Complete MT5 Stochastic Expert Advisor Programming Tutorial For Beginners

Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4). Until now I only did videos in German but now I will start this channel with English videos to reach a larger audience of traders and help them improve their trading. There will be no fake trading on this channel and no lies. I show trading as it is - the good and the bad sides. Stay tuned and subscribe because you don't want to miss ;)

[ReneBalke]

Thanks for watching everyone! Glad that you appreciate the benefits of automated trading. Feel free to give me some feedback in the comments below.

[canigetsum]

The best professor in youtube university of mql5 coding the only one worth subscribing to and classes which i attend

[productvisibilitytvshoppin]

Nice haircut, almost didn't recognize you. I have been looking forward to your next video and now it's finally here. You are one of the better educators on MQL5 coding out there and your videos have helped me understand the nuances of the MQL5 code for a beginner where no other educator was able to do. Thank you very much!

[ratanabean]

Thanks Rene Balk for your video, simple explanations make me understand coding within 4 days since I know nothing about coding. Now I can code my own EA with my own condition. ❤❤❤ 🙏🙏🙏 You are the best teacher in coding in my heard.

[lewismutethia]

This is very helpful. I am glad I found your channel Rene .Thank you very much

[kenyapuzzle_lifeontop]

i just like how you do it step by step process, it is all we need. thanks for the share

[tumelokamogelo]

So far so good you are the best mentor i have ever met on youtube, from this video i have learnt to code my own EA just by following your video step by step.

Can you make another video still on stochastic that is based on closing positions if stochastic enters the overbought or oversold levels, and thank you soo much in advanced

[ytmish]

another suggestion: a video about adding money management to the strategy.
basically, risking 1% of the account for each trade, with variable stop loss according to the strategy.

[gabrielopokunyarkoh]

Hello Sir, thank you for the tutorials it was very educative. Sir please I wanted to ask if you could do a video showing just the stochastic crossing, when it crosses up it takes a trade or multiple trades and closes and opens trades on the opposite cross over without adding the 20 and 80 levels. I would be glad if you could consider it, much thanks.

[overcomersnetwork]

Thanks for the tutorial. could you do a video on this same strategy but one that closes a position on the reverse cross. For example buy on a cross upward and the trade is closed on the cross down? Thank you.

[MrDviratis]

Very good tutorial! Had a lot of fun with it! Thank you!

[vincentsekoboane]

HI Rene, thanks for all your great work. Is it possible to code like two moving averages on a stochastic oscillator window, if the answer is yes, how would you go about it?

[metalsir]

hello! many tks for your amazing job! i'm coding step by step following your tutorials and it's just beautiful. little question on the stoch: how can I code a buy/sell condition that makes a triple check? i'd like to check at first if both lines crossed each other (D and K) and only then if the 80 (or 20) line is crossed. makes sense? many tks boss

[ytmish]

great video, from zero to something working :D

one small suggestion: it would be better (i think?) to link to your tutorial for basics, instead of repeating everything from scratch, like types of variables)
you explained the basics well enough, and focus would be kept on the subject at hand now, strategy that is, functions and classes to be used for building strategies

another suggestion (for another video) would be to comment on the most used things when building strategies.
so that we can recognize the most important useful functions and classes, without the fluff, to start from a good base.

another suggestions would be to focus in one video just on arrays, how MQL5 decided to consider their arrays, because it's not a simple array, but it also has a direction, asSeries that is.
And with your style of explanation, that would be awesome for many
(personally, I was so confused about it, that I did 2 functions to check if array is indexed from left to right, or from right to left. the term Series is another dumb choice of mql5 devs, they seem to be experts in choosing dumb terms)

[ce-buka]

Hi, good day to you Sir
Please in line 51 to 65 of the stochastic EA tutorial ; At the position type section; is it possible to use posTp-Ask under position-type-buy. And Bid-posTp under position-type-Sell.
I only wondered about this when I remember that ask is often used for buy and bid associated with sell.
Thank you so much for All you've been doing for all of us!

[tylerquest-bu]

hello sir ....how to we code an ea that trades on candle high and low breakout

[Ict_first_born]

How do I see that this is time for buying and this is time for selling and will I be able to do more copies and sell the EA

[kalyanaraman]

Big Thanks for this video. I am getting 2 errors. One on line 37 '{' "unbalanced parentheses" and on line 121 '}' "unexpected end of program". Your help is much appreciated. Also expecting another video on the same Stochastic with exit on opposite trend (over bought / over sold). Thanks again. :-D

[WasimZayed]

Thank you for the very helpful detailed explanation 👍

[raphaeladedayo]

Many thanks for this great teaching. How do I enhance this EA with Ichimoku added to the Stoch indicator using same overbought/oversold strategy to initiate trades? thanks in anticipation.