Expert Advisor Programming for MetaTrader 5: A Practical Guide to Learning MQL5

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.