Expert advisor programming- Andrew Young PDF- Creating Automated Trading Systems in MQL for MetaTrader 4 hopes to shorten the learning curve for new expert advisor programmers. Here I will present many of the tips and tricks I’ve learned in the hundreds of hours I’ve spent coding expert advisors over the last few years.
Author: Andrew Young
Download link: At the end of the post
Related ebook: Forex Coders Guru Mql4 Course
Introduction Expert advisor programming for metatrader 4 pdf
The foreign exchange market has rapidly become one of the most popular markets to trade in recent years. Because of its round-the-clock hours, high leverage and low margin requirements, thousands of ordinary people have become active traders.
MetaTrader 4 (commonly abbreviated as MT4) has become one of the most popular trading platforms for forex. Developed by MetaQuotes Software Corporation, MetaTrader is offered by hundreds of forex brokers worldwide, including big names such as GAIN Capital, FXCM, Alpari and Interbank FX.
MetaTrader’s popularity stems from the fact that it’s free, broker supported, and includes many useful technical analysis tools. But probably the biggest reason for MetaTrader’s success is the powerful MQL programming language.
MQL has made it possible for traders to program their own custom indicators and automated trading strategies without paying a dime for software. Similar trading packages for equities and futures can cost over $1000. A worldwide community of traders and programmers has developed, offering hundreds of free and commercial expert advisors and indicators, as well as programming services and advice.
The similarity of MQL to languages such as C makes it relatively easy for experienced programmers to pick up, and the language itself is well documented. But learning how to effectively program trading strategies in MQL is a process of trial and error.
MQL is a relatively low level language, and as such, it is necessary for the programmer to create custom procedures to handle many common trading functions. Coding something as simple as a trailing stop, for example, can be daunting for the new MQL programmer. There are many factors that must be taken into consideration when programming a robust automated trading strategy, and MetaTrader itself has many idiosyncrasies that the programmer needs to be aware of. It can take dozens of hours of troubleshooting and practice to learn the techniques necessary to program expert advisors.
This book hopes to shorten the learning curve for new expert advisor programmers. Here I will present many of the tips and tricks I’ve learned in the hundreds of hours I’ve spent coding expert advisors over the last few years.
Table of Contents- Expert advisor programming- Andrew Young PDF
An Introduction to MQL 4
Introduction to MetaEditor
Layout of an MQ4 File
Bid, Ask & Spread
The Order Placement Process
Calculating Stop Loss & Take Profit
Retrieving Order Information
A Simple Expert Advisor
Advanced Order Placement
Verifying Stops and Pending Order Prices
Calculating Lot Size
Putting It All Together
Working with Functions
Add Stop Loss and Take Profit
Using Include Files
A Simple Expert Advisor (with Functions)
The Order Loop
Updating the Expert Advisor
Order Conditions and Indicators
Evaluating Trade Conditions
Comparing Indicator Values Across Bars
Working with Time and Date
Date and Time Functions
Creating A Simple Timer
Execute On Bar Open
Tips and Tricks
Using Chart Comments
Demo or Account Limitations
Retry on Error
Using Order Comments As an Identifier
Check Order Profit
Debugging Your Expert Advisor
Custom Indicators and Scripts
Creating A Custom Indicator
About the author
Andrew Young is a trading system programmer and entrepreneur, and the founder of Easy Expert Forex, an online MQL programming service. He currently resides in Nashville, TN.
Download ebook Expert advisor programming- Andrew Young PDF
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