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Hi this is Shaun Overton with OneStepRemoved.com
in this video we will talk about MetaTrader programming
and some of the capabilities that you can accomplish
within MetaTrader in terms of programming and things you might want to build on
your own there are really four different categories you can build an expert advisor
you can build an indicator or you can build a script and lastly and you can build a DLL
Expert Advisor is a trading robot that means if you want to automatically
manage your trades to buy and sell you can have an expert advisor or trading robot
to do that for you 24/6 around the clock and you can customize it however
you want you can add in trailing stops you can make it trade only between certain
time of the day you can make it not trade on Sundays and Fridays you can program
it with any indicator any combination really anything that you can quantify
and that you want to trade automatically you can build an expert advisor to do it
the second category is an indicator, an indicator is a unique way of studying the market
so just like when you put a moving average on the chart or you put the RSI indicator those all
fall in the indicator categories so different ways that we see our customers program
unique ideas is they tend to find to find things on the internet and then modify them
they will say that I see the zig-zag paints a certain way so I want to identify
my own unique highs and lows or they will come up with an indicator and decide that
they think it’s a little too sensitive or a little too weak and they modify the
way it paints the market just the sensitivity and finally we have the scripts the scripts are
kind of like expert advisor except they only runs once so if you are a scalper and
you want to buy or sell really quickly you don’t want to that over over and over again
on every tick instead you want to buy one time and you are done the script
would accomplish that for you and finally we have DLL programming
and DLL is a dynamic link library but that’s just nerdy talk for stuff that you cannot do in MQL
you do it in a higher level language and in MetaTrader we happen to use C, C++ or Delphi
and that really opens up the roam of possibilities of things that you can do
so if you wanted to encrypt your expert advisor and sell it on the internet
you would do that inside a DLL file because MQL is not very secure you can’t do any
kind of interact communication or licensing process so you need to move that to a
higher level language and DLL is the best way to do that
If you have question about what programming can be done in the MetaTrader
or whether or not your project feasible you can find me at
www.OneStepRemoved.com
My name is Shaun Overton, Thank you for listening.