The contemporary library presented allows an effortless interface with PNG graphic files and provides options for scaling them. PNG images can be uploaded in two ways: either via direct file upload or sourced from within an ex5 file.

When working with PNG images via resources, an immediate canvas can be formed and the images can be directly screened. Alternatively, the creation of a bmp[] bitmap array, discarding the step to create a canvas object for the image, can also be pursued. The bmp[] array can find pulse in more advanced implementations with proprietary canvases.

An imperative feature of the CPng class is the Resize(double NewWidth) method. It fosters the generation of new image sizes within the _bmp[] array, which can be screened by forming the canvas of corresponding size. The class instance will thus carry two bmp[] arrays (original size) with width "width" and height "h...

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Unveiling a technical strategy that employs a combination of indicators and tools to generate trading signals and targets. Noteworthy components include a 14-period stochastic oscillator, a 5-period stochastic oscillator, a 200-period moving average, and a Fibonacci projection tool. The stochastic oscillator, developed by George C. Lane, calculates a financial instrument's price momentum and strength. Amid trading, if the stochastic oscillator verges on the lower boundary, it indicates oversold levels and a bullish bias. Conversely, nearing the upper boundary flags overbought levels and a bearish bias.

Meanwhile, with the moving average technique, data is smoothed over a particular period to identify trends and formulate trading signals. This method calculates by averaging a given set of prices over a specific time, then updates as new data becomes available. Older data points are s...

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In the ever-evolving world of web development and programming, staying updated about the latest trends, technologies, and best practices is paramount. Recent advancements in Cloud Computing, Continuous Integration/Continuous Deployment (CI/CD), and the rise of containerization have significantly influenced our workflows and approach to software development.

Artificial Intelligence and Machine Learning applications are now more accessible and prevalent, with libraries and frameworks like TensorFlow, PyTorch, and Keras leading the charge. Coding languages like Python, JavaScript, and TypeScript remain popular, while Rust and Go are also gaining traction.

Web development sees a broad adoption of JavaScript and its frameworks such as React.js and Vue.js. Full-stack JavaScript development with Node.js on the backend continues to be a preferred approach for many developers. HTML5 and CSS3...

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Invest in technical knowledge, nurture coding skills, and simplify complex tasks with the use of MQL5 classes while developing MetaTrader5 applications. The comparison of building a graphical panel application using standard code and class libraries demonstrates the efficiency gained through the latter. Without the use of classes, code lines increase considerably. In contrast, the use of pre-defined classes such as Panels, Dialogs, Button, Edit, and Trade effectively reduces this complexity and enhances functionality. Save time, avoid repetitive coding tasks, boost productivity, and focus more on logic and quality development rather than basic code creation. Developers are urged to gain mastery of ready-made classes and built-in functions for improved coding skills. It helps in better understanding and designing customized requirements for trading panels; a vital component that aids t...

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Understanding the dynamic nuances of trading strategies is elemental. Highlighted here is a contrast between the wide-known Trailing Stop and the recently presented Trailing Take Profit. The former tracks price fluctuations until the stop loss hits, rendering the position closed profitably. The latter, instead, trails the price when a position is incurring loss, leading ultimately to the position's closure at a loss.

Consider a scenario: A position is sinking into losses when the current price reaches the TrailingTPStart. For example, if the TrailingTPStart is 500 points, the price reaches 500 points from the opening price, and the position is at a downward spiral of -500 points, this is where Take profit begins its trail. The TrailingTPDistance canvasses for the largest distance between the trailing take profit and the current price.

While this concept's utility may vary, it coul...

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To those looking to enter the realm of MQL5 programming, this article aims to provide a basic guide. It's important to stress, that novice programmers should not be deterred by their lack of experience. The road to MQL5 mastery is filled with trials and errors, but that's the essence of learning.

It's a misconception that to become a proficient coder, one must enrol in courses. It's through consistent practice and experimentation that one learns to mold a code to their preferences. One should always be observant of more experienced programmers, and adapt working source codes to their needs.

For beginners without prior knowledge in programming, learning C language provides the fundamentals for syntax and logic. Once C language is clearly understood, transitioning into C++ and reapplying the skills into MQL5 should be seamless.

Finding a mentor willing to guide through the process...

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In the realm of technical trading, the importance of effective chart analysis cannot be overstated. The Candle ZigZag indicator has emerged as a reliable tool in this aspect. Unlike the traditional line chart, which represents price movements in curves, Candle ZigZag helps traders analyze charts in a more distinct and clean-cut 'flat' mode.

A key attribute of the Candle ZigZag is its responsiveness to candlestick color changes, which prompts alterations in its leg. Another critical feature is its support for a period of 1. Notably, the standard ZigZag in the example folder lacks this function.

Users also have the convenience of enabling and disabling the 'close mode' as per their analysis preference. The difference in perspective becomes apparent when comparing Candle ZigZag (with close mode= true) to a standard line chart. The analysis becomes easier and more precise, charting new...

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Discover the merge of Heiken-Ashi charting and moving averages as a trend confirmation technique in this enlightening piece. Safely understand bullish, bearish, and Doji situations in market fluctuations using Heiken-Ashi (meaning "average pace"), a Japanese trading indicator that clarifies market trends by smoothing out OHLC data.

An introduction to Moving Averages is also covered, shedding light on the power of this versatile tool. Utilized to detect dynamic support and resistance levels, stops and targets, and the underlying trend, understanding moving averages is an essential part of any developer's toolkit.

Coding enthusiasts will find a comprehensive walk-through on generating trading signals using Heiken-Ashi charting and moving averages in the MetaQuotes Language 5 (MQL5). Lean about the functioning of a piece of code that opens and closes positions based on Heiken-Ashi and ...

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Unveiling a practical function for applying linear regression in pine script: the linreg(source, length, offset) function. As the cornerstone of financial analysis, linear regression delineates the best approach to align with price trends over specified periods. It magnifies precision through the least squares method.

The function's mechanics are encapsulated in this formula: linreg = intercept + slope * (length - 1 - offset). Parameters comprise the length as the y argument, offset as the z argument, while both intercept and slope derive from least squares computation on the source series (x argument).

The linreg function shines as an expeditious copy-paste instrument in projects transitioning from the tradingview platform. Bolster your coding arsenal with this function, enhancing accuracy, and efficiency.

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Continuing the exploration of the creation of a movable dashboard, the second part of the series brings further clarity through a refined method, suitable for EA/Indicator applications. The task of producing multiple movable dashboards calls for a streamlined process - thanks to .mqh files, this can be made simpler. This discussion will shed light on understanding the concept of classes, spotlighting their utility in developing functions and variables and exploring their fundamentals. Classes equip coders with improved management capabilities, making it easier to maneuver increasing complexity. This piece will also guide on creating and declaring classes, writing them, and effectively using them. Classes in .mq5 and .mqh are explored in depth, illuminating the addition of variables and values, and explaining constructors and destructors. Readers will also learn about access modifiers ...

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Presenting the all-encompassing 'Collect All Indicators Script' designed with an aim to amass all MQL5 in-built indicators buffers and save them in an easily accessible CSV file for meticulous analysis.

Bollinger Bands are represented through BASE_LINE, UPPER_BAND, and LOWER_BAND. The Average Directional Movement Index (ADX) portrays itself through MAIN_LINE, PLUSDI_LINE, and MINUSDI_LINE.

Diverse general indicators have been incorporated such as, Double Exponential Moving Average (DEMA), Fractal Adaptive Moving Average (FRAMA), Moving Average (MA), Parabolic SAR, Standard Deviation (StdDev), Triple Exponential Moving Average (TEMA), and Variable Index Dynamic Average (ViDyA).

Oscillators include Average True Range (ATR), Bears Power, Bulls Power, Chainkin Oscillator, Commodity Channel Index (CCI), DeMarker, Force Index, and multiple more. Indicators like Accumulator Distributor (...

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MetaTrader users often require real-time data sharing, such as trade transactions and account info, using technology like network sockets or web services. A solution could be the MQTT protocol since it offers high performance, low bandwidth consumption, minimal resource requirements, and affordability. While trade copiers are a frequently observed usage case, uses could extend beyond this, providing real-time data for machine learning pipelines, modifying EA performance due to real-time data, or operating MetaTrader from anywhere. Free and open-source MQTT libraries are available for various languages. While DLL-dependency presents some challenges, a native MQTT library for MetaTrader is an alternative.

In MQTT, the packet type determines the operational behavior. MQTT used in pub/sub and follows a standard for data transmission, called "packets", and each packet could contain up to...

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For those involved in Forex trading, there are techniques designed to manage open trades and mitigate risk. One such method consists of trading with uniform symbol and type selections, for instance, exclusively using GBPUSD and employing the 'BUY' option. There's a script designed specifically for this approach, the purpose of which is to secure a trader's position by implementing one significant trade as a hedge. The script then proceeds using the CloseBy() function to progressively counterbalance all open trades against this larger trade, continuing the process until all are resolved. It should be noted, for operational clarity, that this process can handle a maximum of 500 concurrent open trades. This volume should cater for most traders' needs and promote a more streamlined trading process. It's a practical approach to trade management illustrating how scripts can be harnessed as ...

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The CFileCSV class offers an efficient solution for handling CSV files. CSV (Comma Separated Values), a simplistic and widely-used file format, enables smooth data storage and exchange. However, despite its ease of use and compatibility, the lack of support for complex data types and potential issues during large data handling are amongst its limitations.

Designed to bridge MetaTrader 5 Strategy Tester and Python environments, the CFileCSV class aims to revolutionize the way data storage and loading are conceptualized. It has four central public methods: Open, WriteHeader, WriteLine, and Read, with additional private helper methods to assist in the conversion of formats for smooth file processing.

An essential advantage of CSV files is their universal accessibility, courtesy of their ability to be easily opened and manipulated in applications like Excel, Google Sheets, etc. Theref...

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Introducing a strategic approach rooted in highly engaging entry criteria, applicable to the construction of a trading bot. Despite the system's recent notable potential in market performance, refinement remains vital for practical testing, be it through a demo account or real currency. The strategy has been backtested with 30 Leverage and revolves around four primary inputs.

The 'Take Profit' or Tp acts as a multiplier of the entire invested amount, setting the desired profit, for instance, an investment of 1000 dollars and a tp of 0.05, will trigger closure of the ea upon reaching a 50-dollar profit.

'Multiplier', a definitive element of the grid, adjusts the volume. 'MaPeriod', a critical metric in the bollinger bands, indicates the period of the moving average.

Lastly, the 'StopLoss' is fixed at a factor of ten times of the 'Take Profit'. The combination of these elements ca...

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Dig deeper into the realm of category theory with a new article focused on orders and their potential role in enhancing trading strategies. Through the lens of ranking set elements, the article explores set orders and their potential to enhance trailing stop methods within traditional trading systems.

Discover how an approach rooted in category theory can illuminate a range of possible ordered set patterns, drawn from elements as diverse as price action patterns and common multi-asset index patterns. The study reformulates these various steps into subsets with the goal of extracting more meaningful patterned insights.

Delve into the distinct types of orders in category theory such as Pre-orders, Partial-orders, and Linear-orders, each with unique mechanisms for ranking elements within a set. Learn how each order's properties might be leveraged in a trading strategy, and understand...

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Post 1: In the first video, participants are given a comprehensive overview and understanding of IT infrastructure and its complexities. An eye-opener for both seasoned and new developers seeking to understand the nuances at work. Valuable insights are provided into the interplay of hardware, software, networks and data in IT systems.

Post 2: In the second video, a detailed overview of the basics of programming is shared. The content is beneficial to developers seeking to lay a firm foundation for their coding skills. The content covers essential aspects such as syntax, testing, debugging, and coding best practices.

Post 3: The third video is a rich repository of information about cutting-edge technology trends. It offers a peek into the future of IT and programming. This video holds immense value for those in the tech field seeking to stay abreast of technological advancements and ...

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Engulfed in the complexities of trading simulation? Break the barriers of finite historical data to establish a robust trading model using the arbitrary discretization method. Consider factors like pricing laws, volatility, and rate of pricing while you model pricing. Understand the essence of "alpha" value and rollback percentage to determine the market flatness. The probability of an upward step can be a useful parameter while simulating a new step. Incorporate the concept of a one-way trading model suitable for spot-trading of cryptocurrencies. The model showcases resilience towards spreads and eliminates dependency on trading leverage. Run through multiple simulations to determine the impact and effectiveness of your assumptions and calculations. Implement these concepts to create a detailed mathematical model for diversified trading using the rebuy algorithm.

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Art of the Code: Delving into Object-Oriented Programming and its implementation in MQL5. Strategies for creation of secure, streamlined and reusable code are essential for the proficient developer. A key method to achieve this is through the utilization of Object-Oriented Programming (OOP).

Understanding OOP and its efficient application assists developers in adhering to the 'Do Not Repeat Yourself' (DRY) principle, avoiding duplication and promoting code reusability. Such an approach can enhance software security significantly and provide numerous additional benefits.

Of particular importance is the applicability of OOP in MQL5 (MetaQuotes Language). Here developers are invited to utilize OOP principles to enhance their existing MQL5 coding techniques. The three fundamental tenets of OOP are crucial for this strategy; 'Encapsulation', 'Abstraction', and 'Polymorphism'.

The first...

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Subject: Use of Volume Profile Tool in Technical Analysis

Understanding trading tools is crucial for accurate market analysis. Among these tools, one of significant importance is the Volume Profile tool, commonly known as horizontal volume. This tool employs a horizontal histogram chart to visually represent transaction volume at different price levels within a specific time frame. Notably, transaction activity is reflected in the length of the bars - longer bars signify more trade volume at a specific price.

The execution of the calculations involved in this indicator is straightforward, favouring swift and lightweight operation. Displaying the volume profile within a designated time interval requires placement of two vertical lines appearing after the indicator's execution delineating the chosen time frame.

Adjustment of these lines allows modifications in the volume profile corr...

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