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Expert Advisor Programming for MetaTrader 5: Creating automated trading systems in the MQL5 language, by Andrew R. Young
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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, event handlers, 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 your strategies.
- 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. All programs and source code files featured in the book are available for download at the book's official website at http://www.expertadvisorbook.com
- Sales Rank: #794824 in Books
- Brand: Brand: Edgehill Publishing
- Published on: 2013-01-24
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x .72" w x 8.00" l, 1.39 pounds
- Binding: Paperback
- 318 pages
- Used Book in Good Condition
Most helpful customer reviews
3 of 3 people found the following review helpful.
Excellent book.
By Nickk
Fortunately, this book is excellent.
And I say fortunately, because there is little choice when it comes about programming in mql5.
Besides the MetaQuotes documentation and this book, I could not find anything else.
The concepts are clearly presented and obviously the author had the reader’s needs in his attention.
Compared to other programming books (programming in general) this book is very easy to read and the information is easy to assimilate.
At the moment I have some experience in mql5 and I found the book very useful for myself. Certainly it will help me to develop my skills and I am sure it would be useful for the more experienced programmers as well.
1 of 1 people found the following review helpful.
Great book!
By Luis Martirena
If you are looking for serious MQL5 learning, look no further, this is the book. I will give more stars if I could. Also, in page 3 it starts! Its the first technical book I read (and I read a lot) that starts right to the business in page 3! You will learn the basics, OOP, how to make some EAs, indicators, scripts, pending orders, trailing stops, etc, etc every step it is explained, great book. Of course then you will have to go to mql5.com and continue exploring there, but the book for example give you base files (all explained through the book) so then you do not have to modify too much things when you start with different strategies, indicators (the ones in MT5 and the ones you make). So, for me, it is great.
2 of 2 people found the following review helpful.
Only ok, plan to look things up online that are left out
By B.Lyman
You can find the same information online, so really this book is just for providing an organized tutorial. It's only "ok", still had to look a lot of things up online that the book left out.
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