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Metatrader Programming Overview

Metatrader is one of the most popular trading platforms out there. The extensive planning and control of opportunities for sellers and the powerful planning tool – the integrated MQL language – for traders make the system useful and versatile in its large scale.

MQL price Integrated programming language is C++ like language. His thoughts and words are familiar to many programmers and this helps them save time in learning. It is enough to understand the terminology and the basic concept of the Metatrader platform in order to start programming in the MQL language.

Using the MQL language it is possible to create several types of programs:

Expert Advisor. The main goal of the Advisors is to manage the trading activities according to the rules that have been set and which frees the trader from regular work. Expert Advisors may use in their services Custom Display and Libraries. Back Test Strategy Tester allows to test the effectiveness of strategies on old products that shortens development terms significantly.

Custom Indicator. The old signs have good visuals and internal storage so they can be used in Expert Advisors. Non-standard methods are also possible, such as the use of objects, audio announcement systems etc.

Notes. Unlike Custom Indicators and Expert Advisors scripts allow for one time code submission. This is useful for semiautomatic operations by traders. For example, open an order with confirmed shares or set the Stop Loss Level to a new value. For each new script it is possible to assign a hot key, which makes using the script faster and more efficient. It is worth noting one of the benefits of writing – instant execution. Custom Indicators and Expert Advisors code only for price changes in current currency pairs.

Library. Repeatedly used functions and pieces of code can be divided into libraries. It is possible to use libraries written in MQL or any other language. Using the interface of external libraries gives entrepreneurs unlimited opportunities in implementing their ideas.

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