeframe: mm:ss on intraday, hh:mm:ss from H1, and days+hours on D1 and higher. Optional spread display, optional symbol/timeframe prefix, and a last-seconds color change are available.

Alerts can trigger once per candle a configurable number of seconds before close, via pop-up and/or sound. Implementation uses a single text object created once and rewritten every 500 ms; no canvas or buffers. On weekends or outside sessions, ...

👉 Read | AlgoBook | @mql5dev

Backtests built on smooth-volatility assumptions tend to fail when volatility shifts fast. Empirical realized-volatility studies (Gatheral, Jaisson, Rosenbaum, 2014) estimate the Hurst exponent for log volatility around H≈0.10, consistent with rough, anti-persistent dynamics that classical GBM/GARCH families cannot model.

A practical implementation is a moving-window Hurst estimator using R/S analysis with OLS in log-log space and logarithmically spaced scales. Non-overlapping subsample averaging improves stability; safeguards avoid degenerate R/S and regression cases.

Signal mapping is operational: H<0.3 indicates rough/mean-reverting conditions, 0.3–0.5 neutral, H>0.5 trending/persistent. The output is a regime filter for strategy selection and a risk metric for reducing exposure during regime transitions.

👉 Read | AlgoBook | @mql5dev

CanvasTabs provides a lightweight tab bar for charts using the standard CCanvas class. Distributed as a single include file, it has no DLL dependencies, no trading logic, and no built-in persistence. Intended for panels that need basic tabs without a full GUI framework.

Supports tab titles, an active tab, and a minimal hover state. Tabs can be changed by mouse click or via SetActiveTab. Resize updates width without recreating the chart object. Long titles are truncated to fit, with an ellipsis when space permits.

Multiple independent instances are supported on the same chart, each with unique object and resource names. Height, padding, and font size are scaled once from screen DPI. Destroy() cleans up only the instance resources and is safe to call repeatedly. OnChartEvent returns true only when a click changes the selected tab.

A demo expert shows tw...

👉 Read | Quotes | @mql5dev

Multiple regression is a baseline tool for trading models where returns respond to several drivers at once. Single-factor fits often shift missing effects into the error term, producing biased coefficients and unstable results when regimes change.

Core setup uses OLS with matrix notation: b = (XᵀX)⁻¹Xᵀy. This requires no multicollinearity; otherwise XᵀX becomes singular. Model building stays iterative: add, remove, and transform regressors, then re-run diagnostics.

Standard checks include residual plots, QQ/EPDF, autocorrelation tests, and stability tests. Factor diagnostics rely on correlation matrices, partial regression plots, VIF for multicollinearity, and Cook’s distance for influential observations. Formal testing typically adds Ljung–Box, Jarque–Bera, Breusch–Pagan, Ramsey, and F-tests.

👉 Read | Freelance | @mql5dev

An H1 EURUSD pullback system combines a 14-period linear weighted moving average, Awesome Oscillator, and a daily reference level from three sessions back. Entries are never at market. Signals place stop orders at the prior daily low/high, so execution occurs only if price reclaims that level.

Buy setup: the open from two bars ago is below the WMA and AO is decreasing on the last closed bar. A buy stop is set at the daily low from three days back, only if that level is above current price. Sell setup mirrors this logic using the daily high, only if it is below current price.

Risk uses an internal ATR(24) with Wilder smoothing. Stop is 1.5 ATR from entry, target is 0.7% of entry, and volume is sized so a stop-out costs a fixed 20 USD by default. Pending orders expire after 12 bars and are replaced by newer same-side signals. Evaluation occurs once per bar; o...

👉 Read | Quotes | @mql5dev

MQL5 exposes AccountInfoInteger(ACCOUNT_FIFO_CLOSE) to detect FIFO close enforcement. On FIFO accounts, closing anything but the oldest ticket on a symbol can be rejected with TRADE_RETCODE_FIFO_CLOSE (10045), breaking exit logic that targets recent adds in pyramiding systems.

A practical approach is a two-part design. CFifoPositionQueue snapshots the EA’s own positions per symbol (magic-filtered), sorts by POSITION_TIME_MSC with ticket tie-breaks, and provides eligibility plus a required close sequence. CFifoComplianceGuard owns all CTrade calls, runs async off, rechecks eligibility before each step, and either rejects non-eligible requests or executes a cascade.

Included examples show an EA that intentionally requests the wrong ticket, plus synthetic tests for ordering, cascades, and volume normalization. Backtests validate decision logic, not broker...

👉 Read | Signals | @mql5dev

Spread behavior is session-dependent: typically tighter during London and New York, wider at the daily rollover around 17:00 New York and in the first minutes after the weekend open. SpreadHeatmap visualizes this as a 24x8 table per chart symbol, with weekdays plus an “All” column. Each cell shows the typical spread for that hour/day in points, color-mapped from low to high cost.

Values come from historical bar data (MqlRates.spread). The chosen timeframe (M5 default) is sampled across the last N days (60 default). Per-cell statistics can be median, average, 90th percentile, or maximum. Coloring is relative to the symbol-wide median, with configurable thresholds; cells with fewer than 3 bars display “-”, and the current hour is marked.

Time display can switch between server time, UTC, and major market centers with DST handled per bar. Optional CSV expo...

👉 Read | Freelance | @mql5dev

Weibull reliability can be applied to EAs by defining “failure” as trades survived until rolling profit factor falls below a configurable floor. Each failure logs a lifetime in trades, resets the age counter, and clears the rolling window; skipping the window reset biases the sample toward lifetime=1 artifacts.

An MQL5 implementation uses an MLE Weibull fit with Newton-Raphson on the shape parameter and a closed-form scale. The fitted beta informs hazard behavior: beta>1 implies rising hazard with age. A case study on XAUUSD M5 produced beta=5.34, scale=23.36 from 8 failures (20,21,20,22,20,20,31,20), but the detector design imposes a 20-trade minimum lifetime.

A governor reads conditional survival before entries, applies cooldown instead of permanent retirement, and publishes fit parameters via globals for an indicator. Limits remain: thin samples,...

👉 Read | Signals | @mql5dev

Trade results show the endpoint, not the path. Two excursion metrics fill the gap: MAE (maximum adverse excursion) and MFE (maximum favourable excursion). They help quantify how much drawdown winners typically require, how often losers moved in favor before reversing, and how much of the best move winners actually retained.

A script and reusable class generate a per-position report (ticket, symbol, side, volume, open/close, net result, MAE, MFE, stop distance) plus an on-chart summary with medians and 90th percentiles, winner capture, loser MFE stats, and the fraction of stopped losers that reached +1R at any time.

Computation aggregates all deals into a single position (partial closes included), uses VWAP for multi-entry opens, and derives MAE/MFE from 1-minute bid bars between entry and exit. Current positions and those opened before the history windo...

👉 Read | Freelance | @mql5dev

Two-Pole Momentum Oscillator implementation in MQL5: momentum is derived from close minus a 25-period SMA, then normalized using the 25-period mean and standard deviation of that deviation series. This converts raw drift into a comparable, volatility-adjusted value.

The normalized stream is processed through two consecutive first-order EMA-style smoothing passes, producing a second-order response for a steadier oscillator around the zero line.

Signal logic compares the current oscillator value to its value four bars earlier. Buy: rising while below zero. Sell: falling while above zero. Visual output uses a color-changing line plus arrow markers.

Dynamic control levels are calculated from the signal bar high/low plus a 100-period average candle range, managed as chart objects and removed on price breach.

👉 Read | Docs | @mql5dev

MeanReversion.mqh implements mean-reverting spread logic by modeling the residual of a cointegrated pair (basis or z-score) as an Ornstein-Uhlenbeck process and computing entry/exit levels.

Fit(x, dt) performs exact maximum-likelihood estimation on equally spaced bars using the OU transition density, returning kappa, theta, sigma, plus standard errors from the likelihood Hessian. LogLikelihoodAt() evaluates the likelihood for arbitrary parameters. Derived metrics include half-life and long-run standard deviation.

Trading levels follow Bertram (2010): given a round-trip cost, compute expected cycle time via erfi and maximize expected return per unit time. OptimalSymmetric(c) enforces m = -a; Optimal(c) leaves it unconstrained (the optimum is symmetric). Levels in long-run SD units depend only on cost.

SpreadBands.mq5 builds a two-symbol log spread ...

👉 Read | Freelance | @mql5dev

ANANTA is an intraday FX portfolio method that replaces carry-trade bond yields with 2-year interest rate swap differentials, aiming to trade market expectations of future policy rather than central-bank signaling. Positions are always on: capital is rotated across currencies via periodic rebalancing, without stop-losses or volatility sizing.

Implementation in MQL5 builds a yield-differential matrix, measures spread momentum versus a short SMA (2-day or 15-day), normalizes it, then filters noise by discarding the weakest half of signals using a median threshold. Remaining pair signals are netted into directional “points” per currency for USD-referenced rebalancing.

Using free IRS CSVs for USD, EUR, GBP, JPY, CHF and daily London-close rebalancing, backtests (2020–Oct 2026) show stable growth, Sharpe ~2.41 and ~11% max drawdown, with code structured...

👉 Read | Docs | @mql5dev

Supply/demand zones are derived from confirmed swing highs and lows on any symbol and timeframe. A swing high creates a supply zone, a swing low creates a demand zone. Zone height is normalized using ATR(period) x factor, keeping sizing consistent across markets.

Zones track retests: labels increment from fresh to tested 1x/2x/3x, with dimming colors after the first touch. A candle close through a zone invalidates it and removes it. Same-side overlaps can be merged, and the chart can be limited to the most recent N zones per side. Swings require N closed candles to the right, so zones appear with that delay. Processing runs once per closed bar.

Key settings include swing length, ATR period, zone factor, bars scanned, per-side limit, merge/remove toggles, fill/extend options, labels, and entry alerts when price first enters a zone. For automation, fiv...

👉 Read | Docs | @mql5dev

Backtest max drawdown is a single realized path, not a sizing input by itself. Resampling trade returns with a stationary block bootstrap produces a drawdown distribution, while block permutation holds trades fixed and varies only order to isolate sequence risk from sampling variation.

Block length encodes an assumption about dependence, not a parameter to tune for better tails. Too-short blocks understate clustered losses; too-long blocks collapse into rotations of one path. For non-overlapping trades, results should be shown across a block-length range and paired with serial-correlation checks.

Prop-firm rules are path constraints with a basis, horizon, clock, and floating-equity definition. Breach probability should be estimated against those rules, using trade-exit paths as a lower bound and a calendar-day, mark-to-market version for server-tim...

👉 Read | Docs | @mql5dev

Archimedes Optimization Algorithm (AOA), proposed in 2021, models each candidate as a position plus density, volume, and acceleration. Convergence is framed as reaching a zero-net-force state, with exploration and exploitation emerging from the same update loop.

State is initialized with X in bounds, den/vol in [0,1], and acc in bounds. Each iteration pulls den and vol toward the current best via a shared random convex update, keeping values stable and bounded.

A transfer factor TF grows toward 1, while a decreasing factor d shrinks step scales. Acceleration switches between a random neighbor (collision phase) and the global best (no-collision phase), then gets normalized to [0.1, 1.0] as a per-agent step regulator.

Position updates move toward a random peer early and around the leader later, with a sign switch to reduce premature collapse. Greedy accepta...

👉 Read | AppStore | @mql5dev

Risk metrics in MT5 often hide a modelling choice: a rolling lookback is just a probability vector that weights recent bars equally and older bars as exactly zero. That can underprice regime shifts (e.g., pre‑March 2020 calm), exclude known upcoming risk, and makes old crises impossible to “reconsider” because their weight is forced to zero.

Entropy pooling keeps the full historical scenario set intact and reassigns probabilities by minimizing relative entropy to a prior (typically time‑decay), while enforcing explicit constraints: state conditioning (today’s volatility regime), higher USDJPY volatility, minimum tail risk for CHF shocks, or capped cross‑pair correlation. The solution is an exponential tilt solved in the low‑dimensional dual, so thousands of bars reduce to a handful of multipliers.

The article delivers a pure MQL5 library (solver, view types...

👉 Read | Calendar | @mql5dev

Most MT5 EAs drift because filters get added without knowing how the strategy actually behaves. This article proposes building a non-trading “evidence logger” for a Range Breakout: it follows the original rules, measures every component, and exports a CSV for structured analysis with the MT5 AI Assistant.

The logger separates what’s knowable at entry (range + breakout-candle features) from what’s only knowable later (retests, excursion, outcomes), preventing accidental lookahead. It handles session windows (including midnight wrap), freezes range context (ATR, prior-day/session levels), records accurate entry price for close vs wick triggers, then tracks 24 bars with a state-machine retest model and strict first-touch outcome labels plus ambiguity flags.

A Tokyo M15 run on GBPUSD logged 419 events; a 10% systematic sample showed false breakouts exceeding wi...

👉 Read | Docs | @mql5dev