Drishti Rai
9 min readDec 24, 2020

Meta trader 5

ALGORITHMICS BASED TRADING SYSTEM

“ Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.”

- Drishti rai

About Meta Trader- 5

A powerful platform for forex and exchange markets.

Successful trading on financial markets begins with a comfortable and multi-funtional trading platform. Meta Trader 5 is the best choice for the modern trader!

Meta Trader 5 allows you to enjoy is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. MetaTrader 5 is an all-in-one platform for trading Forex, Stocks and Futures. MetaTrader 5 allows you to enjoy the freedom of movement to the full extent — you can stay active while trading from smartphones and tablets. The Web Platform provides even more possibilities and allows you to work from any web browser and any device. By choosing the most convenient way from a variety of options, you can trade 24 hours a day! Believe me the whole scenario of the stock market. “Good things takes time”. This Meta Trader 5 is going to change the forex and the trading system.

META TRADER 5

Hardware and Software used :

MetaTrader 5 offers desktop, web and mobile versions of the platform. The desktop version offers superior tools for comprehensive price analysis, algorithmic trading applications through trading robots or expert advisors (EAs) and copy trading. MetaTrader’s mobile trading platform is available for Android or iOS on your smartphone or tablet. The mobile version supports the full set of trading function, allows monitoring of account status and viewing of trading history, among other things.

Meta Trader 5 for Anroid

Market Demand :-

Understanding the reason why a currency pair moves is essential to development of every forex trader. At the most basic level, price moves due to supply and demand imbalances in the market at any given time The supply and demand concept is a core component of economic theory. The Supply and Demand rule states that if the supply of a commodity is high and the demand is low, this generates excess which drives the price down. And conversely, if the supply of a commodity is low and the demand is high, this creates a scarcity, pushing the price higher. the forex market, if the supply for a currency pair is high and the demand is low, it will drive prices lower. If the supply for a currency pair is low and the demand is high, this will act to drive prices higher. The supply and demand of a currency pair is determined by the players in the Forex market .

Demand zone

Above you see the H4 chart of the USD/CAD Forex pair showing a strong demand zone between 1.2400 and 1.2360. Notice that every interaction with this level results in a price increase. It is important to refer to the Demand levels as an area and not as a single line on the chart.

Revelant Products in the market :-

In this modern era , there are many forex and secure service from where you can purchase trading robots, technical indicators, and scripts. The stockbrokers but MetaTrader 5 is a world’s largest store of applications for financial trading can be accessed from the Market tab of your trading platform or on the website. Find a trading robot with the most desired characteristics and start trading using the purchased application right away. The MetaTrader Market features more than 2,000 trading robots and indicators for MetaTrader 5. For your convenience, all products can be sorted according to the popularity, the price and other criteria. Each application is provided with a detailed description and screenshots.

Scalpers, martingale robots or neural networks — in the Market you can find trading robots complying in full with your trading strategy

Targets customers:-

In general,customers means consumer which has to pay for the product but the customer scenario is an earner which will earn through our company. Advanced traders. MetaTrader 5’s multi-asset, multi-functional platform is a better fit if you’re an advanced trader. It allows you to work with multiple accounts with different brokers. The platform provides price data, allows the use of a special type of non-tradable assets such as physical gold to provide margin for open positions of other instruments and create custom financial symbols.

Day traders. Day traders need a trading platform that’s fast, robust, reliable and powerful.

While humans remain a big part of trading equation,Algorithm play an increasingly significant role. Accordin to a recent study by U.K. research firm coalition, electronic trade account for almost 45 percent of revenues in cash . And while hedge funds are more reluctant when it comes to automation which is based on Algorithm. Mostly our target customers is trader,Buisnessman.

Required Knownledge or Expertise:-

The MetaTrader 5 platform uses the MQL5 language, which is an automated trading software that runs on your computer and trades for you. It can perform a variety of functions such as tracking financial symbols 24 hours a day, copy deals, create and send reports, analyze news and even provide a specific custom graphical interface.

You can robotize your successful trading strategy, as the platform provides for the entire development environment to create and optimize your own EA. Alternatively, you can choose several ready-to-use EAs, downloadable for free from Code Base, or purchase or rent from “MetaTrader Market,” the largest store of ready-to-use trading applications. You can also order custom applications from professional programmers using the freelance service.

1 About Algorithm Models Used:-

Trade account management through specialized MetaTrader 5 applications is called Automated Trading or Algorithmic Trading. These applications are referred to as trading robots; they can analyze quotes of financial instruments, as well as execute trade operations on the Forex and exchange markets. Trading robots can perform operations on financial markets and as a result, a trader can be completely replaced.

The MetaTrader 5 algorithmic trading components comprise the specialized integrated development environment MQL5 IDE. This development environment covers the entire cycle of trading application development, allowing the trader to create, debug, test, optimize, and execute trading.Automated trading applications, like the (EAs), in MT5 can be broadly classified into two category : tradings robot and indicaters . Trading robots are created to perform trading operations in your account automatically .whereas indicators are designed to analyse price action or identify price patterns on a chart.

Algorithm Trading system:-

4 Programming Language used :-

MetaQuotes Language 5 (MQL5) is a specialized high-level object-oriented programming language that allows creating trading robots and technical indicators. It is based on the concepts of the well-known and popular C++ programming language. However, due to its narrow specialization, MQL5 thrives in financial market programming challenges. MQL5 offers numerous functions for quote analysis, as well as built-in technical indicators, functions and tools that can help you control trading positions. Due to these possibilities of the programming language, all analytics and trade operations can be processed entirely by these MQL5 applications.

MQL5 programs have different properties and purpose:

1 — A Custom Indicator is a technical indicator intended exclusively for the analysis of currencies, stocks and other asset classes. Contrary to built-in technical indicators, this kind of instruments can be created by traders and execute any algorithm. Technical indicators do not have access to trading functions and cannot execute trading operations.

2 — A Script is a program intended to perform specific actions at a particular time. These programs also access all analytical and trading functions. Contrary to Expert Advisors, Scripts execute trade transactions only once.

Solution:-

In This we will take help of deep learning in our idea. Hence we are always ready to implement any ideas of brokers and develop custom MT5 solutions that will help to improve brokers performance and ease your lives. The operational workflow with crypt symbols in Trade Processer is very similar to the workflow with currency pairs. It significantly simplifies the user experience, particularly with switching from one liquidity to the other. This unique product provides both marginal crypto liquidity and crypto liquidity with physical delivery. Today Tools For Brokers innovation is supporting workflows with two largest crypto exchanges, Binance and HitBTC

Import Matplotlib’s `pyplot` module as `plt`

import matplotlib.pyplot as plt

# Plot the closing prices for `aapl`

aapl[’Close’].plot(grid=True)

# Show the plot

plt.show()

METATRADER 5 FOR SINGLE SOLUTION

Estimated Budget :-

verage spread EUR/USD — active 0.6

Average spread EUR/USD — standard 0.6

VIP or active trader discounts Yes

Starting a brokerage business with MetaTrader 5 is a fast and easy procedure. With this full-featured complete-cycle platform, you can organize brokerage services with no additional software.

The platform is available in three different options, and you can choose the one that best suits your business model and plans for the dynamic business growth.

Product pricing :-

MetaTrader 5 is available for brokers in three different options: an entry license, standard license and enterprise license. Entry license provides the capacity of 1,000 real accounts, the standard license offers 25,000 default real accounts and the enterprise license offers up to 200,000 default real accounts.

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Risk Analysis :-

calculates the risk in form of a potential maximum loss that can be induced by the currently open positions and the active pending orders. The results are displayed as the money and percentage risk per currency pair and as the overall total risk in the separate chart window. You can regulate the work of the Risk Calculator by turning on or off swaps, spreads, and commission calculation. You can also tune the visual display parameters. Additionally, maximum potential reward can be calculated. Moreover, you can choose to calculate risk/reward separately for open positions and for pending orders. The indicator is available for both MT4 and MT5.

Milestone and timeline :-

When using Milestone EA you should make sure that you are using a broker with low spread which should be below 2 pips. Broker must allow lowest lot size of 0.01. Recommended starting balance is between 100 and 300. First make sure you test it on DEMO account for at LEAST 1 month or longer before switching to your live account. Milestone EA should be running on 5min time-frame with recommended symbol of EURUSD and leverage of at lest 400. The above test in the graph was started with 100 USD for 1 year time frame. Trading is done with three (selectable) signal types. They are all of overbought/oversold and they are all very simple signals. A is based on fast and slow moving averages/price actions, B is adx cross/price action, C is when the market has been trending a while and price action. So you can turn these on and off depending on how fast you want to trade.

Drishti Rai
Drishti Rai

Written by Drishti Rai

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