What Is Automated Trading?
Modern technologies allow us not only to trade in financial markets using personal computers, but we can fully automate a trading system now. Using a computer program you can relieve yourself from the routine of analyzing financial markets and performing trades.
Our client terminal has all functions that allow you to develop, test and use your trading system. The development environment named MQL4 is integrated into the terminal. MQL4 consists of MetaEditor, Strategy Tester and Compiler.
Using these tools, you can develop:
- Expert Advisors - programs that allow you to automate fully both analyzing and trading processes. Expert Advisors can relieve you from the routine of analyzing financial markets and performing trades;
- Custom Indicators - applications similar to the embedded technical indicators that will help you to analyze markets;
- Scripts - programs that automate single frequently repeated operations. For example, using a script you can close all positions by a single keystroke.
It is rather easy to develop trading systems using the development environment of MQL4. In MetaEditor, you will find detailed help topics and description of the programming language. Having developed your own trading system, you will be able to test it on historical data in the Strategy Tester. This will allow you to evaluate your trading system's profitability, risk factor, and stability in a quick and easy way.
Naturally, it may be difficult to start developing one's own trading system <from scratch>. The detailed description of the programming language is often insufficient for this. To make your initial steps to creating a trading system, you can visit the MQL4.Community website. This site represents a place where developers of trading systems meet, develop strategies, publish their articles and share their codes. You will find at the website of MQL4.Community.