What is a trading robot in MetaTrader 5?

The MetaTrader 5 algorithmic trading components comprise the specialized integrated development environment MQL5 IDE. This development environment covers the entire cycle of trading application development, allowing the trader to create, debug, test, optimize, and execute trading robots. How to acquire a trading robot for MetaTrader 5?

What is automated trading in MetaTrader 5?

Trade account management through specialized MetaTrader 5 applications is called Automated Trading or Algorithmic Trading. These applications are referred to as trading robots; they can analyze quotes of financial instruments, as well as execute trade operations on the Forex and exchange markets.

What are automated trading applications in MT5?

Automated trading applications, like the Expert Advisors (EAs), in MT5 can be broadly classified into two categories: trading robots and indicators. Trading robots are created to perform trading operations in your account automatically, whereas indicators are designed to analyse price action or identify price patterns on a chart.