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My MT5 Corner

  • #1
  • First Post: Edited Feb 24, 2018 10:27pm Feb 15, 2018 3:03am | Edited Feb 24, 2018 10:27pm

Attached Image


It's been a while. Although I am still busy, I will share some of my MT5 experiments here as my time permits.
-------------------------------
Please note that this is not an MQL5 code-sharing or training thread, it is just an experiments corner.
There are tons of free codes and training material available on MQL5 site.
No guts, no glory
  • #2
  • Feb 15, 2018 3:09am Feb 15, 2018 3:09am
Quoting abokwaik
{image} It's been a while. Although I am still busy, I will share some of my MT5 experiments here as my time permits.
Good see coders start to accept MT4 is died...
Try don't lose pants never...
  • #3
  • Feb 15, 2018 3:22am Feb 15, 2018 3:22am
Quoting braintheboss
{quote} Good see coders start to accept MT4 is died...
Well, it's not dead yet. Over 75% of MQL freelance jobs are still on MT4.
I am not sure how long this transition period will last, but I think it's about time for MT4-only coders to start supporting MT5.

I anticipate a good potential for coders in converting MT4 EAs and Indicators into MT5.
No guts, no glory
  • #4
  • Feb 15, 2018 3:26am Feb 15, 2018 3:26am
Quoting abokwaik
{quote} Well, it's not dead yet. Over 75% of MQL freelance jobs are still on MT4. I am not sure how long this transition period will last, but I think it's about time for MT4-only coders to start supporting MT5. I anticipate a good potential for coders in converting MT4 EAs and Indicators into MT5.
Seeing how are coded almost all MT4 tools Im sure many projects will not converted or just coders will do they will go to mad. Its a nightmare old style code did by inexperienced coders
Try don't lose pants never...
  • #5
  • Feb 15, 2018 3:50am Feb 15, 2018 3:50am
The first project I will share here will be "H4 Hedging Basket".
The system will trade a basket of 4 majors EU, GU, UJ and UCad.
It will use no indicators.
No guts, no glory
  • #6
  • Feb 15, 2018 5:53am Feb 15, 2018 5:53am
That will be great, new to MT5.
  • #7
  • Feb 15, 2018 1:29pm Feb 15, 2018 1:29pm
I'll be following your thread. I switched to MT5 about a month ago.
  • #8
  • Feb 15, 2018 1:59pm Feb 15, 2018 1:59pm
Good to take a start on future requirements and thats what metaquotes trying since many years
  • #9
  • Feb 15, 2018 3:01pm Feb 15, 2018 3:01pm
Cool stuff AbokWaik,, it was about time someone wold start taking Mt5 seriously
.. I am using it daily now and much, much better than its predecessor Mt4
When using Mt5 for a while and going back to Mt4 all looks so slow and old, that's life_
The arriving better than the arrival, the journey has just started
  • #10
  • Feb 16, 2018 3:43pm Feb 16, 2018 3:43pm
Thank you all

Its too late here at ME, but here we go.
This is an MT5 EA that trades 4 user-entered pairs in one user-selected direction.
It takes trades on a selected H4 candle each day(Monday to Thursday), and closes all open trades on a selected H4 candle on Friday.
During the week, any time profit reaches the entered %, the EA will close all the trades, and wait for the next day.

EA is attached below.
This is the back test for 2018, using (EU,GU,UJ and UCad) with default settings, using "Every Tick based on Real Ticks" MT5 option.
1st test is using Long direction only:
Attached Image (click to enlarge)
Click to Enlarge Name: H4HB_1.png Size: 25 KB

Attached Image (click to enlarge)
Click to Enlarge Name: H4HB_1R.png Size: 29 KB


2nd test is using Short direction only:
Attached Image (click to enlarge)
Click to Enlarge Name: H4HB_1S.png Size: 23 KB

Attached Image (click to enlarge)
Click to Enlarge Name: H4HB_1SR.png Size: 34 KB


As you can see, although all settings are the same for both tests, both "Long only" and "Short only" options made profit at end of the test.
Is there some edge ? I don't know ?

You can try to test using one pair (for example in Pairs input enter EURUSD,EURUSD,EURUSD,EURUSD), or 2 pairs (EURUSD,EURUSD,USDJPY,USDJPY) and see how it performs.

Have a good night/weekend
Attached File(s)
File Type: ex5 H4_Hedging_Basket_1.ex5   69 KB | 646 downloads
No guts, no glory
  • #11
  • Feb 16, 2018 11:50pm Feb 16, 2018 11:50pm
Surely if you want people to move to MT5 you should at least include the mq5 file, not the ex5 file, else what is the point?

M.
If you think I'm mad, I must be mad
  • #12
  • Feb 17, 2018 1:19am Feb 17, 2018 1:19am
All this MT5 nonsense is just wasting our time (and money). At the moment (it already lasts for about 8 years) MT5 is for manual traders only. As long as MT5 doesn't feature a usable Strategy Tester it doesn't make sense to start coding for it. This is also the main reason MT5 is not accepted for automated trading. This statement is not only valid for traders but for brokers, too, as they can not offer MT5 to traders interested in automated trading. It just doesn't work (however, it works for manual trading/gambling with the known results).

In case somebody wonders why "MT5 doesn't feature a usable Tester": As long as we have no access to the test history we can not test, right? Because we cannot load data to test with, right? So what's all the fuss about? For automated trading it's not usable at all.

Or is somebody seriously testing with 3-4 months non-synchronized crap data with holes and spikes provided by the broker? If one does he/she must not wonder about the results.

ps: I make a bold prediction. As long as MT5 doesn't offer an appropriate test environment MT4 will not die and MetaQuotes will continue to make its main return with MT4 licences, as they do now. It doesn't matter if they stop selling new ones, their existing ones generate more than 90% of the overall return. With the MT5 we have right now I can't see a reason for it to change.
It takes blood, sweat and enough tears to wash away the blood.
  • #13
  • Feb 17, 2018 1:49am Feb 17, 2018 1:49am
Quoting emmzett
All this MT5 nonsense is just wasting our time (and money). At the moment (it already lasts for about 8 years) MT5 is for manual traders only. As long as MT5 doesn't feature a usable Strategy Tester it doesn't make sense to start coding for it. This is also the main reason MT5 is not accepted for automated trading. This statement is not only valid for traders but for brokers, too, as they can not offer MT5 to traders interested in automated trading. It just doesn't work (however, it works for manual trading/gambling with the known results). In case...
I think last time you try MT5 was a few years ago...
Try don't lose pants never...
  • #14
  • Edited 3:01am Feb 17, 2018 2:41am | Edited 3:01am
Quoting braintheboss
{quote} I think last time you try MT5 was a few years ago...
Nope, just yesterday. But you can enlighten us all and describe how to load your own data into the MT5 tester. If you can I'll do a big apologize and promise to immediately give up on MT4 and only promote MT5 in the future.

No pun intended, seriously.

Btw and not only to you: Anybody who can prove me wrong can run a business and earn loads of money only with his solution. There are successful online businesses providing the exact same for MT4, it's the single most hindering restriction in MT5 keeping serious traders away from it. If I get forced to trade via MT5 I have to write and test strategies in MT4 and afterwards I have to convert the strategy to MT5 for execution. I don't want to work like that.
It takes blood, sweat and enough tears to wash away the blood.
  • #15
  • Feb 17, 2018 3:27am Feb 17, 2018 3:27am
Quoting emmzett
{quote} Nope, just yesterday. But you can enlighten us all and describe how to load your own data into the MT5 tester. If you can I'll do a big apologize and promise to immediately give up on MT4 and only promote MT5 in the future. No pun intended, seriously. Btw and not only to you: Anybody who can prove me wrong can run a business and earn loads of money only with his solution. There are successful online businesses providing the exact same for MT4, it's the single most hindering restriction in MT5 keeping serious traders away from it. If I get...
You can use custom symbols inside backtester. And custom symbols are old offline charts in mt4. Then its evident you dont have any idea about MT5. MT4 will die soon because brokers will kill it. 1/4 price fee, new broker tools, dealer out of box...
Try don't lose pants never...
  • #16
  • Feb 17, 2018 3:45am Feb 17, 2018 3:45am
Quoting braintheboss
{quote}...its evident...
Importing long time minute data from CSV files? Do you understand what that means? Do you realize what your answer implies for tick data?

Sorry, solution not accepted.

ps: In MQL4 it's a built-in function called FileOpenHistory()
It takes blood, sweat and enough tears to wash away the blood.
  • #17
  • Edited 4:07am Feb 17, 2018 3:48am | Edited 4:07am
Quoting emmzett
{quote} Importing long time minute data from CSV files? Do you realize what that means? Do you realize what your answer implies for tick data? Sorry, solution not accepted. ps: In MQL4 it's a built-in function called FileOpenHistory()
Where i told csv? You can use any kind of data, even MT4 from any source ( file, internet...). I use binary data for import data from mt4 to mt5 for example
Try don't lose pants never...
  • #18
  • Feb 17, 2018 3:53am Feb 17, 2018 3:53am
Quoting emmzett
{quote} Importing long time minute data from CSV files? Do you understand what that means? Do you realize what your answer implies for tick data? Sorry, solution not accepted. ps: In MQL4 it's a built-in function called FileOpenHistory()
Its evident you are not coder. Import data in mt4 needs win32 api and a lot of work and tricks. That method is only for built in data. About APIs are you comparing a method with a full set?

https://www.mql5.com/en/docs/customsymbols
Try don't lose pants never...
  • #19
  • Feb 17, 2018 4:58am Feb 17, 2018 4:58am
Quoting futurespec
Surely if you want people to move to MT5 you should at least include the mq5 file, not the ex5 file, else what is the point? M.
I am not promoting MT5 here. I even prefer other platforms.
I am just dealing with the facts.

FF is oriented to retail traders, and MT4 is the widest platform used by retail traders.
Sooner or later, MT4 will be completely replaced by MT5.
Those traders who rely on MT4 will have to either upgrade to MT5 or switch to other platforms (NT,CT,CC,ND,TOS,TS... etc)

I believe most of those retail traders will prefer to upgrade to MT5 because it is the closest they can get to what they are used to, and because it is supported by most or all retail brokers.

As for the code, this was not intended to be an MQL5 training or a code-sharing thread.
There are tons of training material and free codes available on MQL5 site.

This is the source code for the EA. Not much there, the only tricky part is how to deal with multiple symbols I guess.

Attached File(s)
File Type: mq5 H4_Hedging_Basket_1.mq5   19 KB | 805 downloads


All the best,
Khalil
No guts, no glory
  • #20
  • Edited 7:28pm Feb 17, 2018 1:30pm | Edited 7:28pm
Quoting abokwaik
{quote} I am not promoting MT5 here. I even prefer other platforms. I am just dealing with the facts. FF is oriented to retail traders, and MT4 is the widest platform used by retail traders. Sooner or later, MT4 will be completely replaced by MT5. Those traders who rely on MT4 will have to either upgrade to MT5 or switch to other platforms (NT,CT,CC,ND,TOS,TS... etc) I believe most of those retail traders will prefer to upgrade to MT5 because it is the closest they can get to what they are used to, and because it is supported by most or all retail...
Hi abowaik,

Thanks for sharing your code. I hope this is not out of place, but here are a couple of tips...

A necessary step in working with multiple symbols is to first ensure that the symbol is selected in the market watch window. Since the SymbolSelect function will return false if the symbol does not exist, I would recommend replacing your invalid_pair function with
Inserted Code
if(!SymbolSelect(pairs[i],true))
{
   Alert("Error : Invalid Pair : "+pairs[i]+"\nCheck Symbol Settings");
   return(INIT_FAILED);
}
Or even better yet use CSymbolInfo which already does error handling, logging, etc.

Inserted Code
CSymbolInfo symbol;
if(!symbol.Name(pairs[i]))
  return INIT_FAILED;


You don't need to call TimeToStruct with Time Current, you can just call TimeCurrent and pass the struct
Inserted Code
TimeCurrent(time);

Instead of using copytime with an array just for the last (most recent) bar you can use
Inserted Code
datetime last_bar_time = (datetime)SeriesInfoInteger(_Symbol,_Period,SERIES_LASTBAR_DATE);

You can also use CSymbolInfo and CAccountInfo to cut way down on the verbosity of your code in order to greatly reduce your dev time and make the code more readable.
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