Expert advisors

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

The Expert Advisor is an automated system for trading, written in MetaQuotes Language (MQL), which is integrated with 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.

Hosting of MetaTrader and expert systems