Creating a custom indicator or a trading strategy in MetaTrader 4 (MT4) involves writing in MQL4, a programming language used specifically for developing trading strategies, technical indicators, and automated trading systems (Expert Advisors) for the MT4 platform. Below, I'll guide you through creating a simple custom indicator. This example will be for a basic Moving Average indicator, but we'll add a twist to make it more interesting.
Deriv MT4 is the MetaTrader 4 platform integrated specifically for Deriv clients. While the interface looks and feels like the standard MT4 platform used by millions globally, the backend is connected to Deriv’s liquidity and unique trading assets. deriv mt4