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EXPERT SYSTEMS - EXPERT ADVISORS

mql4-expert

MetaTrader platform allows  trading through automated expert systems (Expert Advisors).

The expert system is an automated trading system written in the language MetaQuotes Language 4 (MQL 4) which is incorporated into MetaTrader. You can create your own indicators, scripts and libraries using it. The program Code of expert systems is written by the editor MetaEditor four IDE (Integrated Development Environment), which is part of Trader.

Systems created by the language MQL II have the following features and benefits:

 

- automatic execution of transactions, according to preliminary criteria

Writing expert trading system does not require a skill of a professional programmer. It is sufficient to have knowledge of basic programming functions. In the expert system you can set your requirements on the bases which to carry purchases and sales. This way you set a definite strategy in the expert system and then you let this system to trade on the market for you.
- testing trading strategies on historical data

Once you've created Expert system 'Expert Advisor' you can test it back in history. This way you can judge whether the logic you programmed works for earlier periods or not. And based on the fact how it works  to prior periods decide to rust your account to it .
- Programming of own technical indicators

You can also create your own indicators. You can modify a  ready - made one  and then  re-create your vision with the code of MQL4.
- create scripts for a single performance of certain queries

They allow with one  touch to start the procedure that will be executed on all your orders.
- an establishment of libraries for storing frequently used programs

 

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