MQL5 Wizard flexing muscles

Development of the second version of the MQL5 Wizard is in full swing. This new version will offer a unique opportunity to generate Expert Advisors based on a set of signals. The new feature will enable users to create multiple Expert Advisors with different algorithms and parameters. The most important advantage of the MQL5 Wizard is that you won't need to learn MQL5 for creating EAs.

We have already received its first working version and can share the first screenshots. We need a few weeks to thoroughly test the program, after which we will present the enhanced version of the MQL5 Wizard to you.

http://c.mql5.com/3/3/MQL5_wizard_v2_1__1.png

http://c.mql5.com/3/3/MQL5_wizard_v2_2__1.png

http://c.mql5.com/3/3/MQL5_wizard_v2_3__1.png

When is this coming to MT4?

Unfortunately, its for MetaTrader 5 only.

News about MQL5 Wizard v.2:

1. MQL5 Wizard v.2 release date - April 2011
2. The algorithm generated by MQL5 Wizard can contain an unlimited amount of signals.
3. Every signal got its own "weight" and will be considered in the algorithm according to it.
4. The release version will contain about 15 different signals to be used in algorithms. More signals will be added after release.
5. Any signal can be used on its own security and period. It will give the possibility of multi-currency analysis, but not multi-currency trading. All the EAs generated with MQL5 Wizard will be single-currency only.

The new version of the MQL5 Wizard contains an important function: now trading robots can be created based on different combinations of symbols. This innovation allows using sophisticated quote analysis and getting more accurate signals. Ultimately this will increase the number and variety of automated trading programs created using the Wizard. Currently the MQL5 Wizard includes about 20 trading signals that can be combined to produce a variety of different algorithms.

http://www.metatrader5.com/c/17/2011...5_wizard_1.png

The rich functionality of the MQL5 Wizard is available to any user of the MetaTrader 5 trading terminal. This means that anyone can create a robot that will trade according to a user defined strategy. Now you receive a convenient tool for creating your own Expert Advisors based on multiple algorithms. The powerful functionality used by professional developers has become a truly democratic instrument in the form of the new MQL5 Wizard. All the wide opportunities of the MQL5 language are now available to all traders regardless of their programming skills.

"We have long been engaged in the development of automated trading. We are investing significant resources in this sphere, - says Renat Fatkhullin, the CEO of MetaQuotes Software Corp. - We have built up a powerful infrastructure around our MetaTrader 5 trading terminal: the community of traders at MQL5.community, the free code base of MQL5 programs, "Jobs" and "Market" services. Finally automated trading is becoming available to the masses!"

Lenar: I went through the wizard and cant seem to put together a break out strategy on this mt5, or is possible to do or do we have to wait until meta quotes comes out with more modules??