The Howdy Glossary

MetaQuotes Language (MQL) is the programming language designed for developing algorithmic trading systems within MetaTrader 4 and MetaTrader 5 platforms. It enables the creation of Expert Advisors (EAs), custom indicators, automated scripts for executing trades, and function libraries. With a syntax similar to C++, MQL provides traders with the tools needed to implement sophisticated trading strategies using simple code capable of handling real-time market events. The inclusion of pre-programmed mathematical functions further facilitates the development of complex algorithms without starting from scratch.

Developed by MetaQuotes Software Corp., MQL empowers traders to automate their strategies and enhance trading efficiency within the MetaTrader environment. Since its inception, MetaQuotes has been a leading provider of trading technology, helping traders worldwide customize their trading experience extensively through MQL4 and MQL5 languages. By offering a syntax familiar to those with programming experience and incorporating pre-programmed functions, MQL simplifies creating intricate algorithms, making it accessible even for those without extensive coding skills.

MQL faces competition from other programming languages like Python with its libraries Pandas and NumPy, as well as platforms like TradeStation, NinjaTrader, and MultiCharts which offer proprietary languages for developing automated trading systems. Despite this competition, MQL stands out due to its integration with widely used MetaTrader platforms. Its C++-like syntax appeals to experienced programmers while pre-programmed functions expedite strategy implementation. These factors make MQL a compelling choice for traders seeking an efficient way to automate trade executions and leverage real-time market analysis within the robust ecosystem provided by MetaTrader software.