MetaTrader is the most used auto trading software/platform developed by MetaQuotes Software Corporation. It is offered by Forex brokers and used for Forex trading. Till now, the two available versions of this platform are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
The embedded programming language MetaQuotes is used by the MT4 client terminal for the development, enhancement, and customization of trading systems such as Indicators, EAs (trading robots), and Scripts. The MQL is very simple and allows anyone with basic programming skills to develop his or her own trading system.
Any trading method that can be described in algorithmic language can be programmed and used for live trading. Through MT4 programming, you can automate your manual trading method which can powerfully increase your trading opportunities.
The expert advisor MT4 automates the trading decisions and can give you signal, place and manage the trade for you automatically. The duty of your MT4 programmer in automating your trading system is very critical since it involves real money in the markets.
A little programming mistake may result in a loss of money. It is very important to hire the service of an excellent MQL4 programmer to ensure that you will get the trading software the way you envisioned it. Therefore, it is advisable to evaluate the following criteria:
- MQL4 programming capabilities – Of course, you must look for a highly skilled and experienced expert advisor and custom indicator programmer.
- Communication Skills – The programmer must be a prompt communicator in discussing concerns. Excellent communication skills avoid delays caused by incorrect interpretation of trading algorithms.
- Skills with Forex Trading – It is vital to a hire a programmer who knows how to trade currencies. He must have knowledge of MT4 broker execution issues and basic or even advanced skills in forex trading.
Here is a great post to read about some tips and tricks to use MetaTrader 4 if you’re a beginner as you won’t be facing any further problem if you will be aware of such tips and tricks.