Expert Advisor CreationExpert Advisors are programs that allow automation of the metatrader 4 ea tutorial definition and trading processes in the MT4 platform. First of all, it should be noted that programs discussed in this book can be used only as applications for working in MetaTrader 4 Client Terminal.
The following illustration shows the role of these programs in trade management. For a better understanding of the importance of these programs in trade management, let us look at the illustration.Figure 1 A program in MQL4 as a part of MetaTrader 4 Client Terminal.If you are interested in MQL4 programming, you must have become acquainted with the client terminal by now. The client terminal is a part of the online trading system.
This online trading system also includes a server installed in a dealing center. By Jean FolgerMetaTrader 4 is a trading platform developed by MetaQuotes Software for online trading in the forex, contract for differences (CFDs) and futures markets. MT4, as it is commonly known, can drfinition metatrader 4 ea tutorial definition at no charge directly from the MetaQuotes web site ( metaquotes.net) or through dozens of online forex brokers.
MT4Simple Expert AdvisorThis section dwells on the principles of creating a simple metarader Expert Advisor.Problem 29. Create a trading Expert Advisor.Preliminary Mdtatrader starting to program a trading Expert Advisor, it is necessary to define general principles of a future program. There are no strict program creating rules. However, once having created a program, a programmer usually continues to metateader it. To be able to easily understand the program in future, it must be created in accordance with a well-thought and easy-to-understand scheme (it is especially important if a program will be further improved by another programmer).
The most convenient program is the one that consists of functional blocks, each of which is responsible for its part of calculations. DoublerSimple Expert Advisor that simultaneously opens two positions in different directions, provided that the stop loss of the losing position triggers 5 points earlier than the take profit of the profitable one.
Integration of the custom indicator to the EA. definitioh It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. TradingAt XM we offer both Micro and Standard Accounts that can match the needs of novice and experienced traders with flexible trading conditions and leverage up to 888:1.We offer a range of over 55 currency pairs and CFDs on precious metals, energies, equity indices and individual stocks with the most competitive spreads and with the no rejection of orders and re-quotes execution of XM.
PlatformsStart trading the instruments of your choice on the XM MT4 and MT5, available for both PC and MAC, or on a variety of mobile devices. Expert Advisors for MT4 - ExamplesNote: These examples are for MetaTrader 4. If you want examples for MT5 please click here. Some of these examples are based on the 20 Trade Signals Article published by Metaquotes (Copyright Metaquotes).
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