Building Automated Trading Strategies October 2018 | Page 33

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Back-testing module for evaluating the performance of any Expert
Advisor
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History of trading operations
The Metaquotes Language-4
MT4 offers also a great variety of applications using its own coding language
Metaquotes Language-4. MQL4 is a high-level object-oriented programming
language based on C++ and can create indicators and Expert Advisors (EAs).
A great advantage of MetaTrader4 is that it allows editing, compiling, and
running any indicator or Expert Advisor inside the platform itself. The
language allows developing complex EAs with large amount of calculations
and accurately manage almost all parameters.
The MQL4 language for automated trading:
❖ Custom Function Libraries
❖ Structure and syntax of the language is similar to C++
❖ Requiring low hardware resources
❖ Full functions for managing and controlling trading orders
❖ Built-in MT4 editor and complier allowing easy modification and testing
of any MQL4 code
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