Simple and Profitable Forex Scalping Strategy MT5 Programming Tutorial

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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.

[HUCERBH]

amazing if i had to choose between watching movie and watching you 5 hours coding i will watch you keep at it and bring much complicated stuff

[nadernabavi]

Hi dear Rene, Thank you very much for this video, as always a very good source for programming Mql5 and experts. But a suggestion: add bollinger bands, for buy open position when above middle band and sell when below middle band. Two MAs work as usual in higher timeframe and show trend direction. TP & SL based on upper and lower bands. This works better.

[ikiyytours]

Bro, you God sent...
God bless your soul.
Thanks for giving back to the society.

[chrischris]

I was able to make this work and run a full one year test through the MT5 tester!

First but of code I've ever written and was able to create something awesome with you and through my research now I see your coding is very clean and efficient.

Can't wait to try the others and learn this skill!

[maximo]

I remake it to object oriented code with struct, that way It was so easy to menage with code. I need still rewrite some code to group commands together, that way For candle is separate code, for order is separate, and for moving average.
This is sample code:

struct CANDLE {
double infobid;
double high, low;

void update(){
infobid = SymbolInfoDouble( _Symbol, SYMBOL_BID);

int indexHighest = iHighest(_Symbol, PERIOD_M5, MODE_HIGH, 5, 1 );
high = iHigh(_Symbol, PERIOD_M5, indexHighest);

int indexLowest = iLowest(_Symbol, PERIOD_M5, MODE_LOW, 5, 1 );
low = iHigh(_Symbol, PERIOD_M5, indexLowest);

}
double bid(){
return infobid;
}
double highPrice(){

return high;
}
double lowPrice(){

return low;
}

};

[gamesick]

Thanks for the video! One thing though: Andrew explained in his video that the trigger bar hits under the EMA8 but not under the EMA21 (for longs). My approach would be to only check if this is true for the low of the last candle on each new candle once (first tick of new candle). This would be more accurate I think. I would appreciate some feedback one that. Thanks again, learned alot!

[sayedsulaimonsadat]

Thank u so much for the video! helped me get my feet wet with Mql5 and create my first working EA

[samadhanbhartiy]

"Rene, your MQL5 playlist is an absolute gem! ✨ Each video feels like a journey into the heart of trading, filled with practical wisdom and insights that have truly enriched my understanding. 🚀 Your dedication to sharing this invaluable knowledge shines through every tutorial, making learning MQL5 not just educational but also deeply inspiring. 🙏 Thank you for lighting the path towards mastery in such a captivating way. Your work is a beacon of excellence in the trading community! 👏

Thank you, Rene! ❤ Love you so much! 💖

[reedjames]

Welcome back! Thanks for making this video

[mushenji]

I have been looking for this EA for a long time. Thanks.

[tobagomango]

Thx again Rene for another excellent video, and also appreciate your efforts to do the tutorial in English although your native language is German :)

[RodrigoCampos-yfec]

Thanks a lot for this video, I have some background in programming but I didn't have any experience with robot advisors, so this helped a lot.

[michelerfb]

Thank you! Excellent video - please don't stop

[ikiyytours]

It worked, thanks bruh...working perfectly

[terva]

Great video! Keep up this MT5 programming tutorial series going!!! It helps us beginners a lot :))

[sakhilendebele]

great content man very informing this is gold thanks man I enjoy your videos

[artindepth]

René i want tp to be more than sl. I'm trying to do this double tp = (postion price open) - (postion sl) + (position price open) + or - ( tp pips) buy/sell

But with tp pips the postion in not closing
And if i remove tp pips it working fine


I also changed same things lots size as account balance same thing left right everything Is working but not this how can I make it work..?

Need to 100 points more than sl in tp

[MrTobbyone]

Hi René,
your work is amazing ! And listening to it is really empowering.
I just want to say that for the stop loss, in the ForexSignals TV video, it seams to me that the man says that the stop loss must be 3 points under the trigger candle and not the lowest of the last 5. Do you agree ?

[gempf]

you are great man, thank's from Argentina