Expert Advisor Programming for MetaTrader 5

Updated for 2025! The original book for beginners to learn MQL5 programming has been updated for the latest MetaTrader 5 features. Expert Advisor Programming for MetaTrader 5 is a practical guide to programming expert advisors, indicators and scripts in the MQL5 language. This book will teach you the following concepts:Learn the basics of MQL5, including variables and data types, operators, functions, event handlers, and object-oriented programming.Open, modify and close market and pending orders.Add stop loss and take profit prices to an open position.Add a flexible trailing stop and/or break even stop to your strategy.Manage your trade risk with money management.Use pending orders to scale in and out of positions.Use price, time and indicator data in your expert advisors.Control program execution by trading on the open of a new bar, and add a trade timer to your strategy.Walk through the creation of several basic trading strategies from start to finish.Inform the user with dialog boxes, email alerts, mobile notifications and sounds.Draw trend lines, arrows and text labels on the chart.Read and write data to CSV files and SQLite databases.Learn the basics of creating indicators, scripts and libraries in MetaEditor.Debug, test and optimize your trading strategy.Whether you're a trader with little to no programming experience, or an experienced programmer who has worked in other languages, Expert Advisor Programming for MetaTrader 5 will give you the essential knowledge to quickly and easily create fully-featured expert advisors for the MetaTrader 5 platform.

Updated for 2025! The original book for beginners to learn MQL5 programming has been updated for the latest MetaTrader 5 features. Expert Advisor Programming for MetaTrader 5 is a practical guide to programming expert advisors, indicators and scripts in the MQL5 language. This book will teach you the following concepts: Learn the basics of MQL5, including variables and data types, operators, functions, event handlers, and object-oriented programming. Open, modify and close market and pending orders. Add stop loss and take profit prices to an open position. Add a flexible trailing stop and/or break even stop to your strategy. Manage your trade risk with money management. Use pending orders to scale in and out of positions. Use price, time and indicator data in your expert advisors. Control program execution by trading on the open of a new bar, and add a trade timer to your strategy. Walk through the creation of several basic trading strategies from start to finish. Inform the user with dialog boxes, email alerts, mobile notifications and sounds. Draw trend lines, arrows and text labels on the chart. Read and write data to CSV files and SQLite databases. Learn the basics of creating indicators, scripts and libraries in MetaEditor. Debug, test and optimize your trading strategy. Whether you're a trader with little to no programming experience, or an experienced programmer who has worked in other languages, Expert Advisor Programming for MetaTrader 5 will give you the essential knowledge to quickly and easily create fully-featured expert advisors for the MetaTrader 5 platform.