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Robots Glossary

MQL4/MQL5

MQL4/MQL5 - Programming languages used to develop trading algorithms on MetaTrader. The MetaQuotes Language 4/5 (for MT4 and MT5 respectively) is a high-level, object-oriented language designed for writing automated trading strategies and custom indicators. Programmers use MQL to code Expert Advisors (trading robots) and scripts that run in the MT4/MT5 environment, allowing real-time trade execution and custom analysis in the platform