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How does MQL5 compare to MQL4 for developing trading strategies in the cryptocurrency market?

avatarAYCHA YAHIANov 24, 2021 · 3 years ago1 answers

What are the main differences between MQL5 and MQL4 when it comes to developing trading strategies in the cryptocurrency market? How do these differences impact the effectiveness and performance of the strategies?

How does MQL5 compare to MQL4 for developing trading strategies in the cryptocurrency market?
MQL5
MQL4
Cryptocurrency Trading Strategies

1 answers

  • avatarNov 24, 2021 · 3 years ago
    MQL5 and MQL4 are both popular choices for developing trading strategies in the cryptocurrency market. MQL5, being the newer version, offers more advanced features and capabilities compared to MQL4. It provides better support for object-oriented programming, multi-threading, and event-driven programming, which can greatly enhance the effectiveness and performance of trading strategies. However, MQL4 still has a strong presence in the market and is widely used by traders. It is considered to be more beginner-friendly and easier to learn, making it a good choice for those who are new to algorithmic trading. Both MQL5 and MQL4 have their own strengths and weaknesses, and the choice between the two ultimately depends on the trader's specific requirements and preferences.

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