Expert advisor programming- Andrew Young PDF

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.

Category: Forex

Author: Andrew Young

Language: English

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

Introduction

An Introduction to MQL 4
Introduction to MetaEditor
Basic Concepts
Layout of an MQ4 File

Order Placement
Bid, Ask & Spread
Order Types
The Order Placement Process
OrderSend()
Calculating Stop Loss & Take Profit
Retrieving Order Information
Closing Orders
A Simple Expert Advisor

Advanced Order Placement
Order Modification
Verifying Stops and Pending Order Prices
Calculating Lot Size
Other Considerations
Putting It All Together

Working with Functions
Add Stop Loss and Take Profit
Using Include Files
Using Libraries
A Simple Expert Advisor (with Functions)

Order Management
The Order Loop
Order Counting
Trailing Stops
Updating the Expert Advisor

Order Conditions and Indicators
Price Data
Indicators
Indicator Constants
Evaluating Trade Conditions
Comparing Indicator Values Across Bars

Working with Time and Date
Datetime Variables
Date and Time Functions
Creating A Simple Timer
Execute On Bar Open

Tips and Tricks
Escape Characters
Using Chart Comments
Check Settings
Demo or Account Limitations
MessageBox()
Email Alerts
Retry on Error
Using Order Comments As an Identifier
Margin Check
Spread Check
Multiple Orders
Global Variables
Check Order Profit
Martingale
Debugging Your Expert Advisor

Custom Indicators and Scripts
Buffers
Creating A Custom Indicator
Scripts
Appendix A
Appendix B
Appendix C
Appendix D
Appendix E
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.

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