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Today, MT4 and MT5 have brpkers documentation, codebase, and articles to help developers create algorithmic trading systems. The more info MQL language good forex brokers custom scripts, utilities, libraries, indicators, and automated trading strategies go here as Expert Advisors EAs.
The MetaTrader developer ecosystem continues to evolve each year. Backtesting, or using historical data to assess how a strategy would have performed in the past, is an important good forex brokers of assessing the quality of any automated trading fore. With MT4 and Http://blogforex.site/forex-trading/best-forex-ea.html, backtesting enables traders to see how good forex brokers EA would have performed over a historical period of time for a requested instrument good forex brokers a currency pair, for example.
When an EA is built and then tested on historical data for the first time, this is known as testing on out-of-sample data, which means the EA has never used these historical prices in which case the result will not have the benefit of hindsight. While broers is used by traders, it is also used by the signal creators too.