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Founded 2009
Type Platform
Stock Code N/A
Location Cyprus
Business Community for traders and developers, marketplace for trading robots and indicators
Free Trial Varies by product
Customer Service Yes
Payments PayPal, WebMoney, ePayments, bank cards
Price Varies by product
Discounts Varies by seller
Website https://www.mql5.com

MQL5 Introduction

MQL5 (MetaQuotes Language 5) is a high-level programming language developed by MetaQuotes Software Corp. for creating trading robots, technical indicators, scripts, and function libraries for use on the MetaTrader 5 (MT5) trading platform. MQL5 is designed to allow traders to automate their trading strategies and develop custom tools to enhance their trading experience.

Key Features of MQL5

  • Object-Oriented Programming (OOP): MQL5 supports OOP, allowing for the creation of complex trading systems with a clear structure.
  • Advanced Debugging Tools: MQL5 comes with an integrated development environment (IDE) that includes a debugger, making it easier to identify and fix errors in code.
  • Compatibility with C++: MQL5 syntax is similar to C++, making it easier for programmers with C++ experience to learn and use MQL5.
  • Event-Driven Programming: MQL5 allows for event-driven programming, enabling scripts to react to market events in real time.
  • Optimization and Testing: MQL5 provides tools for backtesting and optimizing trading strategies to ensure their effectiveness.

Developing Trading Robots with MQL5

Trading robots, also known as Expert Advisors (EAs), are automated systems that execute trades based on predefined criteria. MQL5 provides a framework for developing EAs, including the ability to access historical data, use technical indicators, and implement complex trading logic.

Creating Custom Indicators

Custom indicators are tools developed using MQL5 to analyze market trends and assist in decision-making. MQL5 allows for the creation of a wide range of indicators, from simple moving averages to complex custom algorithms.

Scripting in MQL5

Scripts are small programs written in MQL5 that are executed on demand to perform specific tasks, such as placing a trade or generating a report. MQL5 provides a flexible scripting environment for automating routine tasks and enhancing trading efficiency.

MQL5 Community and Resources

The MQL5 community is a vibrant online platform where traders and developers can share ideas, exchange code, and collaborate on projects. The MQL5 website also offers a wealth of resources, including documentation, tutorials, and a marketplace for buying and selling trading robots and indicators.

Future of MQL5

MQL5 continues to evolve, with MetaQuotes Software Corp. regularly releasing updates and new features. The language's compatibility with the MT5 platform and its robust feature set ensure that MQL5 will remain a popular choice for traders and developers looking to automate their trading strategies.