MQL4, MQL5 & Pine Script Conversion Service
MQL4, MQL5, and Pine Script are all popular programming languages for trading robots and indicators. They each have their advantages and disadvantages, so it is essential to choose the right one for your needs.
MQL4 for MetaTrader 4 is the older of the three languages, but it is still widely used because it is very powerful. There are endless expert advisors and custom indicators available for free or for sale. It also has a large community of users who can offer support and advice.
MQL5 for MetaTrader 5 is the successor to MQL4, and it offers many improvements such as object-oriented programming and support for 64-bit systems. It also has a large community of users and a wide range of code libraries. However, MQL5 can be challenging to learn if you are not already familiar with MQL4.
Pine Script Trading view is a relatively new language designed specifically for trading indicators. It is straightforward to use and has a wide range of built-in functions. Pine Script also supports drawing on charts, which can help visualize data. However, Pine Script is not as powerful as other languages, and finding good quality code libraries cannot be easy. TradingView has millions of users in its community. Free scripts and quick help is at your fingertips.
Which Platform/Language Should You Use?
The best language for you will depend on your needs and preferences. MQL4 or MQL5 may be the best choice if you need a powerful and flexible language. If you need an easy-to-use language with good charting support, then Pine Script may be the best choice. Ultimately, the best language for you is the one you are most comfortable using.
If you’re only using MetaTrader 4 and its mql4 programming language for your trading strategies and custom indicators, you may be missing out.
Fortunately, our conversion service can help. We can convert your existing mql4 code to the newer mql5 language or pine script, so you can keep using your favorite indicators and strategies without worry.
MQL5 is more powerful and flexible, and it’s constantly being updated with new features. Pine Script is also becoming more popular, thanks to its ease of use and growing community of developers.
If you want to explore new ideas beyond MetaTrader 4, such as; MetaTrader 5 and TradingView, perhaps now is the time to make the switch. Our conversion service makes it easy, and you’ll be glad you did.