MetaTrader 4 Features
MetaTrader 4 features the highest security and technology standards. It supports the native MQL4 (MetaQuotes Language 4) programming language, which enables the development of various custom trading tools to be utilised on the MetaTrader 4 trading platform. MQL4 is based on the popular C++ and its flexibility can help create the following:
- Expert Advisors (EAs). EAs are basically programmes that make it possible to apply automated trading strategies in the forex market.
- Custom Indicators. Aside from the built-in technical indicators, traders can also develop their own custom mathematical tools to perform any analytical operation based on defined conditions.
- Scripts. A script is an application that can be programmed to perform any function on the MetaTrader 4 platform. For instance, there can be a script to close all pending orders or to delete all the indicators on a chart.
- Libraries. These are sets of custom functions that are designed to store and easily distribute parts of custom applications that are commonly used on the MetaTrader 4 platform.