MetaTrader Australia » Mql4

Metatrader Expert Advisor: How It Works

MetaTrader Global — Mon, 14 Nov 2011 00:56:51 +0000

Metatrader for expert advisor is developed from the MQL4 language. Basically, the metatrader for expert advisor aims to assist traders and investors initiate well calculated trade operations. The program is designed to help eliminate the unreliability, stress, and other hectic emotions that traders usually have when making forex trading decisions or when initiating strategies. Since the program can help calculate outcome and possible losses and other risks, a trader tends to be more secure. Risks are lessened.

You can choose from different kinds of expert advisor. Depending on the facilities and specifications you need, there is certainly a suitable program. If not, there are metatrade programmers who can develop the application you need. The simplest type of expert advisor is developed from the MQL4 language for MT4 platform. The good thing about applications from the language is that they are very accurate.

Regardless of how many times you use it, the expert advisor will be able to give you accurate results. The good thing about using this kind of application is that you get to match the way you do things with the system. You’ll be able to work simultaneously with the program.

It pays to really learn how the system works. Once you learn how things are not and how things “can” be done, you’ll make a lot of profit. Some metatrader software includes audio alarms; custom indicators along with a comprehensive forex trading system that expertly assist you throughout different forex trading dealings. Some metatrader programs even do the trading in your place. They examine the current situation in the forex trading market and take the necessary course of action.

They do their own market research. There is nothing more convenient than using this application. It’s hassle free and very lucrative. For further details check metatrader websites and forex trading forums.

MQL4 for Dummies

admin — Thu, 21 Jan 2010 22:59:45 +0000

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 textbook will help you create your own Expert Advisors, scripts and indicators and incarnate in them your ideas – your trading algorithms. The textbook is intended for a large number of readers without experience in programming that want to learn how to develop automated trading applications for MetaTrader 4 Client Terminal. The textbook is designed in such a method that to make learning MQL4 as convenient and consequent as possible.

Download the MQL4 for Dummies textbook

MetaTrader Tips – Expert Advisor Installation

admin — Mon, 16 Nov 2009 04:17:27 +0000

MetaTrader Expert Advisors file should have the file extension of .ex4 (compiled code) or .mq4 (sourse code). First it is necessary to copy this file to the folder Experts of the MetaTrader working directory (usually C:\Program Files\MetaTrader Broker Name or MetaTrader).

The second step is to restart MetaTrader. After the restart the expert should be added to the list of experts in the Navigator window. It necessary to stress that the colored icon corresponds to mq4 file. If you have an ex4 file only, an icon in the window Navigator will be grey. The same grey color may mean that the errors in a source code appeared.

In order to check errors in the EA, you can press F4, the editor of language MQL4 , and then it is necessary to load the source code of expert into the editor. Press F5 in order to compile the expert advisor. In case of success, the sentence ’0 errors’ will appear in conclusion window. Warnings are not errors and their presence does not hinder the successful compiling.

MQL4 Tutorial – Introductory Course

admin — Tue, 03 Nov 2009 08:19:19 +0000

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, a script to perform single operations, or create an Expert Advisor – an automated trading system (trading robot).

To view the full article, please visit: http://www.metatraderglobal.com/421/mql4-tutorial-introductory-course/

Custom Indicators in MQL5

admin — Tue, 03 Nov 2009 08:13:37 +0000

Finally we’ve got an opportunity to try the new trade terminal – MetaTrader 5. No doubt, it is noteworthy and has many new features as compared to its predecessor. The important advantages of this platform among others are:

Essentially modified language allowing now to use the object-oriented programming, still allowing to use the rich advantages of structural programming.
The code execution speed, which now is much faster than in MetaTrader 4.
Essential increase of possibilities for displaying the necessary information.

To view the full article, please visit: http://www.metatraderglobal.com/400/custom-indicators-in-mql5/

What Is Automated Trading

admin — Tue, 03 Nov 2009 04:41:12 +0000

Modern technologies allow us not only to trade in financial markets using personal computers, but we can fully automate a trading system now. Using a computer program you can relieve yourself from the routine of analyzing financial markets and performing trades.

Our client terminal has all functions that allow you to develop, test and use your trading system. The development environment named MQL4 is integrated into the terminal. MQL4 consists of MetaEditor, Strategy Tester and Compiler.

To view the full article, please visit: http://www.metatraderglobal.com/384/what-is-automated-trading/

Learning programming for the Metatrader 5

admin — Wed, 28 Oct 2009 08:47:36 +0000

The main difference between MQL4 and MQL5 is the appearance of the object oriented programming. So you can start learning MQL4 now, because:

If You know MQL4 the only thing in MQL5 to change in your programs will be names of a couple of start() init() deinit() functions;
If you know MQL4 the transition to MQL5 will be smooth;
If you know MQL5 you will know C language as well because they are VERY close;
Due to providing structures and other improvements in MQL5, there will be a LOT of new possibilities to merge MQL5 with any database, math, statistical packages etc.

To view the full article, please visit: http://www.metatraderglobal.com/381/learning-programming-for-the-metatrader-5/

Public Beta Testing of the MetaTrader 5 Terminal

admin — Tue, 13 Oct 2009 08:01:07 +0000

The public beta testing of the MetaTrader 5 client terminal starts today. This is the notional day for all of you, who are waiting for our new trading platform.

The stage of the closed beta testing of the client terminal is over. Totally, we’ve received about 300 bug reports and suggestions from our testers. The most of bugs have been fixed, while suggestions have been considered, and we’re planning to implement them. Since the testing started, we’ve released 20 builds of the client terminal.

Now it’s time for the next stage in the development of the MetaTrader 5 platform. Today the public testing of the MetaTrader 5 client terminal starts. Any trader can participate in it. You can also inform your traders about the testing and offer the new terminal to them.

To view the full article, please visit: http://www.metatraderglobal.com/183/public-beta-testing-of-the-metatrader-5-terminal/

Metatrader 5 Development – Interview with Stanislav Starikov

admin — Thu, 01 Oct 2009 02:45:08 +0000

The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4. This means that every indicator and expert advisor needs to be rewritten to work with the Metatrader 5 platform.

Metatrader 5 features

High performance and outstanding working speed
3 chart-types, 21 timeframes and over 70 analytical tools
5 order types and 4 execution modes available for trading operations on different markets (forex, options, futures and stocks)
Advanced built-in reports on all trading activities
MQL5 development environment with new IntellySence system and more advanced strategy tester

To view the full article, please visit: http://www.metatraderglobal.com/176/metatrader-5-development-interview-with-stanislav-starikov/

Source: MetaTrader Global – www.MetaTraderGlobal.com

MetaTrader 5 – Next Generation Forex Trading Platform

admin — Thu, 11 Jun 2009 09:56:19 +0000

The MetaQuotes workshop entitled “MetaTrader 5 – Next Generation Trading Platform” took place on 1-3 April in Kazan, Russia during which the developers have given a in-depth look at the next gen trading platform. The participants from all around the world have met the developer team of MetaTrader 5 and discussed functionalities and ideas about the next generation of the popular trading platform.

The participants have learned about the latest new features added to MetaTrader 5 like trading stocks, options, futures in addition to Forex using one single platform and how it can be utilized for their businesses.

Quoting from another trader/programmer who said: “MetaTrader has gained a huge following in the past five to six years, particularly with the release of MT4. MetaTrader 5 will likely prove to be a true next generation platform, with structural changes that will make it an altogether different and more powerful animal. I look forward to its release.”

Here are some of the futures of the upcoming Metatrader 5 platform:

Working with MQL5 will be easier than MQL4 (for a number of reasons, including reading/writing programs);
There will be more data types, structures, classes;
Faster execution speed;
Like MT4, the development environment will be released before the trading terminal;
Easier to transfer C++ source codes into MQL5.