Do you know that the way of trade and transactions has changed significantly since the changes of the 17th century in Amsterdam? Originally, before the telephone and electronic methods of the 1980s, people used shouting to persuade people to buy their goods in the trading markets. But today, the situation is completely different and traders can use programming languages ​​like MQL5 to create their own trading methods, indicators and unique experts. In fact, with the MQL5 program, traders will not need to learn this type of programming language to make profits. In this article, we will teach MQL5 and how to access its signals, MQL5 indicators and make profitable trades using this system even without having the necessary experience in programming.

What is the position of MQL5 in metaquotes software?

metaquotes is the name of a company that is known as Metatrader among people in the world. MQL5 is an acronym for 5 metaquotes language and is basically a computer programming language that allows users to build MQL5 automated trading strategies, MQL5 signals, MQL5 indicators and advanced custom programs such as a variety of Forex indicators and strategies. .

What is MQL5?

MQL5 is an online space related to trading robots and indicators, with more than 10,000 trading programs for the Metatrader trading platform. These can be tried for free in the MQL5 demo section before you buy. The website also allows users to purchase trading robots and has a section where programmers can sell trading robots and indicators to MQL5 members. MQL5 can be accessed directly through the Metatrader 5 trading platform. Note that other parts such as MQL5 signals, MQL5 base code and experts are among the services related to MQL5 that you can use. Before downloading and using any kind of service or paid tool or even their free version, you need to download Metatrader 5 trading platform first.

What is the MQL5 Forum?

The MQL5 Forum is an online page that offers countless services to Metatrader users. You can use pre-made trading robots and benefit from the database of programmers to create your own indicator or strategy, as well as instructions for accessing the trial version of trading strategies and more:

MQL5 is an online space to review trading robots and technical indicators, with more than 10,000 trading programs for the Metatrader trading platform. These can be tried for free in the trial version of the MQL5 strategy before buying. You can also access it through the Metatrader platform.

MQL5 Cloud Network: This network provides access to rapid optimization by trading robots through the processing of thousands of computers around the world.

Codebase: This section allows users to download any new code that is published in the codebase section of the MQL5 collection, meaning that the code is automatically compiled into the correct directory. And it allows the trader to run it only from the Metatrader search window.

MQL5 Signals: Find trading signal providers, subscribe and receive their signals directly on your platform or copy to your account.

MQL5 Forum: Traders can visit the MQL5 Forum to discuss trading systems, improve MQL5 programming skills, join various discussion groups, and ask questions.

Why is MQL5 used in metaquotes software?

There are several reasons to use MQL5. We mention a few things below:

1- A trader may have a technical strategy in mind and then he has to work on programming it, but he doesn’t have the opportunity to learn programming in MQL5. In this case one can search the MQL5 forum to find a programmer to do this for them.

2- The trader may want to use various indicators and gain experience. Some of these indicators are available to people for free. It should be said that people in this field are faced with a wide range of different options for testing and gaining experience.

3- The trader may want to experience a free automatic strategy. The MQL5 market is full of experts who give you free and non-free advice necessary to practice in this field.

Types of MQL5 parts

MQL5 parts are divided into 3 categories based on trading automation tasks:

Expert Advisor: is an automated trading system that actually acts as your deputy in trading, and you can record your trading events in this system so that it can be done automatically.

Custom Indicator: You can use Custom Indicator to program your indicators and create your own custom trading system.

Libraries: Libraries are a collection of customized functions that you can use or store your algorithms in. All of the above are available in programs coded with the mql5 language.