Courses > AI in Trading > Course 3: AI Trading MetaTrader 4
What are MetaTrader 4’s inbuilt AI capabilities?
MetaTrader 4 (MT4) offers several inbuilt features that mimic basic AI capabilities. These tools are primarily designed for automated trading and strategy implementation. The most notable of these features include the use of Expert Advisors (EAs) and tools within the platform for developing and refining automated systems.
Expert Advisors: Automation with AI-Like Functionality
Expert Advisors (EAs) are automated trading systems that analyze market conditions and execute trades based on predefined rules. These systems, while not true AI, simulate AI functionality by processing market data, detecting patterns, and executing trades without human intervention.
EAs on MT4 can range from simple systems executing basic strategies to highly complex setups capable of mimicking advanced decision-making. Traders can customize EAs using MetaQuotes Language 4 (MQL4), the platform's scripting language, to align with their specific trading goals.
MetaEditor for EA Development
MQL4 scripts are created and refined within MetaEditor, MT4’s integrated development environment. MetaEditor serves as the central tool for writing, debugging, and testing MQL4 code.
In addition, MetaEditor now includes an AI-assisted debugging tool, which helps traders identify and resolve issues in their code more efficiently. This makes MetaEditor not just a coding platform but also a supportive tool for improving the reliability and performance of automated trading systems.