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Development of applications for the MetaTrader 4 Client Terminal requires the knowledge of MQL4. This programming language MetaQuotes Language 4 is a fourth-generation language that has also been developed by MetaQuotes Software Corp. from their own many years experience. MQL4 is the first programming language to consider all niceties of trading on financial markets.
This present [...]

Read more about MQL4 for Dummies and view this post/page in full.

Jan 22nd, 2010 | Filed under MetaTrader General

Introduction
What is an indicator? It is a tool intended for displaying a certain type of data. Usually it is information about the price series properties, exactly this type of indicators will be considered further.
Each indicator also has its own properties and characteristics: for example, the range of values, the overbuying/overselling zones, the line crossing, tops [...]

Read more about Decorating Indicators – MetaTrader 4 and view this post/page in full.

Nov 18th, 2009 | Filed under MetaTrader General

People have been asking if the code of MetaTrader 5 (MQL5) will be similar to C++?
It was promised that MQL5 will be very similar to classic C / C++, except:

pointers. that staff with *.
goto operator.
anonimous enumeration.
some exotic staff from so-called “object-oriented programming”: classes constructors do not have parameters, no multiply inheritance etc.

From discussion of the [...]

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Nov 16th, 2009 | Filed under MetaTrader General

Hundreds of thousands of traders worldwide have already judged the MetaTrader 4 Client Terminal on its merits. The use of its embedded programming language, MQL4, lifts traders to a new level of trading – to automated trading. Now, a trader can implement his or her ideas as an application program – write a custom indicator, [...]

Read more about MQL4 Tutorial – Introductory Course and view this post/page in full.

Nov 3rd, 2009 | Filed under MetaTrader General

Here is a script which converts MQL4 code to MQL5 code was developed by Keiji and Circlesquares on the MQL4 forum.
First, download the following files and place them in your Metatrader 4 / experts / include folder
- mt4accountinfo.mqh
- mt4string.mqh
- mt4datetime.mqh
- mt4objects_1.mqh
- mt4timeseries_2.mqh

To view the full article, please visit: http://www.metatraderglobal.com/406/rewrite-mql4-to-mql5-script/

Read more about Rewrite MQL4 to MQL5 Script and view this post/page in full.

Nov 3rd, 2009 | Filed under MetaTrader General