If you’re a trader who uses TradingView’s Pine Script for your strategies but want to automate them on MetaTrader 4 (MT4), you might be wondering: Can Pine Script be converted to MQL4? How, then, can the process be done successfully? This article presents you with everything in simple terms: and also, it introduces a very useful tool — MetaConnector — that eases conversion and automation.
Pine Script is TradingView's proprietary language used for writing custom indicators and trading strategies. It enjoys much popularity because it's easy to use and specially designed for charting and alerts.
MQL4 (MetaQuotes Language 4) is a language for developing Expert Advisors (EAs), custom indicators, and scripts on MetaTrader 4. It is more complex but, nevertheless, is required for automating trade on MT4.
The very simple answer: There is no such online direct conversion tool out there presently that can perform an automatic flawless conversion from Pine Script to MQL4. The two languages are different in syntax and structure, as well as functions and capabilities. Yet, given manual involvement or available tools, one can convert TradingView strategies into MT4.
1. Understand your Pine Script Strategy
Before conversion, try grasping the exact logic underlying your Pine Script, including how it calculates indicators, entry/exit conditions, and risk management.
2. Understand Basic MQL4 Concepts
If you are unfamiliar with MQL4, begin with a basic intro to variables, functions, and order management in MT4.
3. Manually Rewrite Pine Script Logic in MQL4
Rewrite the trading rules from Pine Script into MQL4 syntax. This requires understanding both languages well.
4. Test Your MQL4 Expert Advisor
After coding, test your EA thoroughly using MT4’s strategy tester to verify it replicates the TradingView strategy correctly.
If, for whatever reason, you want to wire TradingView strategies on MetaTrader 4 without getting stuck with deep-level programming, MetaConnector can do the trick.
MetaConnector is a bridging tool: It directly connects the alert signals of TradingView to the MT4 and MT5 platforms. Instead of converting Pine Script into MQL4, it passes alert signals from TradingView into MetaTrader where these signals may then be transformed into automated trades.
Pine Script to MQL4 conversion is a complex process and, at times, manual, but for traders who want to automate TradingView strategies in MetaTrader 4, MetaConnector is the most practical option. MetaConnector works as a bridge for those non-coders between these two platforms.
To get started on MetaConnector or with the conversion of Pine Script to MQL4, consider taking across some reputed services or hand-picking some developers.