MT4 Orders
Info
The MT4 Orders is a Library for MetaTrader 5 that this library allows to work with the orders in mql5 (mt5-hedge) in the same way as in mql4. That is, the order language system (OLS) becomes identical to MQL4.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use MT4 Orders
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
This library allows to work with the orders in MQL5 (MT5-hedge) in the same way as in MQL4.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Functions to simplify work with orders - another powerful library for MetaTrader 5 traders.
This library allows to work with the orders in MQL5 (MT5-hedge) in the same way as in MQL4.
Also recommended: n Close Orders - similar library with strong performance on MetaTrader 5.
That is, the order language system (OLS) becomes identical to MQL4. At the same time, it is still possible to use the MQL5 order system in parallel. In particular, the standard MQL5 library will continue to fully operate.It is not necessary to choose between the order systems. Use them in parallel! When translating MQL4 -> MQL5, there is no need to touch the order system at all.
It is sufficient to add a single line at the beginning:
Similar actions (adding one line) in your MQL5 codes allow to add the MT4 OLS to the MT5 OLS, or completely replace it.
This work covers only the order system.
The task of possibility to create a complete library for allowing the MQL4 code to work in MetaTrader 5 without changes had not been considered.
As an example, multiple MT4/5 Expert Advisors (from the codebase) of different types have been used: scalpers, news trading experts, martingales, multi-currency experts, etc.
Here (parallelism of the MT4 and MT5 OLS) is how they can be used in the MT5 tester (or demo):
If earlier it was possible to test the MT4 experts on real ticks in the MetaTrader 4 tester, now the MT5 tester has the multi-currency capabilities. That is, the multi-currency MT4 experts can now be tested directly in the tester!
An additional example is a statistical script, collected from multiple MT4 samples:
You may also like: n Modify Orders - excellent alternative for library users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.