What is OnInit MQL4?

OnInit. The OnInit() function is the Init event handler. It must be of void or int type, with no parameters: void OnInit(); The Init event is generated immediately after an Expert Advisor or an indicator is downloaded; The OnInit() function is used for initialization.

What is IMA MQL4?

Calculates the Moving Average indicator and returns its value.

Is trading allowed MQL4?

The terminal settings provide you with an ability to allow or forbid automated trading for all programs. You can switch automated trading option right on the terminal’s Standard panel: — automated trading enabled, trading functions in launched applications are allowed for use.

Is MQL4 a C++?

MQL4 is based on the concept of the popular programming language C++. The language has enumerations, structures, classes and event handling.

What is IndicatorCounted?

The function returns the amount of bars not changed after the indicator had been launched last. int IndicatorCounted(); Returned value. The amount of bars not changed after the indicator had been launched last.

What is Oncalculate mql5?

The function is called in the indicators when the Calculate event occurs for processing price data changes. There are two function types. Only one of them can be used within a single indicator.

What is Ma shift MQL4?

According to the MQL4 documentation: ma_shift – Moving Average shift. Indicators line offset relate to the chart by timeframe. shift – Index of the value taken from the indicator buffer ( shift relative to the current bar the given amount of periods ago )

Does MT4 allow bots?

The platform features the MQL4 IDE (Integrated Development Environment) allowing you to develop Expert Advisors (trading robots) and technical indicators of any complexity.

What language does MT4 use?

MQL4/MQL5
The software uses a proprietary scripting language, MQL4/MQL5, which enables traders to develop Expert Advisors, custom indicators and scripts.

What programming language is MT4?

С++ programming language
MetaQuotes Language 4 is based on the concepts of the popular С++ programming language. MQL4 is also a high-level object-oriented programming language.

How do you use a 50 EMA indicator?

The rule to close 50-day moving average trades is very simple. Hold your trades until the price action breaks your 50-day moving average in the direction opposite to your trade. If you are long, you close the trade when the price breaks the 50-day SMA downwards.

What is Icustom MT4?

Calculates the specified custom indicator and returns its value.

How do I create a custom indicator in MT4?

To start modifying of the existing indicator from terminal, one has to execute the “Modify” command of the “Navigator – Custom Indicator” window context menu. At that, the MetaEditor will open where the selected indicator source code has already been downloaded.

How do I add bots to MT4?

Open MT4 again and go to “Navigator” and right-click on “Expert Advisors” and choose “Refresh” to activate the robot. Select “Auto-Trading” from the top bar (for live trading) Reopen the “Navigator” tab again and double-click the robot to be activated.

Is MetaTrader 4 a broker?

Is MetaTrader 4 a broker? No. MetaTrader 4 is a third-party trading platform that connects to a broker for forex trading. MetaTrader 4 is the most popular third-party platform for trading forex.

Who is the owner of MetaTrader 5?

Metaquotes Software Corp.
In 2010, MetaQuotes released a successor, MetaTrader 5….MetaTrader 4.

Developer(s)	Metaquotes Software Corp.
Operating system	Windows, Android, iOS
Type	Trading platform, Technical analysis software
License	Metaquotes Software Corp.