Expert Advisor Programming for MetaTrader 4: A Practical Guide to Learning MQL4 - Paperback

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by Andrew R. Young (Author)

The original book for beginners to learn MQL4 programming has been updated for the latest MetaTrader 4 features. Expert Advisor Programming for MetaTrader 4 is a practical guide to programming expert advisors, indicators and scripts in the MQL4 language. Leverage the latest features imported from MQL5, including object-oriented programming, enumerations, structures and more. This book will teach you the following concepts:

The basics of the MQL4 language, including variables and data types, operators, functions, event handlers, and object-oriented programming.
Open, modify and close market and pending orders.
Add stop loss and take profit prices to an open position.
Add a flexible trailing stop and/or break even stop to your strategy.
Manage your trade risk with money management.
Use pending orders to scale in and out of positions.
Use price, time and indicator data in your expert advisors.
Control program execution by trading on the open of a new bar, and add a trade timer to your strategy.
Walk through the creation of several basic trading strategies from start to finish.
Inform the user with dialog boxes, email alerts, mobile notifications and sounds.
Draw trend lines, arrows and text labels on the chart.
Read and write data to CSV files.
Learn the basics of creating indicators, scripts and libraries in MetaEditor.
Debug, test and optimize your trading strategy.

Whether you're a trader with little to no programming experience, or an experienced programmer who has worked in other languages, Expert Advisor Programming for MetaTrader 4 will give you the essential knowledge to quickly and easily create fully-featured expert advisors for the MetaTrader 4 platform.

Number of Pages: 288

Dimensions: 0.6 x 10 x 8 IN

Publication Date: February 21, 2015

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Report copyright infringement

by Andrew R. Young (Author)

The basics of the MQL4 language, including variables and data types, operators, functions, event handlers, and object-oriented programming.
Open, modify and close market and pending orders.
Add stop loss and take profit prices to an open position.
Add a flexible trailing stop and/or break even stop to your strategy.
Manage your trade risk with money management.
Use pending orders to scale in and out of positions.
Use price, time and indicator data in your expert advisors.
Control program execution by trading on the open of a new bar, and add a trade timer to your strategy.
Walk through the creation of several basic trading strategies from start to finish.
Inform the user with dialog boxes, email alerts, mobile notifications and sounds.
Draw trend lines, arrows and text labels on the chart.
Read and write data to CSV files.
Learn the basics of creating indicators, scripts and libraries in MetaEditor.
Debug, test and optimize your trading strategy.