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

Joshua McGowan
14
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 :)
Paul Anscombe
5686
Paul Anscombe  
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
14
Joshua McGowan  
Paul Anscombe:
Mt5 64 bit supported and will get new features.  Mt4 32 bit no new features ever.  Do the math 

Roger that. 

Keith Watford
Moderator
28885
Keith Watford  

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.