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What’s the Difference Between MQL4 and MQL5? The other week I had an email from a client asking what’s the difference between MQL4 and MQL5 and whether he should learn one or the other. One would assume that the two are somewhat related because after all both are MQL and both are designed to program indicators, scripts and expert advisors

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A script can perform both analytical and trading functions. Unlike Advisors, scripts are executed on request. In other words, if an Expert Advisor works almost continuously, a script executes its function and quits. All scripts are stored in the /MQL5/Scripts folder of the trading platform. Services

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Scripts - This folder contains Script files. Logs - The log files created by the expert advisor or indicator, saved in this folder. To install an Expert Advisor, copy the EA file in Experts folder: The installation process is same for Metatrader 5, the only difference is that there will be a MQL5 folder instead of MQL4:

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This Expert Advisor Programming for MetaTrader 5 book will teach you the following concepts:. Learn the basics of MQL5, including variables and data types, operators, functions, event handlers, and object-oriented programming. Place, modify and close market and pending orders.

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2014/07/19 · Build 600 of MetaTrader 4 was a huge leap forward and has offered a great deal of improvements and benefits to the MQL4 coder, but it comes at a price.. Many users are confused initially and have a hard time navigating around the new interface and finding exactly where to install their expert advisors, indicators and scripts.
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Forex Robots (Expert Advisors) Forex robots (or expert advisors, as they are referred to on the MT4 and MT5 trading platforms) allow you to implement your trading strategy in a fully automated mode, without any manual intervention on your part. That is the primary role of forex robots.

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MQL5 is utilized for developing trading robots, technical Forex indicators, advisors as well as other applications for trading in the Forex. MQL5 programs in the format of object-oriented programming or OOP for short. For MQL5 programs a special MetaEditor environment and MQL5 …

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Creating a script. A template is a basic source code of a script. It contains the standard program header, general properties and workpieces for the launch event handler – OnStart. A template is created in the directory corresponding to a program type – MQL5/Scripts (or MQL4/Scripts).

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MQL5 Tutorial - Simple Moving Average Crossover Robot with MQL5 Okay you have asked for it so here it is. A YouTube subscriber with the name Laurent ZB wanted me to create an Expert Advisor where two exponential moving averages cross.
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