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.
Whether you're a trader with little to no programming experience, or an experienced programmer who has worked in other languages, Expert Advisor Programming for MetaTrader 5 will give you the essential knowledge to quickly and easily create fully-featured expert advisors for the MetaTrader 5 platform.
