Convert Pine Script to MQL4
Convert Pine Script to MQL4 Pine Script and MQL4 are two different programming languages used for creating custom indicators and trading strategies. Pine Script is used in TradingView, while MQL4 is the scripting language for MetaTrader 4 (MT4). Many traders and developers want to convert Pine Script to MQL4 to run their TradingView strategies on MT4.
What is MQL4?
MQL4 (MetaQuotes Language 4) is the programming language for MetaTrader 4 (MT4). It allows traders to create custom indicators, scripts, and Expert Advisors (EAs) to automate trading strategies.
Key Features of MQL4:
- More complex and powerful than Pine Script
- Allows full automation of trading strategies
- Supports object-oriented programming
- Used for Expert Advisors (EAs) and custom indicators
Differences Between Pine Script and MQL4
| Feature | Pine Script | MQL4 |
|---|---|---|
| Platform | TradingView | MetaTrader 4 |
| Complexity | Simple | More complex |
| Execution | Works inside TradingView | Runs on MT4 terminal |
| Automation | Limited automation | Full automation possible |
| Indicators | Customizable but limited | Highly customizable |
Because of these differences, converting Pine Script to MQL4 is not always a direct process. Let’s go through the steps.
Trading Strategy
Accuracy = 52-65% (varies on each asset)
Backtested – for last 10 year data
Take Profit and Stop Loss Ratio 1:2, 1:3
Zoom Call Proof are Available
Steps to Convert Pine Script to MQL4
1. Understand the Pine Script Code
Before converting, analyze the Pine Script you want to convert. Identify key components like:
- Inputs (
input()) - Indicators (
plot()) - Trading conditions (
strategy.entry(),strategy.close())
2. Translate Variables and Functions
MQL4 uses different syntax compared to Pine Script. Here’s a basic translation:
Example 1: Declaring a Variable
Pine Script: price = close
MQL4: double price = Close[0]
Example 2: Plotting an Indicator
Pine Script: plot(sma(close, 14), title=”SMA 14″, color=color.blue)