The Magic Number is an identifier that you can assign to an order in Metatrader 4 using the MQL4 language. What is The Magic Number When working with Scripts, Indicators and Expert Advisors in MetaTrader4 you may arrive to a … Read more
In this article you can learn how to check if the price is the first on a New Bar with MQL4. When you are programming an Indicator or an Expert Advisor you want in many cases execute some task at … Read more
In this article you can learn how to get the current spread value using the MQL4 and MQL5 language. The spread can be in many cases the reason why a strategy is not profitable. As a trader we always want … Read more
Risk Reward Ratio for MT4 is a simple tool that calculates and shows the expected Risk Reward for a Trade in Metatrader. Risk Management involves two important aspects: Lot Size Calculation and Risk Reward Ratio. MT4 Lot Size Calculator is … Read more
Error 4109 – Trade Is Not Allowed – is a very common error when working with Expert Advisors in Metatrader 4. The error is the result of a setting in the MT4 options and can be easily fixed. What Is … Read more
Orders Management is a fundamental task when working with Trading Tools and Expert Advisors. In some cases, especially when there is a trigger from some risk management. You might want to close all the open orders. In this article we … Read more
MT4 Templates are quick ways to setup a chart with your favourites settings and parameters. When you are trading it is very probable that you often work with the same indicators. Also, it is very likely that you want to … Read more
Metatrader 4 is definitely a great platform for trading but it has some limitations. In some cases traders want to have a quick way to place orders with perhaps some default settings. To fill this gap I created the Expert … Read more
Pending orders are an important aspect of Forex and trading in general. In fact, some strategies are actually entirely based on pending orders. In this article you will learn about pending orders and how to submit and delete multiple and … Read more
In this article you can see how the Trading Session Time Indicator for Metatrader MT4 and MT5 can help you visualising trading sessions and specific times of the day. What Are The Trading Session Times Trading instruments can be more … Read more
