Expert Advisor Programming for MetaTrader 5

Newly updated for hedging accounts, 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. 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. This book will teach you the following concepts:

• Learn the basics of MQL5, including variables and data types, operators, functions, eventhandlers, and object-oriented programming.
• Place, modify and close market and pending orders.
• Calculate, verify and add stop loss and take profit prices to an open position.
• Add a flexible trailing stop and/or break even stop to your strategy.
• Manage your trade risk with money management.
• Use pending orders to scale in and out of positions.
• Use price, time and indicator data in your expert advisors.
• Control program execution by trading on new bar open, and add flexible trade timers to yourstrategies.
• Walk through the creation of several basic trading strategies from start to finish.
• Inform the user with dialog boxes, email alerts, mobile notifications and sounds.
• Draw trend lines, arrows and text labels on the chart.
• Read and write data to CSV files.
• Learn the basics of creating indicators, scripts and libraries in MetaEditor.
• Debug, test and optimize your trading strategy.
• And much more!

Whether you’re an experienced programmer moving from MQL4, or a novice just starting with MQL5, this book will give you the foundation to quickly program fully-featured and robust trading systems. Allprograms and source code files featured in the book are available for download at the book’s official website at http://www.expertadvisorbook.com.

Table of Contents

Chapter 1 – MQLS Basics

Chapter 2 – Variables & Data Types

Chapter 3 – Operations

Chapter 4 – Conditional & Loop Operators

Chapter 5 – Functions

Chapter 6 – Object-oriented Programming

Chapter 7 – The Structure of an MQLS Program

Chapter 8 – Expert Advisor Basics

Chapter 9 – Order Placement

Chapter 10 – Creating An Order Placement Class

Chapter 11 – Stop Loss & Take Profit

Chapter 12 – Handling, Modifying & Closing Positions

Chapter 13 – Pending Orders

Chapter 14 – Trailing Stops

Chapter 15 – Money Management & Trade Sizing

Chapter 16 – Bar and Price Data

Chapter 17 – Using Indicators in Expert Advisors

Chapter 18 – Working with Time and Date

Chapter 19 – Putting It All Together

Chapter 20 – Tips & Tricks

Chapter 21 – Indicators, Scripts & Lib raries

Chapter 22 – Debugging and Testing