What is the main focus of 'Expert Advisor Programming for MetaTrader 4'?

The main focus of this book is to guide readers through the process of creating automated trading systems using the MQL4 language within the MetaTrader 4 platform. It covers foundational concepts related to trading algorithms, coding techniques, and practical examples to help beginners and experienced traders alike to develop their own Expert Advisors. For instance, a trader can learn how to set up a strategy that automatically executes trades based on specific market conditions, thus reducing the need for manual trading.

Who is this book suitable for?

This book is suitable for a wide range of readers, including novice traders eager to learn about automated trading, as well as seasoned professionals looking to refine their programming skills. It provides step-by-step tutorials, which make it accessible for those with limited coding experience. As an example, a beginner can start with simple trading strategies and progress to more complex systems, enabling them to implement their own unique trading ideas effectively.

What programming knowledge is required to use this book effectively?

While prior knowledge of programming can be beneficial, this book is designed to help beginners understand MQL4 from scratch. It introduces basic programming concepts alongside more advanced topics, ensuring a comprehensive learning experience. For example, a reader with no coding background can follow along with the examples and gradually build up their skills to create an automated trading system tailored to their trading style.

How does MQL4 differ from other programming languages used in trading?

MQL4 is specifically designed for trading applications and is tailored for creating automated trading systems, custom indicators, and scripts that operate on the MetaTrader 4 platform. Unlike more general-purpose programming languages, MQL4 offers built-in functions for trading operations, which simplifies the process for developers. For instance, a trader can implement functions that directly access market data and execute trades, streamlining the development of their strategies.

Can this book help me develop my own trading strategy?

Absolutely! The book provides insights on how to create and implement your own trading strategies through coding in MQL4. It offers practical examples and case studies that demonstrate how to apply different trading principles effectively. A good example is a user who wants to develop a momentum-based trading strategy; they can use the templates provided to create a customized Expert Advisor that aligns with their market philosophy.

Does the book include practical examples or templates?

Yes, 'Expert Advisor Programming for MetaTrader 4' contains numerous practical examples and templates, enabling readers to jumpstart their programming endeavors. Each chapter typically includes code snippets that illustrate various concepts, making it easier to understand how to implement them. For instance, readers can directly utilize the sample code to modify or enhance their trading systems, tailoring them to their preferences without starting from scratch.

Are there any prerequisites before starting this book?

While there are no strict prerequisites, having a basic understanding of trading concepts and familiarity with the MetaTrader platform will enhance your learning experience. The book gradually introduces MQL4 concepts, making it accessible to those with limited programming skills. A beginner trader who uses MetaTrader for manual trading can leverage their existing knowledge as a foundation, making the transition to automated systems smoother.

Is this book relevant for users outside of MetaTrader 4?

While the book focuses on building automated systems specifically within the MetaTrader 4 environment using MQL4, the fundamental programming concepts can often be applied to other trading platforms and programming languages. Readers interested may find transferable skills and ideas that can enhance their programming knowledge in different contexts, especially if they later work with similar languages. For example, understanding MQL4 can make it easier to learn MQL5 or even Python for trading.

What type of trading systems can be built using this book?

This book guides readers through the creation of various automated trading systems, including trend-following systems, scalpers, and even complex multi-strategy Experts. Each example demonstrates different trading styles and methodologies, allowing readers to adapt the lessons to their specific needs. A trader looking to implement a mean-reversion strategy can use the templates and concepts to create an indicator-based Expert Advisor that captures market fluctuations effectively.

Where can I buy 'Expert Advisor Programming for MetaTrader 4'?

You can purchase 'Expert Advisor Programming for MetaTrader 4: Creating automated trading systems in the MQL4 language' on Ubuy. Ubuy offers a convenient online shopping experience, and you can easily find various formats of the book, allowing you to choose what best suits your reading preference. Whether you need a physical copy or a digital format, Ubuy ensures you have access to this valuable resource for enhancing your trading skills.

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Expert Advisor Programming for MetaTrader 4: Creating automated trading systems in the MQL4 language

Expert Advisor Programming for MetaTrader 4 is the easiest way to get up and running in MQL4.

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Expert Advisor Programming for MetaTrader 4: Creating automated trading systems in the MQL4 language

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What Stands Out

Comprehensive Guide

This book offers an extensive overview of Expert Advisor programming, empowering traders to develop their own automated trading systems seamlessly, catering to both beginners and seasoned traders looking to enhance their strategies.

MQL4 Language Focus

By concentrating on the MQL4 language, the book provides targeted insights and examples, making it easier for readers to grasp coding concepts and efficiently implement them in their trading strategies.

Practical Examples

Packed with real-world examples and case studies, the book illustrates practical applications of automated trading, allowing users to apply theoretical knowledge directly to their trading endeavors for better results.

Product Details

Brand new and fully updated for the latest versions of MetaTrader 4, Expert Advisor Programming for MetaTrader 4 is a practical guide to programming expert advisors in the MQL4 language. Leverage the latest features imported from the MQL5 language, including object-oriented programming, enumerations, structures and more. This book will teach you the following concepts:The basics of the MQL4 language, including variables and data types, operations, conditional and loop operators, functions, classes and objects, event handlers and more.Place, modify and close market and pending orders.Add a stop loss and/or take profit price to an individual order, or to multiple orders.Close orders individually or by order type.Get a total of all currently opened orders.Work with OHLC bar data, and locate basic candlestick patterns.Find the highest high and lowest low of recent bars.Work with MetaTrader's built-in indicators, as well as custom indicators.Add a trailing stop or break even stop feature to an expert advisor.Use money management and lot size verification techniques.Add a flexible trading timer to an expert advisor.Construct several types of trading systems, including trend, counter-trend and breakout systems.Add alerts, emails, sounds and other notifications.Add and manipulate chart objects.Read and write to CSV files.Construct basic indicators, scripts and libraries.Learn how to effectively debug your programs, and use the Strategy Tester to test your strategies.All of the source code in this book is available for download, including an expert advisor framework that allows you to build robust and fully-featured expert advisors with minimal effort.Whether you're a new trader with limited programming experience, or an experienced programmer who has worked in other languages, Expert Advisor Programming for MetaTrader 4 is the easiest way to get up and running in MQL4.

Publisher	Edgehill Publishing
Publication date	February 21, 2015
Language	English
Print length	290 pages
ISBN-10	0982645937
ISBN-13	978-0982645932
Item Weight	1.28 pounds (580 grams)
Dimensions	8 x 0.66 x 10 inches (20.3 x 1.7 x 25.4 cm)

Who Should Buy?

Aspiring Traders
Ideal for new traders wanting to understand automated trading system creation in MQL4 language.
Programmers
Beneficial for programmers looking to integrate trading strategies via automated systems in MetaTrader 4.
Investment Firms
Useful for investment firms developing automated trading solutions for consistent and optimized market strategies.

Beginners Without Coding
Inexperienced traders lacking coding knowledge may struggle to grasp the concepts presented in the book.

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Question: Is Expert Advisor Programming for MetaTrader 4: Available to Shop Online in Philippines?

Answer: Yes, at Ubuy Philippines this product is available for you to shop at a reasonable price. The Expert Advisor Programming for MetaTrader 4: is not available locally but you can trust us with our express shipping services.
Question: How Long Does It Take to Get Product After Placing the Order?

Answer: The delivery time of your ordered product varies as per what you've ordered and the shipping method that you've chosen. The estimated delivery time is mentioned during the checkout process, so be carefree while shopping.

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Features & Benefits

Practical guide to programming expert advisors in the MQL4 language.
Leverage the latest features imported from the MQL5 language.
Learn basic and advanced concepts of MQL4 language.
Construct several types of trading systems.
All the source code including an expert advisor framework is available for download.
Suitable for both new traders with limited programming experience and experienced programmers.

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