5 Answers
<p id="isPasted">MT4 is developed in MQL4. The proprietary langages developed for the tool by Metatrader company. MT5 is in MQL5.</p><p>If you are interested in MQL4 programming, you must have become acquainted with the client terminal by now. The client terminal is a part of the online trading system. This online trading system also includes a server installed in a dealing center. The dealing centre is connected with other market participants, such as banks and financial institutions.</p>
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<p id="isPasted">MQL is a subset of C++, so if you know C++, it is probably simpler to stick to MQL, unless you really need some crazy infrastructure.</p><p>(MQL supports C++ templates, if you need)</p><p>The MQL API provides pretty much everything needed to implement your algorithms.</p><p>MQL4 is in a C++, C/Win32 fashion, while MQL5 has a C++ Library, and the MT5 runtime is more diverse. But many brokers are still running MT4.</p>
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<p>MT5 is next level platform in meta trade platform series with interface been translated in 31 languages. It is a great multi asset, multi- functional trading platform available in web, online and mobile versions. It comes with comprehensive suite of analytical tools and easy to navigate interface. In fact, it also offers additional services like a freelance database of strategy developers, built-in trading robots, copy trading and virtual hosting service.</p>
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<p>MQL4 and MQL5 are the languages of MT4 and MT5, the two most widely used trading platforms. Even I prefer trading on MT5 on my Oanda and Fxview accounts. They are great as they are compatible with a host of trading and analytical tools. Not sure, but I think Python is used for backtesting.</p>
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<p>All forex brokers support MT4 and MT5 so you use their language which is C++ in the case of MT5. Many other brokers also support cTrader which provides a platform to write bots in C#. I am not sure why and how anyone will use python in forex.</p>
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