Development of Trading Agent Using MQL4 Language

Authors

Mihailo Božović
University of Maribor, Faculty of Organizational Sciences
Robert Leskovar
University of Maribor, Faculty of Organizational Sciences
https://orcid.org/0000-0002-5325-7542
Borut Werber
University of Maribor, Faculty of Organizational Sciences
https://orcid.org/0000-0002-5185-5717

Synopsis

The thesis deals with the development of a trading agent using the MQL4 language, specific for trading on the MetaTrader 4 platform. Our goal was to create a prototype of an agent that would independently analyze price movements among the most important currency pairs and execute trades based on a specific strategy. We implemented functions in MQL4 that allow the agent to make decisions about buying and selling currency pairs based on various indicators and price movement analyses. The research also included testing and optimizing performance in simulated trades. The existing literature mainly focuses on theoretical aspects of algorithmic trading, but there is often a lack of concrete case studies and practical implementations in MQL4. Also, many studies are focused on general trading strategies and functions, while there is less emphasis on the adaptability of algorithms to specific market conditions and the impact of various optimization techniques on their long-term performance.

Author Biographies

Mihailo Božović, University of Maribor, Faculty of Organizational Sciences

Kranj, Slovenia. E-mail: mihailo.bozovic@student.um.si

Robert Leskovar, University of Maribor, Faculty of Organizational Sciences

Kranj, Slovenia. E-mail: robert.leskovar@um.si

Borut Werber, University of Maribor, Faculty of Organizational Sciences

Kranj, Slovenia. E-mail: borut.werber@um.si

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Published

March 19, 2025

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

(Ed.). (2025). Development of Trading Agent Using MQL4 Language. In 44th International Conference on Organizational Science Development: Human Being, Artificial Intelligence and Organization, Conference Proceedings (Vols. 44, pp. 83-92). University of Maribor Press. https://press.um.si/index.php/ump/catalog/book/962/chapter/271