Moving Pine Script Algo over to Metatrader. MQL5 is latest but seems MQL4 is the preferred/recommended path for automation?

Joshua McGowan 2021.02.22 22:15

Is there any reason not to dive into MT5 vs MT4? Keep hearing people working with MQL4 language for automated trading but version 5 appears latest and greatest? Any insights is appreciated. Im in the USA and my broker is Alpaca if that matters or not. Thx :)

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Paul Anscombe 2021.02.22 22:33 #1

Joshua McGowan:
Is there any reason not to dive into MT5 vs MT4? Keep hearing people working with MQL4 language for automated trading but version 5 appears latest and greatest? Any insights is appreciated. Im in the USA and my broker is Alpaca if that matters or not. Thx :)

Mt5 64 bit supported and will get new features. Mt4 32 bit no new features ever. Do the math

Joshua McGowan 2021.02.23 02:43 #2

Paul Anscombe:
Mt5 64 bit supported and will get new features. Mt4 32 bit no new features ever. Do the math

Roger that.

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Keith Watford 2021.02.23 05:15 #3

It's really a matter of personal choice.

Many traders who want to try their hands at coding have no experience of any kind of coding whatsoever. I think that many of these prefer the simplification of MQL4.

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