Introduction Opening MetaTrader 5 for the first time can feel overwhelming. There are panels everywhere, numbers updating in real time, menus inside menus, and toolbars you haven’t learned to read yet. But here’s the truth: MT5 follows a very logical layout, and once you understand what each section does, everything clicks into place. This article is your guided tour of … Read more
Part 2 of the Ultimate MT5 Tutorial Series In the previous article we explained what the Metatrader 5 platform is and what its main advantages and disadvantages are. Now we are going to show how to install the application on a personal computer (Windows and Apple) and on mobile devices. You can access the previous article in this manual at: … Read more
Part 1 of the Ultimate MT5 Tutorial Series Introduction If you’ve spent any time in the world of online trading, you’ve almost certainly heard of MetaTrader. For over a decade, MetaTrader 4 (MT4) stood as the undisputed king of retail trading platforms. But the trading world evolves — and so did MetaTrader. Enter MetaTrader 5 (MT5): a more powerful, more … Read more
Dear trader, In this article I want to show you how to program in MQL4 from Visual Studio Code. If you have ever used code editors like VSCode or Sublime Text, I am fully convinced that you won’t be very happy with the limited features that MetaEditor (also known as MQL4 Editor, which comes bundled with MetaTrader 4) has to … Read more
In this article, we will present a modified indicator for MT5 called HighLow Zones, which plots the high/low price levels of the previous day, previous week, and previous month. These are price zones where interesting price action often develops, such as breakouts of highs and lows or bounces. Additionally, the indicator includes a signal screener—a dashboard that shows which trader-selected instrument … Read more
Below, we present a modified indicator for the well-known MetaTrader 4 platform, designed to detect when the price on various instruments and timeframes is overextended either upwards or downwards relative to the average, represented by a moving average such as the 200-period SMA. This is a screener-type indicator that shows the markets where the price has reached a high/low of … Read more
Modified indicator for Metatrader 4 that displays bullish and bearish signals from the Stochastic RSI oscillator, which, as its name suggests, is based on the well-known Relative Strength Index (RSI). This indicator, called RSIEst Screener, also presents a screener or dashboard with Stochastic RSI signals for different markets and timeframes selected by the trader. In its basic form, this tool … Read more
The RSI is one of the most popular oscillator-type indicators because it tends to generate fewer false signals than other similar indicators and provides more reliable overbought and oversold signals. Many trading systems, including countertrend systems, include the RSI as part of their entry and exit filters, as it is one of the few technical indicators that has stood the … Read more
In this article, we will introduce a version of the Stochastic RSI indicator for the Metatrader 4 trading platform. It is a simple indicator that displays the value of the Stochastic RSI below the price chart. It allows the trader to select the calculation period and the price type used to calculate the indicator value. This tool was created by … Read more
In this article, we will showcase a modified indicator for Metatrader 4 called Donchian Scanner Signals, designed to display signals from this technical analysis tool on any timeframe and instrument provided by the broker. This indicator operates by presenting Donchian channel bands along with the following types of trading signals: Bullish and bearish crossovers of the upper band, lower band, … Read more