The script allows you to set a percentage of balance that you are ready to risk and to calculate the position size depending on the stop-loss that you set. The script also has an option for you to set a magic number for the order and an optional comment. The script can be very useful in some occasions. Also, it can show you an example of how to open an order if you are learning MQL4. You can also read a more detailed instruction on how to perform the installation. Otherwise, it won't be able to open an order.
If you are interested in building your own expert advisor or knowing more about how to do it, check our MT4 Expert Advisor Template. What Is Forex? Please disable AdBlock or whitelist EarnForex. Thank you! Two of the biggest limitations when you open an order with the default MetaTrader process are: Manual calculation of the position size.
Inability to set the magic number. You can download the script for educational purposes and test it on a demo account. The parameters accepted by the script are: Specify position size if you want to set a fixed size for your order. This parameter is ignored if the next one true. Traders have access to interactive charts available in 9 timeframes, 23 analytical objects, and 30 in-built technical indicators.
Furthermore, there is a free codebase to allow traders to develop their own custom indicators and a Market where more indicators can also be accessed. MT4 also has alerts and financial news widgets that enable traders to get notified, in real-time, about relevant news and events and different market conditions.
Algorithmic Trading The MetaTrader 4 platform supports algorithmic trading. The platform allows traders to implement their automated trading strategies in the market with maximum support and functionality. MT4 has a comprehensive environment for developing, testing, and optimising automated trading programs.
Convenience MT4 allows traders to trade while on the go. Traders can access the platform conveniently on both desktop and mobile devices. MT4 is also available directly as a web-based platform on any browser. In this way, traders can keep track of market changes and perform any trading actions wherever and whenever they like.
Additionally, MT4 does not place any limits on its platform strategies that can be applied. Traders can scalp and implement hedging strategies without any restrictions. Multiple Awards Since its release in , MT4 has become the most popular platform for retail traders online.
The platform has won multiple awards over the years and continues to be a favourite platform for online retail investors worldwide. MetaTrader 4 also supports the creation, modification, and utilisation of automated trading strategies. The entire ecosystem that supports automated or algorithmic trading is harmonised and available on the MQL4 IDE integrated development environment. MQL4 is the native programming language that enables the development of various custom trading tools to be used directly on the MetaTrader 4 trading platform.
MetaTrader 4 features the highest security and technology standards. It supports the native MQL4 MetaQuotes Language 4 programming language, which enables the development of various custom trading tools to be used directly on the MetaTrader 4 trading platform. The Strategy Tester is an EA testing and optimisation unit which allows for the thorough assessment and tweaking of automated trading strategies to ensure they are deployed in the live market with the best parameters possible. With the AvaTrade MetaTrader 4 web platform you can trade directly from your browser.
Enter your trading account login credentials and start trading. You can use any browser or operating system - you will need internet connection to trade. Open your trading account and begin trading with as little as. Still don't have an Account? Sign Up Now. Meet MetaTrader 4 MT4 has been around since and since become the industry benchmark in online trading. MetaTrader 4 Features MetaTrader 4 also supports the creation, modification, and utilisation of automated trading strategies.
Custom Indicators - Aside from the built-in technical indicators, traders can also develop their own custom mathematical tools to perform any analytical operation based on defined conditions.
There are many Single Click solution under Toolset, Export in typical situations race at work, any actions taken the page next. You may find same settings just even if no on the image. Sign up for parameter is specified perform specific SQL a long password.