Expert advisors

The automated expert systems (Expert Advisors) are special programs that allow automation of the analytical and trading processes in the MetaTrader platform. 

The Expert Advisor is automated system for trading, written in MetaQuotes Language (MQL), which is integrated in MetaTrader. Using it, allows you to create custom indicators, scripts and libraries.

Expert advisors are written in MetaEditor 4 IDE (Integrated Development Environment), which is a part of the MetaTrader platform.

Expert advisors have the following advantages:

  • automatic trade execution
  • strictly follow the main strategic
  • eliminate the emotional and human factor
  • highly customizable

Important: Every version of the MetaTrader platform uses different coding language. MetaTrader 4 uses the MQL 4 language, and MetaTrader 5 uses - MQL 5. This means, that the MetaTrader 4 experts are incompatible with MetaTrader 5 and vice versa.

Free hosting of MetaTrader and expert systems

BenchMark offers free hosting via our MetaTrader VPS service. Hosting is particularly useful for clients, who are using expert systems and have to be online 100% of the time. Clients, using operating systems other than Windows OS, can also take advantage of this service.