As the name suggests, MQL4TradingAutomation is a coding service that aims to provide innovative automated-trading software for the MetaTrader platforms. The programmer behind the service is Luca Spinello. MQL4TradingAutomation offers a complete trading library containing a wide variety of trading tools such as utilities, indicators, and EAs (for example, Trailing Stop EA, Fixed Step Trailing Stop EA, and many more). Their website includes also Forex updates, trading news, reviews, and extended learning resources.
■ MT4& MT5 Trading Indicators
■ MT4 & MT5 Expert Advisors
■ MT4 & MT5 General Utilities
The MQL4TradingAutomation Library
There is a complete set of indicators and Expert Advisors (EAs) for all trading styles and all timeframes.
■ Metatrader-4 & Metatrader-5 Indicators
These are some available indicators for MT4 & MT5:
- ENTRY AND EXIT INDICATORS
- MULTI TIME FRAME INDICATORS
- ALERT INDICATORS FOR MT4 & MT5
- PRICE ACTION INDICATORS
- CHART MANAGEMENT INDICATORS FOR MT4 & MT5
- RISK MANAGEMENT INDICATORS FOR MT4
- ORDER MANAGEMENT INDICATORS FOR MT4 & MT5
■ Metatrader-4 & Metatrader-5 Expert Advisors
These are some Expert Advisors for MT4 & MT5:
- ORDER MANAGEMENT EA FOR MT4 & MT5
- RISK MANAGEMENT EA FOR MT4 & MT5
- TRAILING STOP EA FOR MT4 & MT5
Let’s see some examples by Luca Spinello…
MQLTA One Click Trade Pro
One-Click Trade Pro is a tool that allows you to open orders with just one click, choosing all the parameters. Useful if you want to quickly submit trades specifying also Other than submitting new orders you can also see the list of orders and change their Stop Loss and Take Profit.
The PRO version also allows you to:
- Open opposite pending orders
- Setup and submit orders using lines
MQLTA Bollinger Bands Breakout Alert
Bollinger Bands Breakout Alert is a simple indicator that can notify you when the price breaks out of the Bollinger Bands. You just need to set the parameters of the Bollinger Bands and how you want to be notified.
AutoClose is an expert advisor that can assist you with your money and risk management rules. The EA can monitor your Balance, Equity, Margin, Global Profit and Global Loss and alert you in case any of these reaches a specified threshold. Load the Auto Close EA in the chart and set the parameters you want to keep monitoring.
MQLTA Candle Timer
MQLTA Candle Timer is an indicator that can show you the details about a symbol/pair and alert you before the close of a candle. Used in swing trading and other trading styles. The indicator can be used for optimizing strategies knowing and be ready before the close of a candle.
MQLTA Pattern Detector
Pattern Detector can detect the most common 1, 2 and 3 candlestick patterns and send notifications when detected. Add the indicator to the chart you want to analyze and select which patterns to detect, the indicator will draw the detected patterns. You can also be notified via alert, app and email when a new pattern is detected.
MQLTA Support Resistance Lines
MQLTA Support Resistance Lines is an indicator that calculates the historical levels of Support and Resistance and displays them as Lines on the chart. It will also alert you if the price is in a Safe or Dangerous zone to trade and show you the distance to the next level.
MQLTA Parabolic SAR Trailing Stop
The Parabolic SAR Trailing Stop will trail the Stop Loss price of your selected orders following the PSAR indicator, so you don't have to worry about having to change it manually. The Expert Advisor sets and moves the Stop Loss price of the selected orders following the value of the PSAR Indicator.
MQLTA Supertrend Line
The Supertrend Line indicator shows you the trend using a calculation based on the ATR. The Supertrend draws a line following the current trend, this line is the result of a calculation made with the ATR. A line under the candle means a likely bullish trend A line above the candle means a likely bearish trend How to trade with CSL indicator Buy when the Supertrend line is below the price, Sell when the Supertrend line is above the price.
MQLTA Currency Strength Matrix DEMO
Currency Strength Matrix (CSM) is an indicator that will show you the current strength of the major currencies in several timeframes allowing you to sort the currencies for strength and spot possible trading setups. This indicator is ideal for scalping and in all those events of sudden big moves. There is a DEMO version that shows 4 currencies and 4 timeframes.
MQLTA One Click Trade
One-Click Trade is a tool that allows you to open orders with just one click, choosing all the parameters, including the Magic Number! Useful if you want to quickly submit trades specifying also their Magic Number. Other than submitting new orders you can also see the list of orders and change their Stop Loss and Take Profit.
MQLTA Target Line Indicator
The Target Line Indicator (TLI) is a very useful tool to find and show on chart price levels to your desired profit. Given a specific profit or loss, the indicator will calculate which price needs to be reached, whether you have one or multiple open orders. In the TLI options, you can specify a profit or loss expressed in your account currency, once done the indicator will scan your open orders in the chart.
Final Thoughts on MQL4TradingAutomation
The MQL4TradingAutomation is an interesting automated-software service offering all the essential trading tools for improving MetaTrader-4 and MetaTrader-5 platforms. That includes indicators, utilities, and fully-automated EAs for all trading styles and almost all timeframes. You can use the service for free and download free (Demo) versions with limited capabilities. The full-featured professional versions are paid individually for a one-time fee. Overall, it is an innovative service that enhances the trading experience of every Forex trader.
■ MQL4TradingAutomation Review