What is Metatrader 4 about?
MT4 has remained the most popular e-commerce platform among Forex users for approximately ten years. Its mobility, multiple features and security has made it a classic for all users who trade day after day in this market.
This first version uses a MetaQuotes language (MQL). This is a sequence of commands that is incorporated into the platform to implement specific exchange strategies, facilitate automatic trading and analyze information.
Additionally, the MQL4 has various functions such as:
The Expert Advisors are automated trading systems also known as commercial robots. These will analyze and make the negotiations in the system during a real-time event or a previously planned event. With the EAs you can create your own applications, use them, upload them to a code library or sell them in the Metatrader Market.
Custom Indicators are indicators that you can create on your own thanks to the MetaEditor embedded in the software, in addition to the 30 indicators that are already incorporated. With them you can analyze the commercial situations of the market and use them in your favor.
Scripts or scripts are responsible for handling operations at the beginning of an event. However, it is important that you keep in mind that it does not allow any other simultaneous operation. In addition, these scripts will help you calculate possible risks, as well as manage operations, export and import data and create orders in closed markets.
In them you can store the custom functions and blocks that you use frequently in your user program.