Templates MQL Open Source. Template for Creating Expert Advisor

Brief

Creating Expert Advisors (EAs) to test your strategy using any indicator can indeed be simplified using templates and open-source resources.

Here’s a step-by-step guide on how you can create an EA in just 5 minutes using MQL Open Source Templates from Expforex.com.

Step-by-Step Guide to Creating an EA Using Open Source Templates

1. Download the Open Source Template:
   • Go to Expforex.com and navigate to the Open Source section where you can find MQL templates for MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
   • Download the EA template suitable for your platform (MT4 or MT5) and based on the indicator you wish to use.
2. Understanding the Template Structure:
   • The template will include pre-written code that handles essential EA functions such as initializing, opening, and closing positions based on signals from the indicator.
   • The main elements of the template include:
     • OnInit(): Initializes the EA and loads the indicator.
     • OnTick(): Checks for signals on every price tick.
     • Custom Function for Indicators: Functions that integrate custom indicators or built-in ones from MetaTrader.
3. Integrate Your Custom Indicator:
   • If you are using a custom indicator, find the relevant MQL code or .ex4/.ex5 file.
   • Open the EA template in MetaEditor and modify the code to call your custom indicator using the iCustom() function. For instance: double signal = iCustom(NULL, 0, "YourIndicatorName", IndicatorParameters, 0, 1);
   • If you’re using standard MetaTrader indicators, you can easily adjust the template to include them using their respective function names, such as iMA() for Moving Average or iRSI() for RSI.
4. Customize Your Trading Logic:
   • Inside the OnTick() function, add your custom trading logic based on the indicator’s signals. For example, to open a buy trade when the indicator gives a signal: if (signal > 0) { OrderSend(Symbol(), OP_BUY, 0.1, Ask, 3, 0, 0, "Buy trade", MagicNumber, 0, Green); }
   • You can also define conditions for closing trades, setting stop losses, take profits, and trailing stops.

Programming your strategy in 10 steps with Universal Expert Advisor The X!

1. Compile the EA:
   • After making changes, save the file and click on Compile in MetaEditor.
   • If there are any errors, the editor will highlight them. You can fix any syntax issues and recompile.
2. Backtest Your EA:
   • Load the newly created EA into MetaTrader’s Strategy Tester.
   • Select the timeframe, currency pair, and input parameters for backtesting.
   • Test how your EA performs based on historical data.

Testing and optimization of EA in Strategy Tester

1. Optimize and Refine:
   • If needed, refine the logic by adjusting parameters and recompile the EA.
   • You can also use optimization tools in MetaTrader to find the best parameters for your strategy.

You Can Download Free Templates

Benefits of Using Expforex.com Open Source Templates

• Time-saving: By using ready-made templates, you save time and effort in coding the fundamental parts of an EA.
• No Programming Expertise Required: The templates handle the core functionalities, and you just need to customize the specific logic related to your strategy.
• Customizable: You can easily integrate custom or built-in indicators, set up various money management techniques, and refine entry/exit conditions.

With this approach, you can create, test, and refine your own Forex trading strategies without extensive programming knowledge.

By leveraging Expforex.com’s Open Source Templates, even beginners can get a functional EA up and running in no time!

Description

If you’re interested in testing your trading strategy using indicators, you can create an Expert Advisor (EA) to perform automated trading on your behalf.

The good news is that you don’t need to have specialized knowledge in programming to create an EA.

With just a few simple steps, you can make an advisor based on any indicator in just five minutes.

Start Programming with MQL Open Source Templates

To get started, you’ll need to open the MetaTrader 4 (MT4) platform and navigate to the “Navigator” window.

From there, you’ll select the “Expert Advisors” folder and right-click to choose “Create“.

Next, you’ll select “Custom Indicator” and choose the indicator you want to base your EA on.

Once you’ve selected your indicator, you can customize your EA by setting parameters such as lot size, stop loss, and take profit levels.

You can also add additional conditions for opening and closing trades, such as time-based rules or multiple indicator signals.

After you’ve configured your EA, you can save it and attach it to a chart to start testing your trading strategy.

You can also backtest your EA using historical data to see how it would have performed in the past.

Creating your own EA can be a powerful tool for automating your trading strategy, but it’s important to remember that no strategy is foolproof.

Always exercise caution when trading and use proper risk management techniques to protect your capital.

Functional Features of Experts from www.expforex.com

Purpose of Templates:

Many traders have encountered the problem of writing their Expert Advisors.

• Where to begin?
• How to set take profit, stop loss, or trailing stop in the EA code?
• How to check if a strategy is working?
• You don’t want to pay for something that has already been done before.
• Have you found a similar strategy and want to improve it?

The X – Programming of Expert Advisor

As a programmer who specializes in writing advisors for trading platforms, I have noticed that every third order I receive from clients tends to be similar to its predecessor in terms of the underlying logic.

This similarity can be attributed to the fact that certain trading strategies or algorithms are more effective and popular than others, leading to a pattern in the orders received.

However, the good news is that such orders are usually carried out at a cheaper rate than those that require more unique logic and coding.

In order to efficiently write advisors for these similar orders, I make use of a variety of functions and libraries that I have accumulated in my set over the years.

These functions and libraries are specifically designed to expedite the process of coding and ensure that the advisor functions optimally on the platform. I carefully select the most appropriate functions and libraries for each order, depending on the requirements and specifications provided by the client.

This allows me to deliver high-quality advisors in a timely manner while also keeping the cost reasonable for the client.

Thanks to this site, you can now find a similar strategy and logic template when ordering, thereby saving both money and time.

Programming Expert Advisors: www.expforex.com © 2008-2024

Expert Advisor Template #1

This template is intended for the general purpose of creating Expert Advisors; it contains the most important and necessary functions for working with an EA. Among the capabilities of this template are:

• Using / NOT using – Stop Loss / Take Profit
• Use / NOT Use – Time Trading
• Use / NOT use – MarketWatch Technology for trading (inclusion – Only for those in the know)
• Use / NOT use – Pending Orders/Market Positions – to choose from
• Use / NOT use – Autolot or use of a fixed lot.
• Use / NOT use – Closing Positions based on a reverse signal
• Use / NOT use – Trailing Stop

Functional features of experts from www.expforex.com

Program Use Agreement – Templates #1

This Exp – Templates #1 Software Agreement is an agreement between you, the end user, and the author, operating under the pseudonym EXPFOREX.

Having decided to purchase the Exp–Templates #1 program, you agree to comply with all terms and conditions of this agreement.

You agree to comply with all terms and conditions of this agreement.

1. The author owns the exclusive property rights to the Exp—Templates #1 program and its development. You are only granted the right to use the Exp—Templates #1 program. Registration of the program is not required, and there is no time limit for its use.
2. You can purchase the Exp–Templates #1 program only from the author. All other methods of purchasing Exp–Templates #1 are illegal and may be prosecuted.
3. For the Exp – Templates #1 program, non-guaranteed technical support is provided. For all questions regarding the use of the program, you can contact the author, and if possible, assistance will be provided.
4. Exp – Templates #1 has no restrictions on how it can be used. This means that you can install the program on any number of computers and use it without restrictions.
5. All rights not expressly granted herein are reserved by the author.
6. The Exp – Templates #1 program is supplied on an “as is” basis. No warranties are attached or implied. You use the program at your own risk and will not have any claims against the author, regardless of the consequences of using the program.
7. The author will not be liable for any possible damage caused to you in connection with the use or inability to use the Exp – Templates #1 program, even if the author has been advised of the possibility of such damage.
8. The author is not obliged to notify you about the release of a new version of the Exp Templates #1 program or about changes to this agreement. You must independently follow the news on the author’s website.
9. Your purchase of the Exp – Templates #1 program from the author means that you accept all the provisions of this agreement and agree with them. If you do not agree to the terms of this agreement, then you should not purchase the Exp – Templates #1 program from the author.
10. The funds you transferred will not be returned to you under any circumstances.
11. No one other than the author of the Exp – Templates #1 program has the right to change the text of this agreement.

Expert Advisor, EA, Easy-to-Follow Guide, Create EA, No Programming Required, MQL Open Source Templates, Trading Automation, Forex Trading, Automated Trading Systems, Quick Setup, User-Friendly Templates

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