Free MT5 Fibonacci Expert Advisor Programming Tutorial - mql5 Lesson

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) and MT5 (MetaTrader 5). 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 ;)

[ashleyvenasio]

You're doing a great work my brother, I am personally growing 🙏🙏

[Smeg]

Zie gevinnt meine Subscription Freund (sorry for my German of 30 years without practice). Nice job, you came up with solutions on the flow, live and i know it's very very hard coz sometimes it takes hours and days to solve something.

[tylerquest-bu]

great work Rene ..you are an insipiration to many

[leoclopezzz]

Nice work brother! It's really help me to understanding and programming my code trading.

[eduardomendes]

hello René. I made the ea here. but how to limit orders if one is open. example a made for a 30min candle close. but when the order is executed a new candle form and then a new order is set. how to block new orders if one is already open. tks

[javiercardona]

Nice tutorial, thanks for sharing. I believe there is an error in your implementation. You are calculating the trend by comparing the open and close prices in the previous timeframe (in your example, 1day). Instead of that, I believe you should compute the trend by comparing the time at which the high and low occur within the timeframe. Otherwise you could get the trend wrong. Probably it makes no difference in profitability, though...


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[PROPHETEMCHAUKE]

Thank you very much Rene for such great content

[emekaokpoko]

Thank you so much for building team of EA builders.

[sorooshb]

Hi, great video, awesome explanations!! Little question at 20:44 in the video, you precise that when the candle has a big wick(shadow) and a small body (Open to Close) there is no point for implementing the Fib. Which makes total sense. But in the coding where or how did you solved it, to stop the EA to place the Fib? Thank you very much super appreciated.

[moHAMMED-pdel]

Thank you for your video, I have a question, this script works on many currencies at the same time, I mean if added to eur usd and usd jpy....etc.

[AlphaCene]

Hey, i have 2 error, 'int'semicolon expected and 'if'-expressions are not allowed on a global scope????

[fbcckenya]

hello sir there someone who asking me to make him a robot that uses boom and crash spike detector what kind of indicator should use to achieve this or how do i go about it

[StandforChisi-krzm]

Hi Rene, i hope you're well, i've tried copying your code but no matter how i double check it's bringing errors

[StandforChisi-krzm]

I have been trying to copy this EA but it always brings an Error, i use MT5, if anyone has successfully done it please send me the code

[alejandrovalsecatraderfore]

and if I want to use it only from 7 to 11 Ny? what would the code look like?

[GuillermoLinares]

congratulations for all your videos
do you know how to make a robot that can read the buffers of the indicators ' ideally it should read from 2 indicators, one that makes a filter and the other that confirms the operation.

[djaarif]

For mt5 How to make horizontal ray lines with price same as trading view can you help us with this

[fadellubbad]

Good work but you fast i can't understand last part how can make older and change fib levels
Please

[kgothatsobojosi]

Rene can I ask how do you create a function for re entry if price hit sl maybe you want to re enter 3times for every trade you take on every signal you get

[rodne]

hi Rene i have copied this EA and coded it, im having a problem its opening alot of pending orders?