Developing Trading Strategies

For the creation of trading strategies, the terminal has its own programming language - MetaQuotes Language 5 (MQL5), MetaEditor development environment and strategy testing tools. One can create the following using these means:

• Expert Advisors — mechanical trading systems that allow complete automation of analytical and trading activities for the efficient work in financial markets. They also help to strictly follow a trading strategy eliminating the role of the emotional factor;
• Custom Indicators — custom written technical indicators intended for analyzing price dynamics. Trading tactics and Expert Advisors are developed based on algorithms of indicators;
• Scripts — programs that execute a certain sequence of actions once upon a request. A script can perform both analytical and trading functions.