mt-R
Info
The mt-R is a Library for MetaTrader 5 that the library requires a dll,, which should be saved to the libraries foldeer of the terminal, and the r. mqh file should be saved to Include.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use mt-R
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
The library requires a DLL,, which should be saved to the Libraries foldeer of the terminal, and the R.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Design patterns - Twin - another powerful library for MetaTrader 5 traders.
The library requires a DLL,, which should be saved to the Libraries foldeer of the terminal, and the R.mqh file should be saved to Include. The following directive should be included in the EA/indicator text:
Also recommended: Inc Momentum On Array - similar library with strong performance on MetaTrader 5.
#include <R.mqh>In addition, the path to the Rterm file should be written in the EA/indicator text. For example:
"d:\\R\\R-3.3.2\\bin\\x64\\Rterm.exe"
The #include <R.mqh> file contains links to both libraries, therefore after launch you will receive an error message,, saying that the library for the unused terminal cannot be loaded. That is, if you use the MetaTrader 4 terminal, you will get an error message about the R64 library and vice versa.
To debug the "terminal - R" interactioon, you can use DebugVeiw.
The use example is available in file R_Test.mq5.
The source 32-bit library for МТ4 was adjusted to 64-bit for МТ5 by
The library is distributed in accordance with the GPL-2 license, allowing commercial and non-commercial use with the obligatory reference to the source.
You may also like: Alphabet structure - excellent alternative for library users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.