Plenty of opinion on the 7 year old discussion on which one - mql4 or 5? My situation is interesting and I would appreciate your views.
I have developed a fairly complex but working EA but to scale up I need to do some serious surgery to adjust the EA to run in concurrent time frames with some sophisticated arbitration expectancy based prioritisation and need to rebuild the core framework that puts this logic together.
I am considering upgrading to mql5 as there seem to be plenty of technical reasons and it certainly simplifies some technical challenges:
One of the system concepts is based on different market cycles and the system continuously adjusts various MAs accordingly. Using mql5 I can have the EA update and draw these on the page (not essential but would be nice for monitoring purposes).
I also adjust/correlate risk across the majors.
I am looking to import news date/time via XML/RSS.
Just reading all the many mql5 opinions, I am somewhat concerned about the future of mlq5 - it seems that mql4 and mql5 are coming closer together whilst other recent statement suggest mql4 development has now officially ceased!!?
There appears to be an increased uptake of mql5 but seems to be plateau-ing (personal impression only) - I could not find any stats on the number of EA trades comparing trading volumes between mql4/5 (anyone?)
It has been out since 2010 and would appear to be reasonably mature - low technical risk. Especially as it is supported.
My question to the audience (and in particular I would especially value whroeder1 's opinion/assessment) - would you risk the transition to mql5 or am I better to continue with mql4 and let time solve my dilemma as mql4/5 morph into one?
Many thanks in advance,