MetaTrader 5

Various programs and MQL5 codes for your MetaTrader 5 terminal – download and study the code examples, or simply use the MT5 Indicators and Expert Advisors to improve trading results, minimize risks and increase profits.

Candle Range MT5 – indicator MetaTrader 5

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Candle Range MT5 - indicator for MetaTrader 5
Candle Range MetaTrader indicator — is a very simple and lightweight indicator that displays the candle’s range in pips on mouseover. In addition, to the High/Low range, it can optionally display the body size (Open/Close) for candles. Multiple display parameters are available to control how the indicator looks. This indicator is available for both MT4 … Read more

Forex news events reaction EA: An mql5 calendar introduction. – EA MetaTrader 5

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Forex news events reaction EA: An mql5 calendar introduction. - expert for MetaTrader 5
This Expert Advisor (EA) demonstrates how to use the MQL5 Calendar to create an automated trading system that reacts to high-impact forex news events. The main goal of this code is educational: to teach traders and developers how to interact with the MQL5 Calendar to identify and trade around significant economic news releases, such as … Read more

Zigzag fibo oscillator – indicator MetaTrader 5

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Zigzag fibo oscillator - indicator for MetaTrader 5
This is a quirky version of the Zigzag which is based on the MetaQuotes algorithm. Here are some differences and advancements: – The zigzag has two modes “Oscillator” and “HighLow”. The oscillator mode will show a visual oscillation of the zigzag swings, even though it’s not a true oscillator and it doesn’t have a fixed … Read more

Checking the server time changes due to the daylight saving time (DST) changeover – script MetaTrader 5

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Checking the server time changes due to the daylight saving time (DST) changeover - script for MetaTrader 5
Unfortunately, I discovered that some brokers are a bit sloppy with the server timechange due to the daylight saving time (DST), which I did not expect and which surprised me a lot.The FOREX session is exactly 120 hours:from Sunday 5:00 p.m. Eastern Standard Time (North America) or EST to Friday 5:00 p.m. EST.The problem arises … Read more

Symbol Swap Panel Utility – EA MetaTrader 5

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Symbol Swap Panel Utility - expert for MetaTrader 5
Description: The “Symbol Swap Panel” is a versatile utility designed for traders seeking to manage their chart symbols and Market Watch more efficiently. This tool allows you to easily swap the current symbol on your chart while automatically adding the selected symbol to Market Watch. The panel is tailored for traders who require quick access … Read more

Trend Equilibrium Indicator TrendEQ – indicator MetaTrader 5

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Trend Equilibrium Indicator TrendEQ - indicator for MetaTrader 5
Settings and Parameters General Parameters Momentum PeriodThe number of candles used to calculate momentum.Recommended value: 14(The higher the value, the smoother the curve, but with a lag.) Volatility PeriodThe number of candles used to calculate volatility.Recommended value: 14 Scaling FactorThe scaling factor adjusts the indicator calculation to produce a readable curve.Default value: 100000 Thresholds Overbought … Read more

Strategy report output into a chart – script MetaTrader 5

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Blue and red arrows displaying deals
Follow these steps: Put report_into_chart.mql5 into ¨\MQL5\Scripts” folder. Compile report_into_chart.mql5 and get report_into_chart.ex5. Unzip StrategyTester.zip and put StrategyTester.html into ¨\MQL5\Files” folder. Refresh your Metatrader 5. Run report_into_chart script from Metatrader and all deals will be displayed on the selected chart as blue (buy positions) or red (sell positions) arrows. Later you can replace StrategyTester.html file with … Read more

BollingerBandsEA – EA MetaTrader 5

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BollingerBandsEA - expert for MetaTrader 5
BollingerBandsEA trades according to Bollinger Bands. If the lower line is broken downwards, ES places a buy order and vice versa the sell position. The following settings are integrated: Magic number Fixed volume Percent volume Volume type Risk for Position Lots Stoploss in points Trading (minutes) begins after session start Trading (minutes) end before session Close … Read more

Script to Map Market Watch Symbols Based on Similarity – script MetaTrader 5

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Script to Map Market Watch Symbols Based on Similarity - script for MetaTrader 5
This script is a reference solution designed to help developers and MetaTrader 5 users solve a common problem: the mismatch between configured symbol names and the actual names provided by brokers. As a developer, I have faced this challenge when working on configurable Expert Advisors (EAs), especially those that handle multi-symbol strategies. It is common … Read more