Expert Advisor Programming Creating Automated Trading Systems in MQL for.Metatrader 4 - Andrew Young 2010 Edgehill [9C6771F9].pdf

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Expert Advisor
Programming
Creating Automated Trading Systems
in MQL for MetaTrader 4
Andrew R. Young
Edgehill Publishing
SECOND PRINTING
Copyright © 2010, Andrew R. Young. All rights reserved.
Published by Edgehill Publishing, Nashville, TN.
Disclaimer of Warranty: While we have strived to ensure that the material in this book is accurate, the
publisher bears no responsibility for the accuracy or completeness of this book, and specifically
disclaims all implied warranties of of merchantability or fitness for a particular purpose. Neither the
author nor publisher shall be liable for any loss of profit or any other non-commercial or commercial
damages, including but not limited to consequential, incidental, special, or other damages.
"MetaTrader 4," "MQL" and "expert advisor" are trademarks of MetaQuotes Software Corp.
This book and it's publisher is not in any way endorsed by or affiliated with MetaQuotes Software
Corp.
For more information on this book, including updates, news and new editions, please visit our web
site at http://www.expertadvisorbook.com/.
ISBN: 978-0-9826459-0-1
Table of Contents
Introduction
About This Book
A Note About MQL 5
Conventions Used In This Book
1
2
2
3
An Introduction to MQL
Introduction to MetaEditor
Basic Concepts
Layout of an MQ4 File
4
4
7
14
Order Placement
Bid, Ask & Spread
Order Types
The Order Placement Process
OrderSend()
Calculating Stop Loss & Take Profit
Retrieving Order Information
Closing Orders
A Simple Expert Advisor
20
20
20
21
22
25
32
34
36
Advanced Order Placement
Order Modification
Verifying Stops and Pending Order Prices
Calculating Lot Size
Other Considerations
Putting It All Together
42
42
45
49
52
57
Working with Functions
Add Stop Loss and Take Profit
Using Include Files
Using Libraries
A Simple Expert Advisor (with Functions)
64
73
74
74
75

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