Manage your trade risk with money management. Add a flexible trailing stop and/or break even stop to your strategy. Calculate, verify and add stop loss and take profit prices to an open position. Place, modify and close market and pending orders. This book will teach you the following concepts: Learn the basics of MQL5, including variables and data types, operators, functions, event handlers, and object-oriented programming. Take advantage of MetaTrader 5's new features and take your trading to the next level You'll learn how to program expert advisors quickly and easily using a ready-made framework created by an experienced MQL programmer. The first guide to programming in MQL5 is here "Expert Advisor Programming for MetaTrader 5" is a practical guide to creating automated trading strategies in the MQL5 language. This book features dozens of code examples with detailed explanations, fully-functioning example programs, and reusable functions that you can use in your own expert advisors! Plus, learn how to create your own custom indicators and scripts! Whether you're a beginner or an experienced programmer, Expert Advisor Programming can help you realize your automated trading ideas in the shortest amount of time. Adjustments for fractional pip brokers and FIFO. Avoid common trading errors and easily troubleshoot your programs. Add advanced features such as timers, email alerts and Martingale lot sizing. Create flexible and reusable source code functions. Verify trading conditions using indicators and price data. Count, modify and close multiple orders at once. Add flexible trailing stops to your orders. Accurately calculate stop loss and take profit prices. You'll learn how to program these common trading tasks, and much more: - Place market, stop and limit orders. In this book, the author draws on several years of experience coding hundreds of expert advisors for retail traders worldwide. Whether you're a new trader with limited programming experience, or an experienced programmer who has worked in other languages, "Expert Advisor Programming for MetaTrader 4" is the easiest way to get up and running in MQL4.įinally, the first comprehensive guide to MQL programming is here! Expert Advisor Programming guides you through the process of developing robust automated forex trading systems for the popular MetaTrader 4 platform. All of the source code in this book is available for download, including an expert advisor framework that allows you to build robust and fully-featured expert advisors with minimal effort. Learn how to effectively debug your programs, and use the Strategy Tester to test your strategies. Construct basic indicators, scripts and libraries. Add alerts, emails, sounds and other notifications. Construct several types of trading systems, including trend, counter-trend and breakout systems. Add a flexible trading timer to an expert advisor. Use money management and lot size verification techniques. Add a trailing stop or break even stop feature to an expert advisor. Work with MetaTrader's built-in indicators, as well as custom indicators. Find the highest high and lowest low of recent bars. Work with OHLC bar data, and locate basic candlestick patterns. Get a total of all currently opened orders. Close orders individually or by order type. Add a stop loss and/or take profit price to an individual order, or to multiple orders. This book will teach you the following concepts: The basics of the MQL4 language, including variables and data types, operations, conditional and loop operators, functions, classes and objects, event handlers and more. Leverage the latest features imported from the MQL5 language, including object-oriented programming, enumerations, structures and more. Brand new and fully updated for the latest versions of MetaTrader 4, "Expert Advisor Programming for MetaTrader 4" is a practical guide to programming expert advisors in the MQL4 language.
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