I would compare easy language with a script-language, and MT4 with the C-programming language.
That means that:
EL is easier and faster to learn than MT4
There are more limitations with EL, compared with MT4
If you have no programming experience, start with EL. However when you start to discover all kind of limitations with EL, you could step to MT4. The experience with EL isn't useless then in my opinion. It makes it easier to step over.
P.S. my knowledge of both is limited, so my advice is based of my knowledge of computer-languages in general.
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Joined Jul 2006
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Status: not by might but...
|36 Posts
Quoting JosTheelen
Disliked
I would compare easy language with a script-language, and MT4 with the C-programming language.
That means that:
EL is easier and faster to learn than MT4
There are more limitations with EL, compared with MT4
If you have no programming experience, start with EL. However when you start to discover all kind of limitations with EL, you could step to MT4. The experience with EL isn't useless then in my opinion. It makes it easier to step over.
P.S. my knowledge of both is limited, so my advice is based of my knowledge of computer-languages in general.
Ignored
Hey,
that info is good enough for me!...thanks alot!
ed
They are both probably powerful enough for you needs. But Tradestation apparently has reliable backtesting (don't quote me) whereas MT4 definitely does not.
If that's not a concern, then choose it for other reasons beside the language. The language should be the least of your concerns (if it is powerful enough.. and they both seem to be)
that said, I haven't looked at easy language since the late 90s but Tradestation was a powerful platform back then (Tradestation 2000i)... I'm sure it probably still is.
But personally I would just go with metatrader because you can use many different brokers.
