Linux offers a robust ecosystem for software development, preferred especially by those proficient in command line interfaces. Its package management system simplifies application installation, making the operating system transparent and mutable, allowing deep customization of its subsystems. Linux’s design includes ready-to-use essential development tools, creating a flexible and efficient environment favored in software engineering. This platform is versatile, spanning from personal desktops to sophisticated cloud services provided by major platforms like AWS and Google Cloud.

Developers targeting Windows users can utilize Linux to develop and deliver consistent, platform-agnostic applications. For instance, MetaTrader 5 developers often employ the MQL5 programming language and rely on the MT5 IDE for compiling. However, when developing custom solutions like shared libraries (DLLs)...

Read more...

This technical indicator is designed to assist in trend and channel identification using the BSI Indicator as a base evaluation tool. It begins by assessing the overall market trend with the BSI, followed by drawing either trend lines or channels based on specific conditions. The configuration includes an orange dashed line to indicate either a high trend line or channel, while a blue dashed line represents a low trend line or channel. Key visual cues include a red mark to denote a high reversal bar and a blue mark for a low reversal bar. Additional features include a pink line, which outlines the tango line indicating the entry level, and a magenta line that depicts the moving average of the tango line. For clarity on BSI values, a red dotted line is used. This type of indicator is crucial for technical analysis, providing clear visual aids to guide trading decisions.

Read more...

MetaTrader 5 now supports a new program type called services, enabling users to create custom price feeds by implementing real-time price delivery from external systems. This feature allows for continuous data synchronization similar to that on brokers' trade servers, without needing to be chart-dependent.

Services run in their own thread, with executed threads correlating to the number of services. Unlike scripts and Expert Advisors (EAs), services can operate continuously without interrupting the functioning of other MQL5 programs, thanks to their independent execution flow. Additionally, services differ in their inability to use certain functions such as ExpertRemove() or any related to timers and custom indicators, aligning with their design to handle single Start events and ongoing tasks without user intervention.

Specifically, services can be extremely useful for background op...

Read more...

This function serves as a foundational script for retrieving the day's trading history in a trading platform environment. It's designed to allow users to enhance its functionality, such as by incorporating additional data types like trading volume. Modifications can also be made to examine different time periods by adjusting the starting variable in the code.

By default, the output, specifically the Daily Profit figure, is displayed in the Experts Panel. This function is crafted to be straightforward, promoting comprehensibility and ease of adaptation for further customization and extension by users who wish to tailor the function to meet specific trading needs or integrate more complex trading metrics.

Read more...

In the realm of computer vision, the estimation of optical flow is essential for various applications including autonomous driving and object tracking. Traditionally, this problem has been approached largely through convolutional neural networks which, while effective to an extent, often fall short in handling scenarios involving large displacements or occlusions due to their limited receptive fields.

A promising method, CCMR (Coarse-to-Fine Context-Guided Motion Reasoning), represents a significant advancement in optical flow estimation. By integrating context-based motion aggregation with high-resolution multi-scale approaches, CCMR allows for more precise detection of flow fields, particularly in areas obstructed from view. This method employs transformers and other attention mechanisms, overcoming the constraints of traditional CNNs by leveraging global context at each stage of p...

Read more...

The Swing High/Low Identifier is a beneficial tool for MT5 users, engineered to accentuate key swing points on trading charts. This indicator enhances traders' ability to rapidly detect critical price levels and patterns, integral for executing strategic trading decisions. It marks swing highs with red arrows above the candles and swing lows with blue arrows beneath them, based on a user-defined range of bars.

This tool offers several strategic applications including:

1. *Trend Reversal Identification*: Helps in pinpointing potential resistance and support levels, aiding traders in forecasting the start of downtrends and uptrends.
2. *Support and Resistance Analysis*: The indicator's markings can be used to draw horizontal lines or channels to identify crucial support and resistance zones.
3. *Price Action Trading*: Traders can integrate the indicator with other price action methods...

Read more...

In technical analysis, the significance of candlestick patterns is enhanced when the candle's body constitutes at least 50% of the total range. This attribute indicates stronger market conviction in the price movement represented by the candle. An indicator can be employed to identify and color-code these candles, distinguishing them visually on charts. Candles not meeting this criterion retain the default color settings of the chart, allowing analysts to quickly assess market sentiment and potential price directions with greater clarity. This method aids in more precise and efficient chart analysis, supporting better-informed trading decisions.

Read more...

One of the most popular threads on our forum is the one dedicated to getting started with MetaTrader 5.

Our community members have gathered a lot of useful information to assist everyone start trading on the platform and utilize its features to the fullest:

✓ Platform usage tips and practical insights
✓ Examples of working with indicators and instructions on testing robots
✓ Overviews of interesting articles for traders

Read this thread and join other forum discussions in the world's largest algo trading community. Add to favorites so you don't miss important updates.

Join the thread "How to Start with MetaTrader 5"

In the latest update on trading strategy automation, a significant advancement has been made in the realm of Expert Advisors (EAs) for trading platforms. The ability to maintain the state of an EA after a restart has now been enhanced to accommodate variable position sizes based on the trading account balance.

The update introduces the concept of a 'Normalized Trading Strategy'. This approach centers on defining a fixed lot size and calculating an initial balance that can sustain a drawdown, but not exceed 10%. This method ensures calculated risk while enabling position adjustment proportional to the account balance changes.

Three money management options are detailed: fixed size, constant size for a specified balance, and variable size according to the current balance. Each serves distinct testing and operational purposes ranging from demonstration to real trading environments, p...

Read more...

Understanding the role of MQL5 in algorithmic trading can be transformative for both novice and advanced developers. Since its inception, MQL5 has offered extensive resources to aid in the development and optimization of trading algorithms. Among these, the MQL5 community stands out as a foundational resource. It provides essential tools like comprehensive documentation, diverse forums, an energetic market, and real-time data services which facilitate the trading strategies and programming tasks.

Moreover, the Desktop MetaTrader 5 platform integrates these components, serving as an essential tool for algorithm developers. With features like MetaQuotes Language Editor and Strategy Tester, the platform supports thorough testing and refinement of algorithms.

Artificial intelligence also plays a crucial role in enhancing MQL5's capabilities, particularly through innovations like ChatGPT...

Read more...

In a recent technical guide, the process of developing a multi-symbol, multi-period RSI indicator dashboard in MetaQuotes Language 5 (MQL5) for MetaTrader 5 (MT5) is meticulously outlined. This dashboard provides a consolidated view of the Relative Strength Index (RSI) across various symbols and timeframes, significantly enhancing a trader's analytical capabilities.

The guide covers essential areas including the initialization of the dashboard environment, the dynamic calculation and real-time display of RSI values, and the customization of the user interface. Traders can tailor the dashboard to fit their trading strategies, improving decision-making processes by quickly identifying overbought or oversold market conditions through an intuitive visual interface.

Moreover, specific instructions are provided for creating interactive buttons that update based on live market data. This n...

Read more...

A trading strategy is essentially a systematic approach aimed at generating profits in financial markets by taking long or short positions based on predefined criteria. Effective trading strategies often include key elements such as a chosen financial symbol, specific timeframes, the use of technical indicators and filters, and clearly defined rules for opening and closing trades. Additionally, robust strategies incorporate stringent money and risk management rules to safeguard investments.

A crucial aspect of any trading strategy is consistency and the avoidance of contradictory elements within the strategy parameters. For instance, integrating a trailing stop with strict money management rules often leads to conflicts because a trailing stop may execute a trade before the set profit targets are reached, potentially reducing the expected profit.

Further refining a trading strategy ...

Read more...

Understanding MQL4 for Customizing Trading Strategies

MQL4, short for MetaQuotes Language 4, serves as a powerful tool for developing trading strategies specifically for use in the MetaTrader 4 platform. It primarily enables the creation of custom indicators, scripts, and automated trading bots known as Expert Advisors (EAs). The language's structure is similar to that of C, which makes it accessible for those familiar with C-based languages.

Utilizing MQL4, traders can automate their trading strategies which can execute trades based on predefined conditions without manual intervention. This allows for the development of complex algorithms that can analyze large datasets and execute trades on global financial markets efficiently.

For developers aiming to build or enhance their EAs, mastering MQL4 opens door to a customized trading experience tailored to specific market conditions a...

Read more...

Artificial Intelligence (AI) plays a pivotal role in evolving trading strategies. The effectiveness of AI in trading is varied, as not all strategies are beneficial to every trader. To assist traders in choosing suitable strategies, a comparison of the accuracy of popular strategies against simple models is highlighted.

In this context, the classic price action trading strategy, focusing on "higher highs" and "lower lows," is critically assessed. This strategy consists of predicting price changes and future close price in relation to current high and low values. For analysis, models such as AdaBoost, decision trees, and neural networks were utilized, mapped across three potential outcomes without hyperparameter adjustments prior to their comparison.

The results indicated that simpler models, predicting price level changes, generally exhibited greater effectiveness. Meanwhile, comple...

Read more...

Arbitrage opportunities are effectively identified in real-time currency pair data, utilizing technology to pinpoint discrepancies and optimize profitable trades. This features dynamic trade management where trades are opened and closed based on calculated potential, ensuring positions are actively managed to maximize gains.

Inclusion of plotting functionality allows for the tracking of maximum observed price discrepancies, aiding in analytical evaluations. The tool is set up with adjustable input parameters such as Lot_Size_Per_Thousand and Total_Commission_for_Lot_Traded, which are essential in customizing trade scale and accounting for overheads in profitability analyses.

The trading algorithm cross-references theoretical exchange rates against actual market rates for specific currency pairs like EURUSD, GBPUSD, and EURGBP. It evaluates the viability of arbitrage scenarios once a...

Read more...

The Market's top products always feature AI-powered robots, proving there is a high demand for machine learning technologies among investors.

Take the first step to creating your own AI advisors and becoming a successful seller with our book "Neural Networks for Algorithmic Trading with MQL5". This comprehensive guide covers everything you need to master machine learning skills:

✓ Types of neural networks suitable for trading
✓ Network building blocks: layers, activation functions, weight initialization methods
✓ MetaTrader 5 platform tools for creating powerful algorithmic trading strategies
✓ Architectural solutions to improve model convergence
✓ Building your first neural network model in MQL5 and testing it under real trading conditions

Read the book and become a machine learning expert.

Download the book...

In the realm of financial data analysis utilizing machine learning, the capability to accurately forecast numerous future values is paramount. This is particularly relevant across various sectors such as finance, weather forecasting, supply chain management, and healthcare. Multi-step forecasting methodologies each possess distinct strengths and weaknesses. Direct multi-step forecasting enables precision as each model focuses on a specific future horizon, though this can be resource-intensive. Recursive forecasting uses a single model repetitively, simplifying the process and ensuring consistency, yet risks errors magnifying over multiple predictions.

Multi-output models offer a significant advantage by capturing relationships between time steps in one go, thus optimizing the forecasting process. This technique, often implemented using neural networks, however, can be complex and nec...

Read more...

Understanding the importance of random number generators (RNGs) in optimization algorithms is crucial. RNGs influence the outcome of stochastic search processes. Various types of RNGs such as Pseudorandom Generators and True Random Number Generators serve different purposes across cryptography, programming, and other fields.

For programming needs, built-in pseudo-random number generators in languages like Python, C++, and Java are generally adequate. However, for applications requiring deeper security and genuineness, special attention must be given to selecting appropriate RNGs. Cryptographic random number generators, for instance, provide security by offering resistance to prediction and cryptanalysis.

It’s vital for developers to choose RNGs based on the specific demand of their applications considering factors like randomness quality, performance, and integration ease. For tas...

Read more...

Understanding the Binary DOT Signal for 60-second binary options can be highly beneficial for traders looking to improve their strategy in this fast-paced market. The Binary DOT signal represents a market indicator used specifically for predicting very short-term price movements.

The utility of this signal lies in its ability to provide quick entries and exits, a necessary feature for the binary options platform where timing is crucial. Utilization of such signals can offer traders a structured approach to navigating through high volatility and making decisions with better precision. This can lead to improved trading accuracy, essential in maximizing potential returns within a Minute trading window.

Read more...

For those integrating AI into trading strategies, understanding the customization of AI models for specific markets is crucial. This discussion includes the use of the Nelder-Mead optimization algorithm to fine-tune AI models, such as deep neural networks for financial markets, with a focus on enhancing model performance beyond default settings.

The Nelder-Mead algorithm, ideal for non-linear and non-differentiable optimization scenarios, helps in adjusting model parameters effectively, based on a defined starting point and iterative evaluation using a simplex method. This approach is effective for finding optimal settings that might differ significantly across various market environments.

Practically, this involves fetching market data from trading platforms like MetaTrader5, adjusting neural network parameters, and evaluating performance iterations to identify optimal configuratio...

Read more...