Symbol
Info
The Symbol is a Library for MetaTrader 5 that the library offers essential tools for working with custom symbols and provides ready-made solutions for various use cases. For instance, when running backtests on cross pairs, the tester uses a main symbol and an additional one to convert the profit currency of the main symbol to the account currency.
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 Symbol
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 offers essential tools for working with custom symbols and provides ready-made solutions for various use cases.
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: close all open trades on different symbols - another powerful library for MetaTrader 5 traders.
The library offers essential tools for working with custom symbols and provides ready-made solutions for various use cases.Also recommended: Renko 2.0 Offline: Custom Symbol Information Generator - similar library with strong performance on MetaTrader 5.
For instance, when running backtests on cross pairs, the tester uses a main symbol and an additional one to convert the profit currency of the main symbol to the account currency. This process consumes significant computing resources and time, especially during optimization. However, this level of accuracy is often unnecessary.
The goal is to streamline this process in MetaTrader 5, similar to how MetaTrader 4 allows changing the account currency directly in the tester, which is not possible in MetaTrader 5.
You may also like: Renko 2.0 ATR: Custom Symbol Generator for MT5 - excellent alternative for library users on MetaTrader 5.
Source Code
#property script_show_inputs
#include <symbol.mqh>
void onstart()
{
const symbol symb("tester_" + _symbol); //
if (symb.isexist()) //
{
symb = _symbol; // (+ , ) -
symb.setproperty(symbol_currency_profit, accountinfostring(account_currency));
symb.setproperty(symbol_currency_margin, accountinfostring(account_currency));.......
⚠ 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.