Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

I don't kow if this is the right place for this thread but I'm looking for the best solution in order to program my trading method.

 

What should I choose between MQL4 (MT4) or EasyLanguage (TS) or NinjaTrader or what else ??

 

What is the most Easy solution ?

 

Thanks in advance,

Share this post


Link to post
Share on other sites

if you haven't taken a course in computer programming...

this might help you to understand the requirements.

 

you will need to understand the difference between Procedural Programming and Object Oriented Programming

 

MT4 and EasyLanguage are Procedural Languages,

 

NinjaTrder has 2 programming methods:

Ninjascript is Procedual, and C# is Object Oriented.

 

p.s. more readings available on the web.

 

[ame=http://www.youtube.com/watch?v=4_Oj4xcD52A]YouTube - Procedural vs. Object-Oriented[/ame]

 

[ame=http://www.youtube.com/watch?v=c5kfCH50wl0]YouTube - Object Oriented Programming[/ame]

Edited by Tams

Share this post


Link to post
Share on other sites

Thank you for this answer.

 

I have some idea about computer programming.

In fact, I'd like to know the best choice in order to develop the program as fast as possible...

I don't know if I need procedural language or object oriented one to reach this goal ?

After reading some exemple of expert advisors in MQL4, I'm a little bit afraid ;-)

Share this post


Link to post
Share on other sites
Thank you for this answer.

 

I have some idea about computer programming.

In fact, I'd like to know the best choice in order to develop the program as fast as possible...

I don't know if I need procedural language or object oriented one to reach this goal ?

After reading some exemple of expert advisors in MQL4, I'm a little bit afraid ;-)

 

This is like asking if blue or green is the better looking color. What is easy for one person, might not be easy for another person.

 

You need to define your goal first in order to decide what you need. Just saying easy is not really a well defined goal. The only way to decide what you really need is to write down what your requirements are and what you are looking for and then look into the different options to see which will meet your requirements the closest.

Share this post


Link to post
Share on other sites

Thank you Sevensa for your comment.

In fact, what I want is very simple : to program my trading system in order to backtest it with different value of the parameters...

 

I suppose that either Easylanguage or NinjaTrader are abble to meet this request, but I also suppose that one language is maybe more accessible for a newbie than the others ..??..

 

My system is something not really original, with 4 different modules (Setup module, MM Module, Order Module and Exit Module) it's like every automated trading system..??..

 

So, I imagine that all programming languages are able to meet my needs, but I prefer to invest the learning time on the product that wins the approval of the majority of users...

If all the people prefer the green product I will try the green one ;-)...

Share this post


Link to post
Share on other sites

C# is a more power language... it is the language of choice for the professionals,

but not an easy challenge for the uninitiated.

 

EasyLanguage is really easy... even I know it. ;-)>

 

MT4 is popular among Forex traders...

 

 

Ninja is free... you can download the program and see if you can make it go.

Tradestation is also free, for the account holders and active traders.

 

You can try MultiCharts; it uses EasyLanguage. The free trial is 30 days.

Share this post


Link to post
Share on other sites

I would say if you have no programming expertise easy language is by far the 'easiest'. It's not really anything to do with the syntax of the language but how you 'interface' with the charting program (to read data series, call functions/access methods, and to plot results). Imho the mechanisms to do this are trickier in meta and ninja (by quite a significant amount).

 

MT4 is fun and colourful but has the drawback that it tends to be supplied by bucket shops rather than brokers. It is a 'locked in' platform I use it (actually I use all three) but for nothing 'serious'. The same could be said about tradestation but multicharts (which compiles easy language) gets round that.

 

There are a few specific little things that only one or the other will do that are unlikely to effect you (unless you are really pushing the envelope). For example only NT has access to the full order book (outside best bid and ask) programatically.

Share this post


Link to post
Share on other sites

BlowFish thank you for this help!

I will look at TradeStation tutorials...

I understand that Multicharts compiles easy language, but what is the best solution between Multicharts and TradeStation?

And finally, the function and data to perform backtesting (I trade forex market only) are they better than what exists on MT4 (I have heard many criticisms of the limited relevance of MT4 backtest ...)

Share this post


Link to post
Share on other sites

Your choices for easy language are TS or MC. I hear Open Ecry's (OEC) platform compiles easy language. Tradestation provide there customers data MC interfaces with most major data providers. Can't really comment on MT4 even though I like the charts I don't consider it a real trading platform mainly for the reason listed (only bookies provide it, not brokers).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By mirko994
      Hello Guys!
      What do you think? What are the pros and cons coding a robot with MQL4 and Python? I found easier to code with MQL4.. am I wrong?
       
      Kindest,
      Mirko
  • Topics

  • Posts

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.