Algorithmic trading is the future and MQL5 is the best language to develop trading algorithms!!
Algorithmic trading is a trading method which uses automated pre-programmed trading instructions to execute trades and MQL5 is one of the programming languages used to set those trading instructions. It accounts for variables such as time, price, and volume. Algorithmic trading with MQL5 uses the speed, non-subjectivity and computational resources of computers relative to human traders.
In this century algorithmic trading with MQL5 has been gaining traction with both retail and institutional traders. It is widely used by investment banks, pension funds, mutual funds, and hedge funds that may need to spread out the execution of a larger order or perform trades too fast for human traders to react to.
A study in 2019 showed that around 92% of trading in the Forex market was performed by algorithmic trading rather than humans. This basically shows you the direction we are heading to as traders where automated traders appear to have an edge over manual traders in an evolve or die situation. I choose to evolve, shall you?
MQL5 is the most powerful of all trading languages that are used to make algorithmic trading softwares for retail traders. It’s 100% free and comes with the best trading platform, MT5.
The main flagship of MQL5 is its facilitation of Object Oriented programming. This is very important in MQL5 algorithmic trading because it allows programmers to produce more efficient programs.
Indicators are powerful tools and with MQL5, you can develop any indicator you wish to develop. They are part of algorithmic trading in that they display statistical calculations in easily interpreted formats such that we can make decisions about the movement of price based on that statistical data.
In this MQL5 algorithmic trading course, I shall walk you comprehensively through the basics that you shall need to be competent in the language. We shall cover the following:
Storing data in MQL5 Variables
MQL5 Datatypes
Operators and Operations in MQL5
MQL5 conditional operators
MQL5 loops
Functions in MQL5
MQL5 Object Oriented Programing with classes
MQL5 Projects
In the MQL5 projects section, we shall create some indicators and Expert advisors or trading robots to assist us to implement Algorithmic trading.
So scroll back up, press that enroll button, an let’s begin learning how to create our own algorithmic trading tools with MQL5.
