Is MQL5 a dealbreaker for institutional investors?
Your comment could imply that you are already assuming that institutions are already rejecting codes don in mq5. But what makes you think that? Despite its instability due to forced beta updates in 3rd quarter of each year for the last 3 years, despite moderators telling everyone that you dont get betas if you 1. dont connect to mq demos, and 2. dont click check beta update in help menu;
the use of mt5 continues to be adopted by the masses.
Hi everyone,
Question of the day (hoping this stays within the rules!).
We all have at least one thing in common: the goal of making money, and ideally, getting institutions or hedge funds to back our trading.
From what I’ve gathered, it seems MQL5 is often dismissed as a "gimmick," lumped in with the likes of PineScript. I strongly disagree. If I didn't believe in its potential, I wouldn't have invested so much time and effort into it.
The common narrative is that Python is the only "real" language for building institutional-grade bots. Personally? I hate Python.
But the question remains: Imagine you’ve developed a high-performing, institutional-grade EA. Do you think you’d face a flat-out rejection—despite stellar backtests and live metrics—simply because your robot is written in MQL5?
Any institution is programmed to assume retail algo is curve-fit until proven otherwise.
This mindset didn’t appear from nowhere - google LTCM (1998): Nobel Prize staff, sophisticated models, huge leverage and - still a collapse.
So the language (mql/python/etc) is not the issue. Lack of solid live track-record is.
Don’t overthink it. First build robust trading history, then start worrying about institutional acceptance.
This mindset didn’t appear from nowhere - google LTCM (1998): Nobel Prize staff, sophisticated models, huge leverage and - still a collapse.
I learned a lot
https://en.wikipedia.org/wiki/Long-Term_Capital_Management
wow. that is quite a read! thanks for sharing.
Thank you for that.
I learned a lot
https://en.wikipedia.org/wiki/Long-Term_Capital_Management
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Hi everyone,
Question of the day (hoping this stays within the rules!).
We all have at least one thing in common: the goal of making money, and ideally, getting institutions or hedge funds to back our trading.
From what I’ve gathered, it seems MQL5 is often dismissed as a "gimmick," lumped in with the likes of PineScript. I strongly disagree. If I didn't believe in its potential, I wouldn't have invested so much time and effort into it.
The common narrative is that Python is the only "real" language for building institutional-grade bots. Personally? I hate Python.
But the question remains: Imagine you’ve developed a high-performing, institutional-grade EA. Do you think you’d face a flat-out rejection—despite stellar backtests and live metrics—simply because your robot is written in MQL5?