The ["MQL5"] folder is a dedicated directory within the MetaTrader 5 (MT5) platform that houses Expert Advisors (EA). This folder is essential to implement automated trading strategies using MQL5 scripts for algorithmic trading.
1. Expert Advisor Files: This folder contains .mq5 files for various EAs developed in the MQL5 programming language. Each file represents a unique automated trading strategy that can be deployed on the MT5 platform.