Trader Tip: MT4 EA Part 3 – Order Book This is part 3 in a series of Trader Tips to help you understand MT4 and building Expert Advisors (EAs). To best understand this Trader Tip, it is recommended that you watch the previous Trader Tips in this series to get the additive understanding. So often traders, trade blindly without looking at their order book. Are you currently long, short? And what pending orders are in place. If you are building an EA to trade in an automated fashion, understanding how to manipulate these items is key.
In this installment of this Trader Tip series, we will discuss the order book functions that can be used in accessing and using the order book data of the MT4 in your EAs. Understanding the order book in terms of what orders are active, pending or historically already passed is paramount in building an effective EA to begin to build an EA that can trade autonomously and automate your trading.
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