More and more transactions in the forex market are planned and performed using special software. And automatic trading gives good results. For this reason, both professional players and beginners are increasingly beginning to use robots in their trading.
Why is it important to be able to program
Automated systems in their various forms penetrate into all spheres of life. And today, almost any profession involves the use of some software.
Many traders have also realized that manually processing large amounts of data is too difficult and unnecessary. Since it is quite possible to use specialized robots to work with the market.
There are Expert Advisor programs that point to the optimal solution for the current situation. Robots are also often used to independently make trades in accordance with a given algorithm. Such systems allow you to quickly respond to numerous market changes. At the same time, they never get tired and are always accurate.
Forex programs can perform the following tasks:
Trading with the trend. Analyzing the main trend in the price of an asset, the robot opens long-term positions.
Trading against the trend. In this case, the program opens trades in the opposite direction to the main movement of the instrument.
Trading in the flat. The appropriate sideways movement is determined by the trader. When the corridor is selected, the flat robot starts to work. The program opens and closes many small trades with a small profit and stop loss.
Scalping. Working on your own with a large number of orders within a day is tedious, and it is easy to make a mistake. For this reason, high-frequency robots are often used for scalping trading. They can conduct hundreds of trades in a single trading day.
Multi-currency trading. The robot analyzes several currency pairs and opens positions on them with the same correlation.
This list can be continued, but the essence remains the same – any working algorithms can be translated into code, and thus automate the trading process. This approach makes it possible to take the maximum from the market. At the same time, the emotional factor that has a negative impact on the results of trading is completely excluded.
And if you learn to write at least basic programs, you will get much more freedom in the market and significantly simplify your trading. Over time, you can improve your skills and start creating programs to implement any necessary functions. Plus, the ability to work with code develops analytical and logical thinking, which is very important when trading in the foreign exchange market.
Who creates programs for Forex
To create trading robots, it is not necessary to study for a long time as a programmer. And often they are developed by people with almost no experience working with code.
It is not so difficult to master the programming languages that are used in forex. It is for this reason that more and more professional traders independently master the code and begin to develop software to implement their own trading strategies.
Many beginners also manage to thoroughly immerse themselves in the topic and soon create their own indicators, expert advisors and scripts. Programs created by such people work quite normally, performing the specified functions.
Programming is easy
If you have ever thought about starting to program, you may have encountered various biases, because of which you could abandon your idea:
You need to be a professional. In fact, most developers are simple Internet users with average knowledge in this area. A good result is achieved through high-quality training and constant practice.
Knowledge of mathematics is required. The code performs the function of a set of commands that ensure the execution of the desired task. With standard working goals in the framework of trading, complex formulas and higher mathematics are not required.
Programming is not suitable for creative people. When working with the code, non-standard ways to achieve the goal are welcome. And in this, creative thinking will help a lot.
You will need to remember a lot. You really will have to use the memory, but without overloading. Most languages have a basic syntax of about 50 commands. Many functions and methods can be found in free data libraries. If you use a modern development environment (IDE), you will have access to various hints and ready-made common constructs.
For example, a language like Python, with stable training in the evenings, is mastered in 4-6 months.And you can learn how to write simple Python scripts (and not only) in a week. And in the MQL language, everything is even easier. So code ownership is more accessible than it might seem at first glance.
What is a programming language?
The main function of an ordinary language is to ensure the process of communication between people. Well, the programming language allows a person to communicate with a computer.
Therefore, it includes the following components:
Syntax - performs the function of words.
Expressions - are composed according to the rules of syntax from operators and functions.
Meaning. The semantics of the programming language are created from expressions formed on the basis of syntax. These are meanings and rules that are clear to the computer.
In order for the program to work, you need to put clear data in it – what, when,how and under what conditions to do. Without specific information, the computer will not understand what is required of it, and the program will not work.
The syntax of different programming languages may differ, but the essence will remain the same – detailed commands are formed, which are then performed. Numerous libraries have been created to facilitate the work of programmers at any level. They contain complete sets of ready-made templates and functions. And instead of creating the commands themselves, programmers often plug in a library that already has them.
MQL uses the same principle, but all processes are significantly simpler than in the usual languages. That is, you can start creating Expert Advisors without any experience or special skills.
MQL4 and MQL5 languages
MQL4 and MQL5 are programming languages for MetaTrader 4 and 5. In the vast majority of cases, they are used to write Expert Advisors, indicators, and scripts. And you can handle them, even if you've never programmed before. The main thing is to tune in to the process of studying the information and its application.
The MQL4 and MQL5 languages have the following features:
They are integrated into the MetaTrader platform.
Indicators, Expert Advisors, and scripts are created in the same developer environment. For writing programs in versions 4 and 5, the MetaQuotes Language Editor is used. This environment is loaded during the installation of the MetaTrader Client Terminal along with all the necessary reference information.
With each version, you can implement any trading strategy in the form of a program.
If you are looking for a solution for a separate task and simultaneously create it in MQL, you can learn the language from scratch in just a few days. For this reason, many traders begin to master programming on their own and apply it for their own purposes.
After the standard self-training, you will be able to create programs that will help you perform the following actions:
monitor the status of your trading account;
provide signals to determine the entry and exit points of the market;
perform calculations for indicators and levels;
provide information exchange between the indicator / trading robot and the remote server via the TCP or HTTP protocol;
send push notifications to MT4/5 mobile clients;
and so on.
It is worth considering the fact that the MT5 platform is a newer version of the terminal and various tools are created for it much more actively than for MT4.
The capabilities of the MQL language allow you to solve any problem related to the process of trading in the foreign exchange market. And there is already a large community around MQL4 and MQL5. That is, you will have someone to ask difficult questions. There is also a lot of reference information with ready-made solutions. Plus, it is significantly easier to master MQL than a standard programming language that is not focused on trading.
On the MQL5 website there is a section "Freelance", where you can find the "Consultation" type of work. There, freelance programmers give paid advice and answer questions about working with the MQL language. In fact, this is paid training from experienced developers, which can help when working with difficult tasks.
We can also recommend you to look at the sections of our website where automated trading systems, indicators, scripts and strategies with a professional description are presented. You can use them in your trading, or create your own algorithms based on them.
In addition, we offer high-quality programming lessons in the MQL language, which you can use to learn from scratch:
in the first three lessons, we cover the basics of programming;
in the fourth – we show you how to write an Expert Advisor for MetaTrader 4 using a real example;
in the fifth lesson, we show you how to transfer the Expert Advisor from MetaTrader 4 to MetaTrader 5.
All this is written in a simple and clear language, with examples and instructions. Each lesson will take no more than an hour and a half of your time.
MQL Lesson N1 Basics, code editor, #mql data types
In this article, we will explain in detail what a VPS server is, and why professional traders use it for trading. You will also learn how to order a VPS, what you need to pay attention to, how to check and properly configure the server to work with the MetaTrader terminal. In addition, we will show you how to upload indicators, expert Advisors, and scripts to VPS and run smooth trading.
If you want to trade professionally and make a profit in the forex market, then you may need specialized software. In this article, you will learn how to buy or rent trading robots, Expert Advisors and indicators in the official MQL5 store, as well as in the MetaTrader terminal.
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