MetaQuotes Releases new MQL5 Wizard

  • Now, Everyone can Create a Trading Robot

KAZAN CITY, Russia, April 26 /CNW/ - MetaQuotes Software Corp today announced the release of a new version of the MQL5 Wizard, an application that automatically creates trading robots for Forex trading. Using the Wizard, even ordinary traders, who do not have programming skills can easily create automated trading systems.

The principle of the MQL5 Wizard operation is simple. To create a trading robot, the user only needs to specify parameters of the trading algorithm and money management, and the Wizard would create an MQL5 program (http://www.mql5.com/) for the same.

An important function added to the new version of the MQL5 Wizard enables traders to create trading robots based on different combinations of signals. This innovation allows sophisticated quote analysis and access to more accurate signals, and would ultimately lead to an increase in the number and variety of automated trading programs created using the Wizard.

Currently the MQL5 Wizard includes about 20 trading signals that can be combined to produce a variety of different algorithms. The application developers are planning to increase the number of signals to 50 in the coming months. The rich functionality of the MQL5 Wizard is available to any user of the MetaTrader 5 trading terminal. This means that anyone can create a robot that will trade according to a user defined strategy.

In general, the company's 2011 strategy is aimed at making automated trading accessible to all users irrespective of their experience and programming skills.

"The release of the MQL5 Wizard is just one of the steps in our global strategy," said Renat Fatkhullin (http://www.metaquotes.net/en/company/management), the CEO of MetaQuotes Software Corp. "We have long been engaged in the development of automated trading, and now we have taken an important step to help ordinary traders. We have provided them with the opportunities that were previously available only to experienced programmers. The powerful functionality used by professional developers is now available to all traders. With the new MQL5 Wizard, even a novice user can create a trading robot based on various algorithms."

The next step of MetaQuotes' strategy is the upcoming launch of new services - Market and Signals. The new services will provide a secure place for selling and purchasing MQL5 applications and signals. The developers believe that this will lead to even greater popularity of automated trading.

About Automated Trading

Automated trading technologies allow creation and use of automated trading systems in financial markets. Such robots can replace humans both in analysis and trading activities. MetaQuotes Software Corp. specialists believe that automated trading is the technology of the future, and during the next three years, a large number of automated traders will emerge in the financial market. Anyone can watch the behavior of trading robots during the annual Automated Trading Championships (http://championship.mql5.com/) organized by MetaQuotes Software Corp.

SOURCE MetaQuotes Software Corp

For further information:

Media Contacts
Lenar Fatkhullin,
Marketing Director of MetaQuotes Software Corp.
E-mail: lenar@metaquotes.net
Tel: +7(843)200-10-10 ext. 132

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MetaQuotes Software Corp

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