Never Search for FVG (Fair Value Gaps) Again!! Free mql5 Indicator Coding Tutorial
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- Опубліковано 14 лис 2023
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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) 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 ;)
Instagram: / rene_balke
Trading in derivative products such as futures, options, CFDs, Forex and certificates involves a considerable risk. These products are not suitable for every investor. Investors could potentially lose all or more of the original investment. If anything, only money that equals personal risk capital and can be lost without jeopardizing financial security or lifestyle should be used. Partially or fully automated trading programs can only be used to support the trader. Past performance is not an indication of future results.
Great video! Love seeing classes, and structures implemented in coding
“ICT” / “Smart money concepts “ is a worthwhile endeavor to learn and automate, so I really hope this series continues.
Happy to discuss any questions you may have with it.
this is really great rene, i honestly been watching your videos since last year and without your channel i never would have been able to automate my strategy and work at the same time.
Woa thank you!!! Love the feedback
Good tutorial, i like how youre using the inlcude classes, makes the code more neat! thanks!
I came back to this video Balke, a very poweful statement @31:12
watcher_status = "I love this video"
watcher_status = True
serious_trader = "you should learn programming"
not_serious_trader = "you are just playing around!"
if not not_serious_trader:
print(f"{serious_trader}")
elif watcher_status == True:
print(f"{serious_trader}")
else:
print("not_serious_trader ")
😛
René thank you so much for this, I've been waiting for a video like this for such a long time!
I'd like to ask just a tiny question if you don't mind? Will there be the same video, but for Metatrader 4? I'm a beginner programmer, and there's a strategy that involves fair value gaps that I'm trying to develop.
@@oratiletamalah4765 MT4 is pretty much dead. Brokers moving away from it..
I'm not familiar with the indicator making side of mql , but this was really easy to understand thank you.
Thanks for your videos René!
Was ein Ehrenmmann du bist!! Dein Brain ist anders bro... War mein erstes mal auf deinem Channel und ich hab zwar nur Bahnhof verstanden, aber dank deiner Hilfe hab ich das wirklich hinbekommen... Wollte zwar eigentlich nur schnell den code kopieren, aber du hast mich gezwungen eine Nachtschicht durchzuziehen. Noch ein kleines extra feature für einen Alarm trigger wäre auch ein heftiges add on. Auf jeden fall danke vielmals für die Mühe dieses lange Video zu machen und dafür, dass du dein Wissen teilst! Werde ab jetzt deinen content mitverfolgen. Respekt!!
Danke Bro! Viel Spaß mit den anderen Tutorials ;)
Thanks, great tutorial 👍
Hi Renee,
An incredibly welcome addition to the OOP and classes course. I'm still looking for an extra supplement to complete the circle of understanding.
What if I want to create a combination of shaped child classes with the CObject and then generate (dynamic) new objects from them instead of just making adjustments? Take, for example:
If 5 dogs (child classes) emerge in the market with a specific number within certain ranges, I want to place a kennel (square) around these dogs.
If multiple dogs emerge in other areas, I want to build different (dynamic) kennels.
Should I work with multiple classes for this, or can it be done in the same class with the CObject function? I hope that you might produce or add something like this to the course or YT someday.
Excellent. This video is what I have been looking for. Most videos use current time such as trading MA cross etc but this is using previous candle values which is what I want.
I followed most and was able to get the code working but did get confused a bit when going back through the array to get the values. Originally I thought the second array was within the first but then realized the first wrote the array and the second used it.
What would be good for a future video, as a follow on, would be to make an Expert using the array in this indicator. I don't use FVG but more to see how to use arrays for the buys and sells.
I was originally planning to put the values into a database (I understand SQLite is best for mql5) and get data out with queries but it seems unnecessary then. What are your thoughts on using a file or database instead of array or do you still need to convert to an array anyway? Thanks!
next should be orderblocks
Hi Rene! I've learnt a lot from this video honestly, and I appreciate your content a lot! I just wanted to ask something regarding the 'Alert' function, I tried adding the Alert function within the 'Draw' function so I can be alerted when a new FVG has been created, but it seems I get alerts for every single FVG on the chart as soon as the initialization function begins, so is there a way to overlook the previous FVG's and just start alerting only on the newly created Fair Value Gaps? Pls help🙏🏼
Ty Mr rene
HI. Today I did some more tests, or rather attempts. I keep the FVG concept in mind and more or less know the basics. Do you think it makes more sense to use the delete command using low and high or close and open?
From what I know and as I have seen in some pine codes the rectangle is not truncated or eliminated completely until the price closes beyond and not through the wick. In your opinion or others in the community, does it make more sense to use the wick or the body?
Thanks to anyone who wants to give their opinion
Thanks
Thank you for helping us to learn how develop strategies on Mt5, but I have one problem after testing the strategy on stratey tester how to download the result on excel sheet. I mean the trade details like entry date and time, win and loss, entry and exit price. Because those will help to analyze data. Yes there is Analysis page on Mt5 but I prefer to get the Raw data. So how i can down load the data. Waiting your opinion.
hi rene how do i get to mark swing lows that form inside of a fair value gap?
Oh great!!! But is it possible to remove rectangle if fvg is close?
Orderblocks / supply and demand
good tutorial, next one a strategy with using this indicator? :)
Yeah I will upload the tutorial for the ict silver bullet next. I will not use the indicator itself but the same concept to find fair value gaps ;)
HI. Like your other videos, this one is no different in terms of quality and explanation.
I would like to ask for guidance on how to make a change.
I'm not yet very familiar and good with mql5, not even 4. I know the basics of programming and can understand how it works in a basic way.
I would like to stretch the rectangle with each update of the bar until it is passed beyond.
Which way would you recommend?
thanks so much
Thank you
@ HI. Thanks for the reply. I understand and will take the course in the future. I'm currently saving as much as I can to start at the beginning of the year. My English is a little too basic and I hope to be able to understand as much as possible from the video courses.
Today I did a lot of testing and changed a parameter inside the if of the second for loop. I should find a way to limit the number of bar in the back because it stretches all the bar in the back to the current one and it's extremely slow
thank you for your work.
in the line where you define bool isFvgUp shouldnt it be there as following?
bool isFvgUp = low[i] - high[i+2] > FvgMinPoints * _Point && low[i] - high[i+2] < FvgMaxPoints * _Point;
because you wrote:
bool isFvgUp = low[i] - high[i+2] > FvgMinPoints * _Point && high[i+2] - low[i] < FvgMaxPoints * _Point;
Hi , can you please help me with fixing 2 errors on my EA code. The errors are 'DEAL_BUY' - undeclared identifier and 'ORDER_BUY' - undeclared identifier?
great video how about a gap indicator can you do that stuff also
Sure you can do almost everything with mql5 programming
can you please do a video on gap indicator not fvg but real gaps @
Will there ever be a MasterClass Christmas Special?
Probably not :D I do not make a lot of promotions
Hey Rene. I can only get the blue rectangles to display. I’ve been over the code so many times comparing to the instructions. I’ve got something wrong but cant pinpoint it. Any thoughts?
Hard to tell without seeing the code. Make sure to compare everything again. There has to be a difference you did not spot yet
I have same issue
Still trying to figure it out I hope I do soon
Thanks for this great tutorial bringing coding plus trading together is surely going to be a bomb I can't wait to take your masterclass soon..
Thanks once more
How can we set a limit order on an FVG?
The CTrade class has a function for placing limit orders.
Can't seem to get FVG_DN to draw onto chart? Only FVG_UP is showing. Any advice?
Hard to tell without seeing the code. You should check the video again and make sure you copied everything correctly :)
@ReneBalke I having the same issue and I copied it exactly to the same level of detail. I even watched this video 3 times to see what I missed but can’t seem to find it.
FVG or liquidity voild
Hi Rene,
I tried following you step by step but i am getting an error, can you please send me the codes?
Did you get the finish results?
I also got too much errors
Problem with FVG.time: that's not how FVG is traditionally drawn it should be drawn on the bar before so time[i+1] ;)
Otherwise it's excellent tutorial I know MQL4 but not MQL5
You will easily understand mql5 if you can code in mql4 already. It is really similar ;)
@ I'm trying to now have compatible code for both :)
fvg.time = time[i+2] and fvg.draw= time[i+2]
will do the trick
Is it working in Backtest? When I press History - shows nothing
If you use the tester and select this indicator you should be able to use it in the tester yes.
Where is the code sir?
There are too many FVG , how to choose ?
Bro I do not know :D ask ICT
can you share this code in a github? would be helpful
I deleted it already I am sorry :/
next should be orderblocks
Maybe. I am not sure if I will do more ICT stuff in the future. Do these orderblocks follow a strict rule set or is it more like interpretation stuff?
@ this is a fairly decent explanation of SMC / ICT style trading and rules.
(There’s more to it to get even better results - news and other fundamentals)
ua-cam.com/video/afpC431fNsI/v-deo.html
There’s several types of Order blocks.. (OB) an OB is simply the price point that there is lots of trades (think volume profiles / support & resistance)
To start with, I’d more focus on the OBs at the extremes (high / low trading structure). Look at the FVGs at those OBs for entry with SL a bit beyond the swing high / low.
Finding areas of liquidity might be good as well.
Should be able to use what was show in Rene FVG video coupled with this video on OBs to make your own valid OB indicator.
Pretty much the same stuff, just instead of calculating the FVG you calculate the OB. Then check for if it’s a valid one or not using the linked vid (or any other vid that discusses valid Ob rules)
ua-cam.com/video/vqPsNCihUlc/v-deo.html
@ there are a some rules (like - the last down candle before an bos of an swing low defines an bearish ob).
the thing is there are a lot of different obs (google pd-array matrix for more; breaker / mitigation / rejection ) and ict things allow discretionary scope ...
orderblocks on retail level are discretionary IMO. only large institution can surely tell where are these areas as they are the ones making it. for everyone else, it is simply support and resistance levels. OB were rebranded name only like FVG = imbalances.