⭐ MQL4TradingAutomation Review
MQL4TradingAutomation offers programming services for MetaTrader 4 and MetaTrader 5. Their library includes automated trading software such as MT4 and MT5 indicators and Expert Advisors (EAs). Anyone can join the website for free and test demo versions of their software. The MQL4TradingAutomation site also features useful learning resources and trading strategies.
Their Software Solutions for Forex Traders include:
■ Trading Indicators for MetaTrader-4 and MetaTrader-5
■ Forex Robots for MetaTrader-4 and MetaTrader-5
■ General Utilities for MetaTrader-4 and MetaTrader-5
⚙️ MQL4TradingAutomation Software Solutions
Their website is free to join, allowing users to test indicators and EAs, but the full-featured versions are commercial and require a one-time payment.
(A) Metatrader-4 & Metatrader-5 Forex Robots
Expert Advisors for MetaTrader-4 and MetaTrader-5:
- ORDER MANAGEMENT EXPERT ADVISOR
- TRAILING STOP EXPERT ADVISOR
- RISK MANAGEMENT EXPERT ADVISOR
» The MQL4TradingAutomation Website
🔄 Using the MQL4TradingAutomation
Let’s see an example of an Expert Advisor…
MQL4TradingAutomation Auto-Close Expert Advisor
The MQL4TradingAutomation Auto-Close is a Forex robot designed to help traders manage risk and money management rules. It monitors balance, margin, profit, and loss, alerting traders whenever any of these reach a specified threshold.
Metatrader-4 & Metatrader-5 Indicators
Trading indicators for MetaTrader-4 and MetaTrader-5:
- PRICE ACTION INDICATORS
- ENTRY AND EXIT INDICATORS
- MULTI TIME FRAME INDICATORS
- CHART MANAGEMENT INDICATORS
- ORDER & RISK MANAGEMENT INDICATORS
Here are some examples of useful indicators:
(1) MQL4TradingAutomation One-Click Trade Pro
This tool allows traders to open and close orders with a single click. The PRO version also includes features like opening opposite pending orders and setting up and submitting orders using lines.
(2) MQL4TradingAutomation Candle Timer
The Candle Timer displays symbol details and provides alerts before a candle closes.
(3) MQL4TradingAutomation Pattern Detector
This indicator recognizes common 1, 2, and 3 candlestick patterns. Traders can add it to their charts and receive notifications when a new pattern is detected.
(4) MQL4TradingAutomation Support Resistance Lines
This indicator calculates historical support and resistance levels and displays them as colored lines on the chart. It also alerts traders when the price enters a potentially dangerous zone.
(5) Bollinger Bands Breakout Alert
Notifies traders when the price breaks out of the Bollinger Bands. You just set the parameters and get alerts for potential breakout trades.
(6) Parabolic SAR Trailing Stop
Automatically trails the Stop Loss price of selected orders, following the Parabolic SAR indicator to lock in profits and manage risk.
(7) Supertrend Line
Displays the current trend based on the ATR (Average True Range), helping traders identify bullish or bearish market conditions.
(8) Currency Strength Matrix (CSM)
Shows the strength of major Forex currencies across multiple timeframes. The demo version supports 4 currencies and 4 timeframes, great for quick strength/weakness analysis.
💭 MQL4TradingAutomation Review -Summary
MQL4TradingAutomation really caters to a wide range of traders by providing customizable tools and robots that work well with different trading styles — from fast intraday moves to longer-term swing or position trades.
The mix of free trials plus paid one-time upgrades makes it accessible while still offering professional-grade features. Plus, the added educational content is a nice bonus for traders wanting to sharpen their skills alongside using the tools.
» The MQL4TradingAutomation Website
■ MQL4TradingAutomation Review
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