MQL5, or MetaQuotes Language 5, is a programming language embedded into the MetaTrader 5 trading platform. It is the MetaEditor for the trading platform and also serves as a strategy testing tool. The MT5 has a fairly stable programming language that is based on the fifth-generation MQL. Aside from that, MT5 lets you create Expert Advisors, which help you automate your trade and implement your own trading strategy. Scripts, function libraries, and custom indicators are all created using the MT5 programming language.
MQL5’s Standout Features include:
- It’s an object-oriented system.
- It has a programming language that is extremely fast.
- It features a syntax that is comparable to C++.
- It has decompilation protection (due to the complexity of the language, encryption techniques, and file integrity checks).
- OpenCL allows for the utilization of video cards, which may then be used in MQL5 apps to do calculations.
- MetaEditor provides a debugger as part of its integrated software development.
- It provides a lot of useful features for maintaining trading positions, evaluating quotes, and looking at technical indicators.
A thorough description of the language structures and their features may be found in the MQL5 Reference.
MetaEditor supports debugging applications. It aids in the troubleshooting procedure. The source code is executed step by step, which makes it easier to keep track of the variable values.
It’s a part of the MT5 trading platform as well as an integrated MQL5 programming environment. MetaEditor allows you to accomplish a lot of things. The source code, which is written in the MT5 programming language, can be edited, created, debugged, and compiled.
Online Storage of MQL5
This online storage is extremely secure for all of your MetaTrader 5 files. You may also utilize the MQL5 community account to simply restore deleted files and to access your code directly from your PC.
Profiling for Code Optimization
In the MetaEditor, software profiling is possible. This tool allows you to optimize your software while also identifying the slowest functions in the source code.
Provides Help With the Source Code
The MetaEditor recognizes language structures. It provides helpful hints on how to use functions properly and highlights the items used in the application source code. Furthermore, the editor improves the navigation of program source code and speeds up the development process.
Creates Trading Robots and Templates
MQL5 Wizard aids in the production of templates and trading robots on the MetaEditor, including the MQL5 Wizard, which allows for speedy program generation. Even if you don’t have a lot of programming experience, an MQL5 Wizard can help you construct Expert Advisors, trailing stop algorithms, and money management tools. The Expert Advisor’s code was generated automatically based on the selected parameters. In addition, the MQL5 Wizard enables the construction of MQL5 templates, which can be utilized to make the programmer’s job easier.
Source Code Library
All of the MQL5 programming tutorials are available directly from the MetaEditor. A large codebase for automated trading applications is also available for free.