In this guide, we will explore a few options to get you started with converting your MT4 EA to cTrader How to Convert an Expert Advisor into a cBot The key difference between an Expert Advisor and a cBot is the language used to program them and the platform they were designed to run on. MQL5 is also a different proprietary language, which means there is no compatibility between MT5 and MT4. It’s said to be similar to C++, but the fact remains, it’s still a proprietary language. MQL4 is a proprietary language developed by MetaQuotes. Expert Advisors built for MT4 are built using MQL4, which stands for MetaQuotes Language 4. cTrader bots are created using c#, which is a popular software development language created by Microsoft. cTrader has its own API known as the cTrader Automate API. Expert Advisor vs a cTrader BotĬTrader and MetaTrader 4 are fundamentally very different forex trading platforms. A cBot is an abbreviation of cTrader Robot however, traders often use EA or Expert Advisors as a general phrase for automated trading strategies, regardless of the underlying platform. The term EA is often used in the context of other platforms too. The term is commonly abbreviated to EA and is also used for MetaTrader 5 automated trading robots built with MQL5. Because of the huge popularity of MetaTrader, the term became very popular with forex traders. Expert Advisor is the name given by MetaQuotes to the automated trading robots developed in MQL4 to run in the MetaTrader 4 platform. Jargon Busterīefore going forward, we will quickly decode some jargon. There are a few reasonable motivations for moving away from MetaTrader 4 and converting your forex EA to a cTrader cBot. Most recently, cTrader has seen a series of major updates which improve automated trading capabilities. MetaTrader 4 no longer offers updates, the platform is incompatible with the latest macOS version, and the alternatives are getting better and better.
Currently, there are a few hot reasons why traders want to ditch MT4. Typical motivations to switch trading platforms are when a broker or trading platform no longer meets your needs.
An overview of consultants who can help covert your MT4 EA.How the cTrader community can help to convert your forex EA to cTrader.Methods for converting Expert Advisors to cTrader.The difference between an Expert Advisor and a cBot.Why traders want to convert their MT4 EA to cTrader.There are several reasons why traders want to migrate to different trading platforms. If you already have an MT4 Expert Advisor coded in MQL4 for MetaTrader 4, you might wonder why should you convert it to another trading platform, such as cTrader. Introduction to Converting MetaTrader 4 Expert Advisors
0 kommentar(er)
