Automating trades using scripts and expert advisors (EAs) on the MetaTrader 4 (MT4) platform can be done using the built-in MetaEditor. Here is a basic overview of how to create and use scripts and EAs on the MT4 platform:
- Open the MetaTrader 4 platform and click on the "File" menu. Select "Open Data Folder" to open the folder where your EAs and scripts are stored.
- In the "MQL4" folder, create a new folder named "Experts" to store your EAs, or "Scripts" to store your scripts.
- Open the MetaEditor by clicking on "View" and then "MetaEditor" from the top menu bar, or by pressing the F4 key.
- In the MetaEditor, you can create a new script or EA by clicking on "File" and then "New" from the top menu bar, or by pressing the Ctrl+N key.
- Choose the type of code you want to create: "MQL4 Expert Advisor" for EAs or "MQL4 Script" for scripts.
- Write the code for your script or EA using the MetaQuotes language 4 (MQL4). You can also use examples and templates provided by the MetaEditor as a starting point.
- Once you have finished writing your code, click on "File" and then "Save" from the top menu bar, or press the Ctrl+S key, to save it to the appropriate folder.
- Close the MetaEditor and open the Navigator window on the MT4 platform by clicking on "View" and then "Navigator" from the top menu bar, or by pressing the Ctrl+N key.
- Select "Experts" or "Scripts" in the Navigator window to find your newly created script or EA.
- Drag and drop your EA or Script onto a chart to start running them