How To Implement The DeMarker Indicator?
The DeMarker indicator measures the velocity of the price action directional trend by comparing the most recent highs and lows to the previous period’s equivalent price to assess the supply…
How to implement Bollinger Bands?
The Bollinger Bands indicator is a series of 3 trend lines, a set of two trend lines plotted at negative and positive standard deviation away from the third centered moving…
How to implement the Average True Range?
The Average True Range, abbreviated by ATR, is an indicator that supports traders to assess the market entry and determine the placement of a stop-loss order or an exit strategy.…
How to implement Awesome Oscillator?
The Awesome Oscillator, abbreviated to AO, is an indicator that helps traders to assess the market momentum. AO computes the difference between a 34-period and 5-period Simple Moving Average. The…
How to implement Alligator Indicator?
The Alligator Indicator is another technical indicator developed by Bill Williams. The indicator is a combination of three smoothed moving averages (SMA) of 5-period, 8-period, and 13-period. The SMA movement…
How to implement Average Directional Index ADX?
The Average Directional Index, abbreviated by ADX is a technical indicator that is effective to determine and measure the overall strength of a trend. It computes the average of the…
How to implement the Accumulation and Distribution Indicator?
The Accumulation and Distribution Indicator determines how supply and demand dynamics are influencing the price movement. The Accumulation and Distribution Indicator graph can move along the trend of the price…
How to implement Accelerator Oscillator?
The Accelerator Oscillator or abbreviated by AC is a technical indicator created by Bill Williams. This indicator helps traders to determine shifts in momentum. It is built from the foundation…
How To Use Indicators As A Decision-Rule-Based Trading Algorithm?
Understanding the concept of event handling functions and ticks is crucial if you develop trading algorithms, particularly with MQL4 and MQL5. You may already get to know about ticks and…
How To Get Information On Running Trade(s) And Order(s)?
MQL4 and MQL5 provide a group of functions named “trade functions” that allow developers to access and manipulate everything related to trades and orders. Before we deep dive into each…
How to modify running trade(s)?
The approach to modify a position in MQL4 and MQL5 is similar. However, the code structure might differ slightly. MQL4 uses the function OrderModify() while MQL5 uses the function PositionModify()…
How to Send Orders: BUY or SELL?
Most of the functionality and syntax between MQL4 and MQL5 are similar. However, some core functions and code structures may vary. This is, for example, the case for executing trade…