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MQL4 Arrays And Why You Should Be Using Them

I’ve been helping people to learn how to code in MQL4 since 2007 and by far the most confusing topic that seems to stump students is ‘arrays’. Why that is I’m not completely sure but I have a few theories. The idea of arrays sounds confusing at first and when I hear the blind panic […]

Adding ‘Margin Management’ to Risk Management – Part 1

One of the things to avoid when trading the Forex is a margin call/stop out, when your broker will close your trade on the spot without asking your permission. If you are using a computer program (or Bot), most brokers will shut down your EA at the same time, preventing any future trades until you […]

What’s the Difference Between MQL4 and MQL5?

The other week I had an email from a client asking what’s the difference between MQL4 and MQL5 and whether he should learn one or the other. One would assume that the two are somewhat related because after all both are MQL and both are designed to program indicators, scripts and expert advisors for MetaTrader…but […]

Code Your Own Candle Identifier in MQL4

There are quite a few indicators available that will identify various candle patterns but why not write your own? It’s really not that hard and you can customize it to only show the candle formations that you’re particularly interested in. As a simple outline I’ve written an indicator that will identify and mark inside bars […]