MetaQuotes Language 4

MetaQuotes Language 4 (MQL 4) is the language for programming of trade strategies built in the client terminal. It allows to write custom expert advisors that automate trade processes and ideally suit for implementation of traders' own strategies. Moreover, traders' own custom indicators, scripts and DLL's can be created in MQL 4.

Syntax of MQL 4 is quite similar to that of C language. A large amount of functions necessary to analyze quotes, manage positions, call technical indicators, and others, are included in MQL 4. The MetaEditor, an editor for expert advisors, is used for writing the source code of programs. The MetaQuotes Language Dictionary that contains descriptions of all language constructions and functions is built in the editor.

Programs written in MQL 4 are different in tasks and properties:

1. Expert Advisor is a mechanical trading system (MTS) to be run when a new tick incomes. It can work not only in the mode alerts, but also perform trade operations independently. Terminal allows to test trading strategies on history data in order to detect the expert features under different market conditions;
2. Custom Indicator is a technical indicator written individually. Custom indicators are used only for analyzing of price changes;
3. Script is a program that is intended for a single execution of some actions. Unlike experts, scripts are launched not tick by tick, but on a command.

To read more, visit www.metaquotes.net

Transform your trading strategy from manual execution to automated by having a MQL4 professional build you a custom Expert Advisor (EA).  

Want to list your MT4 programming services here? 

Email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it