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It is a popular trading platform developed by MetaQuotes Software, a reputable software company, and is offered by numerous licensed and regulated forex brokers. and it is regulated by a number of financial authorities around the world. MT4 is used by millions of traders worldwide, and it is a legitimate platform for trading forex, CFDs, and other financial instruments. Yes, MetaTrader 4 (MT4) is legal. legitimate trading platform. It is widely used by forex brokers and expert advisors around the world for conducting forex trading activities. The legality of MT4 is not in question; however, it's important to note that the legality of trading itself depends on the regulatory framework in your country and the broker you choose. Forex trading is regulated differently in various jurisdictions, and traders are required to comply with the laws and regulations of their respective countries. When using MT4, ensure that you are dealing with a legitimate and regulated broker that op

 In forex trading, the .mqh extension refers to header files written in the MetaQuotes Language 4 (MQL4) or MetaQuotes Language 5 (MQL5) programming languages. These header files serve as libraries containing function declarations and constants that can be included in custom indicators, scripts, and Expert Advisors (EAs) to simplify coding and enhance reusability. .mqh is a file extension that is used for MetaTrader programming language files.MetaTrader programming language files are text files that contain the code. The code is written in the MQL4 or MQL5 language, which are both object-oriented programming languages. To use a mqh file in trading, you need to import it into the MT4 or MT5 platform. This can be done by following these steps: Open the MT4 or MT5 platform. Click on the "File" menu and select "Import/Export". Select the "Import Indicators" or "Import Scripts" option. Browse to the .mqh file that you want to import. Click o

 MQL5 (MetaQuotes Language 5) is a programming language used in the MetaTrader 5 (MT5) trading platform. It is specifically designed for creating custom indicators, scripts, and Expert Advisors (EAs) to be used in forex trading and other financial markets. MQL5 is an evolution of MQL4, which was used in the earlier version of the platform, MetaTrader 4  (MT4) . MQL5 is a successor to MQL4 and includes a number of new features, such as support for complex trading strategies and the ability to create custom trading bots. MQL5 files are text files that contain the code for a custom indicator, script, or EA. These files can be created using a text editor or a dedicated MQL5 development environment.MQL5 files can be used to create a variety of trading tools, including Custom Indicators: Traders can use MQL5 to create custom technical indicators based on their unique trading strategies. These indicators can analyze price data and provide visual representations on price charts, helping t

Introduction: MetaTrader 4 (MT4) is a popular trading platform that offers a wide range of indicators. Indicators are tools that can be used to analyze market data and identify trends and patterns. They can be a valuable asset for traders of all levels of experience. Types of MetaTrader 4 Indicators: There are many different types of MetaTrader 4 indicators , each with its own purpose. Some of the most popular types of indicators include: Moving averages: Moving averages are a simple but effective way to smooth out price data and identify trends. Bollinger bands: Bollinger bands are a volatility indicator that can help traders to identify overbought and oversold conditions. Relative Strength Index (RSI): The RSI is a momentum indicator that can help traders to identify overbought and oversold conditions. Stochastic oscillator: The stochastic oscillator is another momentum indicator that can help traders to identify overbought and oversold conditions. MACD: The MACD is a t

Introduction: MetaTrader 4 (MT4) is a popular trading platform used by millions of traders around the world. It is a powerful platform that offers a wide range of features and tools, making it ideal for both beginners and experienced traders. Features of MetaTrader 4: MT4 offers a wide range of features and tools, including: Charts: MT4 provides a variety of charting tools, including candlestick charts, line charts, and bar charts. These charts can be customized to your liking, and you can add indicators and objects to them. Technical analysis: MT4 comes with a number of technical analysis tools, including moving averages, Bollinger bands, and the Relative Strength Index (RSI). These tools can help you to identify trends and patterns in the market. Expert advisors: MT4 allows you to use expert advisors (EAs) , which are automated trading programs that can help you to trade the market without having to be there. Backtesting: MT4 allows you to backtest your trading strategies