Trade Algorithms
Info
The Trade Algorithms is a Library for MetaTrader 5 that trade functions library designed for use in the code of scripts and expert advisors depending on a broker. You can get acquainted with the Expert Advisors drawn on the basis of this library in the article.
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 Trade Algorithms
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
Trade functions library designed for use in the code of scripts and Expert Advisors depending on a broker.
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: AS Q Trade Frequency Controller - another powerful library for MetaTrader 5 traders.
Trade functions library designed for use in the code of scripts and Expert Advisors depending on a broker.
Also recommended: Asynchronous Institutional Trade Engine (Library) - similar library with strong performance on MetaTrader 5.
You can get acquainted with the Expert Advisors drawn on the basis of this library in the article .As a large number of the Expert Advisors using this library was placed in , it was decided to perform four variants of its program code to use these Expert Advisors with any broker who offers trading on financial markets using MetaTrader 5 Client Terminal:
For brokers who offer
nonzero spread
and ability to set Stop Loss and Take Profit
simultaneously opening
a position;
For brokers who offer
zero spread
and ability to set Stop Loss and Take Profit
simultaneously opening
a position;
For brokers who offer
nonzero spread
and Stop Loss and Take Profit setting
after opening
a position;
For brokers who offer
zero spread
and Stop Loss and Take Profit setting
after opening
a position;
All files placed in archives have one unique name -
TradeAlgorithms.mqh
. For the Expert Advisors in which use this library, only one variant of TradeAlgorithms.mqh file is allowed to use under its name in the terminal_data_folder\MQL5\Include\ of one client terminal!
After moving the library file all the Expert Advisors which use it should be compiled. For this, restart MetaEditor, open the Navigator window, right click on the MQL5 label and select "Compile" in the pop-up menu.
Functions
The library contains the following main trading functions:
You may also like: To Close All Open Trades of Different Symbols - 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.