A script designed to manage buy orders effectively requires attention to its setup and functionality. Primarily, this script enables the partial closure of profitable buy orders while allowing other orders to reach their target profits. Essential parameters include `ClosePercentage`, which defines the portion of each buy position to be closed, and `Slippage`, which determines the maximum slippage in points. The `CommentText` parameter filters positions by specific comments if desired.

Key features include compatibility with multiple buy positions and the preservation of original stop loss and take profit levels for the remaining lots. It safeguards minimum volume requirements, handles errors, and provides operational feedback.

To implement, copy and compile the code in MetaEditor. The script will be accessible in the Navigator under "Scripts" and can be ex...

👉 Read | AlgoBook | @mql5dev

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A new script targets efficient trade management by partially closing profitable sell orders while maintaining other open positions for target profits. Upon execution, details can be reviewed in the Experts tab. Key input parameters include:

- ClosePercentage: Determines the portion of each sell position to close, ranging from 0 to 100.
- Slippage: Sets the maximum permissible slippage in points.
- CommentText: Optionally close positions based on specific comments.

Key features of the script include handling multiple sell positions, preserving original stop loss and take profit levels, validating minimum volume requirements, and error management with feedback. For installation, transfer the code to MetaEditor and compile. The script will then be accessible under "Scripts" in the Navigator panel. To execute, drag it onto any chart. Caution: it closes a speci...

👉 Read | AppStore | @mql5dev

#MQL5 #MT5 #Script

The script is designed to handle transaction history export efficiently. It compiles data on all transactions for the past year for the current instrument. Key functionalities include support for both cryptocurrencies and traditional currencies with automatic commission calculations based on the instrument type. Numbers are formatted for readability, with totals for commissions, profit/loss, and trade counts appended at the file's end.

Usage instructions are straightforward: ensure trade history is loaded in your terminal, place the script on the desired instrument's chart, and execute it. This will generate a CSV file stored in the MQL5/Files directory, aptly named with trades_symbol_date_time.

The benefits are notable: ease of use, flexibility across various instruments, and transparency, with all data consolidated in one file. Remember to check t...

👉 Read | AlgoBook | @mql5dev

#MQL5 #MT5 #script

A newly available script provides a streamlined method to compress OHLC data. This enhances data handling efficiency and allows for optimized storage and retrieval processes. The script is designed to convert conventional time-based data into a more concise format, which could be beneficial for high-frequency data analysis and trading strategies. Handling and analyzing financial data requires precision, and this tool meets these criteria by simplifying data complexity. This advancement in script functionality represents a significant step in improving the workflow for developers and traders dealing with extensive datasets. It's a noteworthy development for those looking to enhance their data processing capabilities.

👉 Read | Forum | @mql5dev

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To implement rectangle creation on a chart, utilize objects within the charting library. Begin by defining the coordinates for the rectangle's position. Specify parameters for the rectangle’s dimensions such as height and width. Ensure the code correctly references the chart's axes to maintain alignment. This setup facilitates the visual representation of data zones or highlights specific chart areas. Adjust properties to modify appearance, such as border color and opacity. Examine the execution environment to ensure compatibility with the charting platform's API. Verify the display across different resolutions to maintain consistency in the presentation.

👉 Read | Signals | @mql5dev

#MQL4 #MT4 #script

A script has been developed to manage chart objects efficiently in MT5. This tool scans the current chart and identifies all chart objects present. It systematically counts each object and deletes them as required. During this process, the names of the objects are logged to maintain a record of what was present before deletion. Such functionality is essential for managing chart clutter and ensuring a clean workspace. Implementing this script allows for automation in maintaining chart hygiene, enhancing user focus and resource management without manual intervention or oversight. This process boosts efficiency in handling multiple chart objects effectively.

👉 Read | CodeBase | @mql5dev

#MQL5 #MT5 #script

A new script is available to streamline the setup process when creating charts. Time spent on adjusting color themes is minimized by offering three pre-configured options: Green/Red, Aqua/Pink, and Black/White. These themes can be customized according to your preferences by modifying the color variables, which are clearly annotated in the script. The variables start with 'clr' followed by the color name. To apply your selected theme, create a new chart and drag the script onto it, then simply choose your desired theme and confirm. This script enhances efficiency by automating a repetitive task, allowing for more focus on analysis and strategy development.

👉 Read | Calendar | @mql5dev

#MQL5 #MT5 #script

Efficient trade management is crucial for optimizing returns and minimizing risk. This script is designed for traders who prefer uncluttered charts, enabling precise lot size calculation for Forex or CFD trading. Choose between two options: RiskByPercent for managing risk by a percentage of equity, or RiskByAmount for a fixed monetary risk. Input your stop loss in pips, especially relevant for 4-digit brokers. The script intelligently adapts for 5-digit brokers and respects broker-imposed lot size restrictions. Upon calculation, it provides an alert detailing the lot size, risk amount, adjusted stop loss, and instrument tick value. This versatile script can be customized or incorporated into an existing Expert Advisor to align with specific trading strategies.

👉 Read | NeuroBook | @mql5dev

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Time discrepancies during the transition between daylight saving time and standard time are prevalent in the FOREX market and can impact trading strategies. The issue arises because different regions switch times on different Sundays. In the US, this occurs on the second Sunday in March and the first Sunday in November. Whereas, in the EU, changes occur on the last Sundays of March and October. This mismatch creates a temporary alteration in the time difference, affecting the FOREX session's start and end times and impacting trade execution.

A FOREX session spans 120 hours, starting on Sunday at 5:00 pm EST and ending the following Friday. These shifts can cause confusion in trading hours, leading to a missed hour at the beginning of a week on some broker platforms. This inconsistency results in a missing trading hour, affecting traders’ or advisors’ respon...

👉 Read | CodeBase | @mql5dev

#MQL5 #MT5 #script

A script has been developed to automatically set the stop-loss level for all open orders to a user-defined value. It streamlines risk management by allowing users to input a specific stop-loss parameter across multiple positions. This automation enhances trading efficiency and reduces the need for manual adjustments, potentially improving overall trading strategy effectiveness. Users should carefully evaluate the entered stop-loss value to ensure it aligns with their risk management protocols, market conditions, and overall trading strategy to ensure optimal performance and risk control. Always consider testing in a safe environment before deployment.

👉 Read | Freelance | @mql5dev

#MQL4 #MT4 #script

Enhance your workflow by using hotkeys for efficient navigation through timeframes. Utilize the 'N' key to move to the next timeframe and the 'M' key to revert to the previous one. This method allows for rapid analysis and seamless transitions between different data perspectives. Implementing hotkeys into platform usage aids in maintaining focus and reduces the need for manual timeframe adjustments via menus. Prioritize efficiency by integrating these shortcuts into your routine, facilitating a smoother experience when conducting technical analysis or evaluating market trends.

👉 Read | CodeBase | @mql5dev

#MQL4 #MT4 #Script

A utility function automates saving the current chart to the default template, streamlining the process compared to manual saves. Users can assign a hotkey for quick access. The operation occurs instantly without confirmation prompts. For saving to a template other than default, edit the code to replace "default.tpl" with the desired template name. This tool enhances workflow efficiency by reducing repetitive tasks and allows for customization as per individual preferences. It is a straightforward implementation for those needing a quick method to manage their chart templates effectively. Configuring this tool aligns with efficient resource management in chart operations.

👉 Read | VPS | @mql5dev

#MQL4 #MT4 #script

Developers working with trading platforms might require a way to clear clutter from their charts. This script efficiently removes all auto-trading icons, such as arrows and connecting lines, while preserving the display of trading history. It provides a temporary solution, allowing auto-trading icons to reappear if the mode remains active. The utility is particularly useful for decluttering the object list accessible through the shortcut (Ctrl + B). It offers a streamlined approach without altering long-term chart settings, ensuring a clean workspace for those who wish to focus on specific chart details without permanent changes.

👉 Read | Calendar | @mql5dev

#MQL5 #MT5 #script

A new function is available to convert server times between broker time zones, specifically for stored times of bars, ticks, or economic calendar events. Identifying DST schedules for source and destination servers, whether US, EU, or none, is facilitated using an online script. The function incorporates standard offset notation, like JavaScript, where positive time zones have positive offsets (GMT+3 as +10800) and negative time zones have negative offsets. This contrasts with MQL5’s TimeGMTOffset(), which inverses this relationship. For a thorough understanding and extended functionality, the complete library is accessible online. It comes with additional features for enhanced time zone management.

👉 Read | AppStore | @mql5dev

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A code snippet is available for writing price values to a file, serving various practical scenarios in programming. This functionality is particularly beneficial for developing a local trade copier that utilizes a file-based transfer approach. Additionally, it provides a method for temporarily saving values, allowing them to be read in subsequent login sessions. Beyond these use cases, the code can also be used for logging custom data into a file for future reference. The ability to write data onto a file efficiently supports a range of applications, from transaction replication to persistent storage of temporary data. This approach is advised for operations requiring structured data archival and retrieval across sessions.

👉 Read | CodeBase | @mql5dev

#MQL4 #MT4 #Script

A new script introduces a countdown timer for the upcoming bar arrival designed for flexibility and ease of use. Unlike prior releases, this version is a script rather than an indicator, providing unique advantages in its ability to persist and be removed from the chart without complications. The script is developed to function seamlessly without relying on iTime or OnTimer, differentiating it from other implementations. This approach simplifies code maintenance and potentially enhances performance by minimizing dependencies on time-based functions. Developers and users might find it particularly useful for situations needing real-time bar transitions in trading environments.

👉 Read | CodeBase | @mql5dev

#MQL5 #MT5 #script

Announcement for MetaTrader 5 Users: The Clean Market Watch script optimizes your trading workspace by automatically clearing all symbols from your Market Watch window in seconds. It is engineered for traders who accumulate a clutter of symbols and seek a streamlined experience. Manually removing symbols can be tedious, but this tool automates the process, providing efficiency.

The script employs an effective algorithm that processes symbols in reverse order to maintain stable array indexing. Safety mechanisms prevent infinite loops, and all actions are logged for transparency. Users receive real-time feedback and a completion notification for assurance of task execution.

To use, open MetaTrader 5, locate the CleanMarketWatch script within the Scripts folder, and execute with a simple chart attachment. Post-execution, you'll need to manually re-add symbo...

👉 Read | Freelance | @mql5dev

#MQL5 #MT5 #script

This technical snippet illustrates a method for creating a button directly on a chart interface, facilitating improved user interaction. Once activated, this button executes a function designed to delete all existing orders. The process is comprehensive, accounting for diverse scenarios to ensure the function handles exceptions smoothly. Error messages are incorporated to provide immediate feedback in case of execution issues, enhancing user awareness of any operation complications. This implementation can serve as a practical model for integrating interactive components within trading platforms, demonstrating effective management of order cancellation processes.

👉 Read | CodeBase | @mql5dev

#MQL4 #MT4 #Script

The code provided offers the capability to configure alerts triggered upon the inception of a new bar, accompanied by a customizable sound notification. This functionality is essential for traders and developers seeking immediate updates without real-time monitoring. The implementation is designed to integrate seamlessly into existing systems, ensuring consistent notifications. Users can define specific audio cues, enhancing situational awareness during periods of significant market activity. Incorporating such an alert system enhances responsiveness and decision-making efficiency, a vital component for maintaining competitive advantages in algorithmic trading and automated strategies.

👉 Read | AppStore | @mql5dev

#MQL4 #MT4 #script

This script offers a comprehensive approach to candlestick analysis for traders. It efficiently retrieves essential data points, including opening, closing, high, and low prices. The script categorizes the candlesticks into bullish, bearish, or neutral based on the relationship between open and close prices. It performs amplitude calculations to determine differences between high and low values, and computes average amplitudes for both bullish and bearish candlesticks. The script identifies the top five significant candlesticks with the highest amplitudes in bullish and bearish categories.

A report is generated detailing the count of each candlestick type and average amplitudes, highlighting the top significant candlesticks. This report is displayed as commentary on the trading chart, providing traders with an enhanced visual understanding of the cand...

👉 Read | NeuroBook | @mql5dev

#MQL5 #MT5 #script