Creating a ready-made Expert Advisor

MQL4/MQL5 Wizard allows creating fully operational EAs based on the standard library supplied together with the trading platform. To do this, select "Expert Advisor (generate)" on the first page of MQL4/MQL5 Wizard.

General parameters

Fill in the following fields:

• Name – EA name. The same name is assigned to an EA file. Here you can also change the path to a destination file. For example, create it in the new \Experts subfolders.
• Author – author name.
• Link – developer's email address or website.

A set of mandatory parameters created by default is described below:

• Symbol – specify a symbol the EA is to work on in the Value field. If "current", the EA works on any symbol. A chart symbol the EA is attached to is to be used as a working symbol.
• TimeFrame – specify a period the EA is to work on in the Value field. If "current", the EA works on any chart period.

Signals #

Signal modules are selected at this stage. An EA makes trading decisions based on data received from them. 64 modules are available in total. You can add any combination of modules, as well as a few similar modules with different settings, to the EA.

To add or change the module settings, click Add or Modify.

Specify signal module parameters:

• Name – customizable (added) signal module. Signal source code files are located in the \MQL5\Include\Expert\Signal\ directory. To open a detailed description of a selected module, click "?".
• Symbol is a working symbol whose price data are to be analyzed by the module.
• Use current – when enabled, a working symbol of the EA itself is selected as a working module symbol.
• TimeFrame – working period to be analyzed by the module. If "current", the working period of the EA itself is selected as a working module period.

Each signal module has a certain set of built-in parameters:

• Name – parameter name. For example, PeriodMA is a period of applied moving average.
• Type – parameter variable type. For example, int means integer.
• Value – default parameter value.

Trailing #

At this stage, select the type of moving stop loss and take profit levels.

Select a trailing type in the Name field. Source code files of the function data are located in the folder [platform data directory]\MQL5\Include\Expert\Trailing\. Each type of trailing has its own set of parameters.

• Name – parameter name.
• Type – parameter variable type.
• Value – default parameter value.

Money management #

At this stage, you should select a money management type for your EA.

Set a money management type in the Name field. Source code files of the function data are located in the folder [platform data directory]\MQL5\Include\Expert\Money\. Each type of money management has its own set of parameters.

• Name – parameter name.
• Type – parameter variable type.
• Value – default parameter value.

Click Finish to generate an MQ5 file of the EA. To obtain an executable EA file that can be run in the trading platform, compile the obtained MQ5 file. To do this, click Compile or F7.