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What are the program types we can develop with MQL? |
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Written by Goldie Sham
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Monday, 18 February 2008 |
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We usually use MQL to develop the following program types.
- Expert Advisors (also known as EAs or Experts): These types of programs can fully automate your trades. You can also use EAs to generate trading signal, manage open trades, close open trades, enhance the behaviour of other EAs, and much more.
- Indicators: The indicators could be used to analyze the market. They are used to generate visual signs on the charts, create alerts, and more. You can use MQL to combine existing indicators to generate new indicators or create indicators from scratch.
- Scripts: You may use scripts to manage complex tasks, or even enter or manage trades. Unlike EAs these programs detach themselves from the charts as soon as their job is done.
We also use MQL to develop libraries of functions to be used in a group of EAs, Scripts, and/or Indicators. back to table of contents
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