What's the Best Software to Start Algorithmic Trading?

[TylerKing]

What's the best software to start with for algorithmic trading? I'm looking for something beginner-friendly that allows for running multiple backtests and deploying strategies to live trading. My coding skills are quite limited, so an intuitive, easy-to-use platform would be ideal. Any recommendations?

 

[ThaddeusFinch]

I think your only option is MT4 and 5. They are well known and widely used. Very beginer friendly. Their language is MLQ4 and 5. Of course you can use MLQ5 for both metatraders but not the other way around.

I don't know any other trading platform that allows EAs but if they do, they would probably have a unique language for their EAs that you need to learn.

 

[TylerKing]

have you tried QuantBe yet? a new product just published.
I'm trying to compare QuantBe with trading view, or other trading software.

 

[ThaddeusFinch]

No I havent! What broker offers it?

 

[TylerKing]

QuantBe

QuantBe: Simplifying stock market analysis with a no-code, AI-driven platform. Fast, easy strategy deployment with our ML-enhanced strategy editor, tester, and scheduler. Access NYSE & NASDAQ data for smart, informed trading

www.quantbe.com

 

[Zerologic]

I think your only option is MT4 and 5. They are well known and widely used. Very beginer friendly. Their language is MLQ4 and 5. Of course you can use MLQ5 for both metatraders but not the other way around.

I don't know any other trading platform that allows EAs but if they do, they would probably have a unique language for their EAs that you need to learn.

Yes both MT4 and MT5 support automatic trading, however EA for MT4 to use on MT5 needs to translate in MQL5, if we have profitable EA IN MT4, need to convert the file to work in MT5. The Ticktrader platform also supports algo trading, but I don't know how it works.

 

[ThaddeusFinch]

Yes both MT4 and MT5 support automatic trading, however EA for MT4 to use on MT5 needs to translate in MQL5, if we have profitable EA IN MT4, need to convert the file to work in MT5. The Ticktrader platform also supports algo trading, but I don't know how it works.

Wait a sec! Are you sure?? I remembering reading an article saying that mt5 supports both languages as MQL5 is an upgrade of MQL4. Like you can code with MQL4 for mt5! I s2g I remember reading such a thing somewhere!

 

[Rufus_Leakey]

Wait a sec! Are you sure?? I remembering reading an article saying that mt5 supports both languages as MQL5 is an upgrade of MQL4. Like you can code with MQL4 for mt5! I s2g I remember reading such a thing somewhere!

MT5 does not support MQL4, but there are tricks that can help convert MQL4 to MQL5.

Convert MT4 Indicators to MT5

We will show you how you can upgrade & convert your existing MT4 (MQL4) indicators to be used on the latest MT5 (MQL5) trading platform.

mt4converter.com