Over the past 7 months since the release of the public build 509, Metaquotes put in a lot of effort to improve MetaTrader 4 client terminal. MQL4 programming language for developing trading strategies has undergone the most significant changes – program execution speed has been increased, while the language itself has been brought closer to MQL5 to the maximum possible extent. This means that MQL4 trading robot developers can now also enjoy all the advantages of OOP: classes and structures, inheritance, Standard Library, resources and much more. New MetaEditor(MT4 build 600) provides such features as debugging, profiling, personal storage, autosubstitution of function names, snippets, inserting resources and intelligent code management. The new MetaTrader 4 terminal features the Market – store of protected applications for MetaTrader 4 terminal. Now, any developer can put his or her own trading programs for sale on the unified application store, while traders can buy any product right from the terminal.

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All EX4 application files downloaded from the Market have the high level of protection similar to that of MQL5. MQL4 application developers can set the number of activations and prices for their products without worrying about the technical issues related to sales process – MetaTrader 4 Market will take care about the latter. Due to changes in the file structure and location of the directory for storing custom files (indicators, Expert Advisors, scripts, templates, logs, etc.), all these data will be automatically moved to the new place during the update. Not a single custom file will be deleted during the process, and all original files will remain in their appropriate locations becoming backup copies. As a result of the recent MetaTrader 4 (MT4) Build 600 upgrade implemented by MetaQuotes, the folders within the MT4 folder have moved. In addition, the MQL4 language has changed, and this may have interfered with your installed Expert Advisors (EAs) and indicators. As a result of this upgrade, you should firstly save your EAs and indicators in the new folder location, which is: MT4 > MQL4 > Experts/Indicators.

Secondly, you will need to align your EAs and indicators with the new language to ensure they are fully functional on the updated MT4 platform. To do this, there are two options: Option 1: Contact your EA provider if you do not have the source code available and request an updated version of the EA.

Related Readings and Observations • Here is a William VIX FIX indicator for Metatrader 4 software. William VIX FIX is a bottom predicting indicator and we had covered enough articles here in marketcalls. VIX FIX indicator is [] • Starting from MT4 Build 600+ onwards Metaquotes has changed metatrader files data structure and so there is a change in Installation of Custom MQL4 indicatorsAdvisors. The change happened [] • Metatrader from its Client Terminal build 735 build onwards implemented a new feature called Virtual Hosting.

Where a virtual server can be ordered within the MT4 terminal itself using [] • Tradejini & Alphametrix Jointly organising one day free seminar in Bangalore and the purpose of the program is to introduce the various concept of mechanical trading strategies using [] • ForexTrend TSL is a Bollinger Band based trend trading indicator. The mathematical model uses bollinger band to compute the trailing stoploss level for the Buy and Sell Signals. • This post will guide you how to Send Push Notification Alerts to your Android, iPhone or iPAD device from your Metatrader 4 desktop client terminal. Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders.

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