As well as many technical
indicators and line
studies, there is built-in language for trade strategies
programming MetaQuotes
Language 4. Using this language, you can create Expert
Advisors, Custom
Indicators and Scripts.
Expert Advisors can analyze the situation on the market, make
decisions, put pending orders, and open positions in on-line
mode without trader's participation. Custom Indicators, just
like technical ones, can analyze the situation on the market
and generate various signals. As for Scripts, they are
designed for single execution of some actions.