Meta Coder-MQL5 Expertise for MetaTrader 5

Example

Automating a dual moving average crossover strategy where the system buys/sells when a short-term moving average crosses a long-term moving average from below/above.

Scenario

A trader wants to eliminate emotional decision-making and manual monitoring of charts by automating their trading strategy. Using Meta Coder, they can code, backtest, and deploy this strategy as an EA on MT5, running it 24/5 on their trading account.

Example

Developing a volatility-based indicator that highlights periods of high market movement using average true range (ATR) and Bollinger Bands.

Scenario

An analyst seeks to identify market entry and exit points based on volatility. Through Meta Coder, they create a custom indicator that signals when to potentially enter or exit trades, enhancing their technical analysis toolkit.

Example

Creating scripts to automatically adjust stop-loss orders based on predefined conditions, such as moving the stop loss to breakeven once a trade is X pips in profit.

Scenario

To manage risk more efficiently and free up time from manual adjustments, a trader utilizes Meta Coder to write and implement a script that automates their stop-loss strategy across all open positions.