What is MQL?
MQL stands for MetaQuotes Language, an object-oriented high-level programming language which is used to create automated trading strategies for the MetaTrader platforms. It was specifically designed to create trading robots, custom indicators and scripts.
Features of MQL
MQL has a number of powerful features that make it an ideal programming language for creating automated trading strategies. These features include:
- Object-oriented structure for easy coding and debugging
- Access to all MetaTrader functions, including indicators and chart objects
- Built-in access to the MetaTrader 4 and 5 trading platforms
- Advanced testing and debugging tools
- Ability to create custom indicators and Expert Advisors (EAs)
Examples of MQL Programs
MQL can be used to create a variety of automated trading strategies, such as scalping, trend following, and news trading. Here are some examples of MQL programs:
- Expert Advisors (EAs) – automated trading strategies that can be used to open and close trades based on market conditions or a set of rules
- Custom Indicators – custom indicators that can be used to analyze market conditions in order to generate buy and sell signals
- Scripts – programs that can be used to automate common tasks such as setting stop-loss orders and closing all open trades
MQL is a powerful and versatile programming language that can be used to create a variety of automated trading strategies. It is easy to learn and provides access to all the features of the MetaTrader platforms.
Further Reading