Expert Advisor Programming for MetaTrader 5: A Practical Guide to Learning MQL5 - Paperback

by Andrew R. Young (Author)

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.