We do not have time to learn something new, and this is a normal attitude of a normal human being. Traders are people just like everyone else, they want to get maximum results for the minimum of effort.
Create Your Own Trading Robot in 6 Steps!
There are several articles describing how to create an automated trading system using the wizard, including a "light version" MQL5 Trading robots how to write for Dummies and a "version from developers " - MQL5 Wizard: New Version. It all seems good - a trading robot is created in 5 mouse clicks, you can test it in the Strategy Tester and optimize the parameters of a trading system, you can let the resulting robot trade on your account without the need to do anything else manually.
CExpert is the class for creating a trading robot; this is the class that trades. CExpertSignal is a class for creating a module of trading signals; the article is about this class. CExpertTrailing is a class for trailing a protecting Stop Loss.
How To Code a Trading Bot
CExpertMoney is the money management class. Here is the whole force of the "great and terrible" approach that is called Object-oriented programming OOP.
But don't be afraid, now almost everyone has a cell phone with lots of function, and almost no one knows how it works. We do not need to study all this, we will only discuss some functions of the CExpertSignal class. In this article we will go through the stages of creating a module of trading signalsand you will see how to do this without having to learn OOP or the classes.
Create Your Own Trading Robot in 6 Steps! - MQL5 Articles
But if you want, you can go a little further then. Creating a Class from Scratch We will not alter any existing module of trading signals to our needs, because it's the way to get confused.
Right-click on the folder we have created, select "New File" and create a new class for our module of trading signals. Fill in the fields: Class Name - the name of the class.
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Base Name is the class from which our class is derived. And we should derive it from the base class CExpertSignal.
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Click "Finish" and a draft of our module us ready. It's all east so far.
We only need to add the include declaration to the resulting file so that the compiler knows where to find the base class CExpertSignal include ". There are no errors and we can move on.
Coding Your Own Algo-Trading Robot
We reach the step of selecting a module of trading signals and see And how can it be there? We do not add any indications for the MQL5 Wizard to understand that our class could be something useful. Let's fix this.
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If you look at the modules of the standard package, you'll see that each of them contains a header at the beginning of the file. This is the handle of the module compiled according to certain rules. And the rules are very simple.
Photo by M. This is a programming tutorial aimed at teaching you how to build a trading bot for learning purposes. Any decisions, investments, or risks you take as a result of building a trading bot are your responsibility. I cannot be held responsible for any decisions you make as a result of reading this tutorial. Remember: Bots can lose a lot of money, so you should be careful.
Open, for example, the source code of the module of AMA based trading signals see the logic description in Signals of the Adaptive Moving Average. And run the MQL5 Wizard choosing this module.
Compare: The last block in the handle refers to the module parameters, the first line contains the name of the module to be displayed in the MQL5 Wizard.
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As you can see, there is nothing complicated. Type - the version of the module of signals.
A Step-By-Step Guide To Building a Trading Bot In Any Programming Language
It must always be SignalAdvanced. Name - the name of the module after its is selected in the MQL5 Wizard and is used in comments for describing internal parameters of the generated Expert Advisor preferably specified.
Class - the name of the, which is contained in the module. Page - a parameter to get Help for this module only trading robots how to write modules from the standard delivery. The parameter type can be enumeration. The default value for the parameter, i. Now, knowing all this, let's create the handle of our module of trading signals. So, we are writing a module for getting trading signals at the intersection of two moving averages.
Which Are the Best Forex Robots and Do They Really Work?
We need to set at least four external parameters: FastPeriod - the period of the fast moving average FastMethod - the type of smoothing of the fast moving average SlowPeriod - the period of the slow moving average SlowMethod - the type of smoothing of the slow moving average You could also add a shift and the type of prices to calculate each of trading time management gain per day moving averages, but it does not change anything fundamentally.
Four external parameter to configure the trading signals. FastPeriod - the period of the fast moving average with the default value of FastMethod - the type of smoothing of the fast moving average, simple smoothing by default. SlowPeriod - the period of the slow moving average with the default value of SlowMethod - the type of smoothing of the slow moving average, simple smoothing by default.
Building robots for trading. What should a beginner know?
Save the changes and compile. There should not be any errors. Run the MQL5 Wizard to check. You see, our module is now available for selection, and it shows all of our parameters!
Congratulations, our module of trading signal looks great now!