raeganschinner
MQL4 and MQL5 are similar programming languages, but they have some key differences:
Speed: MQL5 is significantly faster than MQL4, with execution speeds closer to C++.
Features: MQL5 offers more features than MQL4, including asynchronous operations, debugging on historical data, and the ability to use multiple threads.
Legacy Support: MQL4 is still widely used due to the large amount of existing code for the MetaTrader 4 platform. There are many more resources and code libraries available for MQL4.
Here's a breakdown of some factors to consider when choosing between MQL4 and MQL5:
New Development: If you're starting a new project, MQL5 is generally the better choice due to its speed and features.
Legacy Code: If you're working with existing MQL4 code, porting it to MQL5 may not be worthwhile.
Project Complexity: For complex projects, MQL5's features can be advantageous.
Here are some resources that you might find helpful:
MQL5 vs MQL4 Comparison: https://www.litefinance.org/blog/for-beginners/what-is-metatrader/mt4-vs-mt5/
New MQL5 Features Compared to MQL4: https://docs.mql4.com/mql5_language
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🤑 Learn coding on MQL4 or MQL5 so that when you are not trading, you have another skill(Creating EAs and Indicators- that other people can still pay you to do