mql5

Easy Stock Market Trading with MetaTrader

MetaStock

MetaStock program is the oldest program used for technical analysis, its first version appeared in 1986. Internal tools for creating trading robots are imperfect due to a weakness of the programming language. These tests may considerably differ from the actual ones due to the multiple loopholes for "peeking" into the future. In addition to that, MetaStock can be very fussy, as it won't have a stable operation on every computer. It is common for the program to crash 1-2 times a day. Another disadvantage is a high fee for the licensed program.

Omega Research

Omega Research TradeStation 2000i is a functionally complete research platform offering a wide range of possibilities. The program is based on three basic components:

• a) Omega Research GlobalServer;
• b) ProSuite Desktop;
• c) EasyLanguage PowerEditor.

The language for TradeStation development is visually similar to Visual Basic, however, its capabilities are considerably lower. Nevertheless, in Omega you can create very decent, in terms of complexity, trading robots, and test data is very realistic. Among disadvantages - the platform's cumbersomeness, complex installation, weak language functionality, and high costs involved.

Wealth Lab

Wealth-Lab Developer is a program that provides a complete environment for creating and testing trading systems for all financial markets.
The program has already installed trading systems by default. They are described in ChartScripts. ChartScript may contain rules and trading strategies (trade regulations) and instructions to display indicators and graphical objects in the diagram. The programming language is very similar to Pascal, where students get acquainted with programming.
The program's weakness is its unstable online operation, that leads to high technical risks of robot operation as well as contributes to the cost.

MetaTrader 4

We will look into MetaTrader now. Its language is the first thing that catches your eye. C-oriented MQL4 is head and shoulders above the programming languages ​​used on other platforms. The program is free of charge, and if for an individual client this may be more of a philosophical question, then for legal entities this is an important factor to consider when choosing a program. In addition to that, the program is easier to install, it weighs less and operates smoothly on any device.