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MetaQuotes stops developing MT4

Baldo (BaldoN)
Mar 10 2017 at 10:17
522 posts
Hello,
They may stop developing, but they will not stop supporting the terminal. Perhaps years may pass, until the MT4 to be stopped entirely.

mlawson71
Mar 13 2017 at 11:51
1487 posts
True, they don’t seem to have abandoned Metatrader 4 completely after all. MetaQuotes said it has launched a coupon service for users of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.The new service enables brokers to support clients who wish to purchase applications and services for the platforms. (https://smnweekly.com/2017/03/02/metaquotes-launches-free-coupons-for-paid-mt-services/)
Traders can receive from their brokers coupons and use them to try for free MetaTrader services that are otherwise paid.

Gabriel (GFernandez78)
Mar 15 2017 at 07:23
35 posts
mlawson71 posted:
True, they don’t seem to have abandoned Metatrader 4 completely after all. MetaQuotes said it has launched a coupon service for users of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.The new service enables brokers to support clients who wish to purchase applications and services for the platforms. (https://smnweekly.com/2017/03/02/metaquotes-launches-free-coupons-for-paid-mt-services/)
Traders can receive from their brokers coupons and use them to try for free MetaTrader services that are otherwise paid.


Thanks for sharing, looks like a cool option for both the MT4 and MT5 fans 😄 especially if these 2 platforms are offered by the broker.

Trading is like football - if you don't practice you can't win the game!
Gabriel (GFernandez78)
Mar 15 2017 at 07:23
35 posts
BaldoN posted:
Hello,
They may stop developing, but they will not stop supporting the terminal. Perhaps years may pass, until the MT4 to be stopped entirely.


Or maybe there can be some merge between the codes of the 2 so that all is applicable 😄

Trading is like football - if you don't practice you can't win the game!
vontogr (togr)
Mar 15 2017 at 07:24
4862 posts
They cannot simply stop updating it as there are millions of users
They cant leave it open to security threats.
It is like MS is still supporting some older version of Windows with updates. But after some date they stop...

xgavinc
Mar 15 2017 at 07:48
235 posts
Well I'm busy switching over my MT4 to MT5, just waiting for trades to close. May as well make the move now, get it over with and used to the the MT5 system (again. - I have used MT5 in the past, actually preferred it, but back then it came at premium [higher minimum deposit, wider spreads, etc.]), now that it's becoming the main focus, the terms from brokers seem to fall in line with MT4.

For every loss there should be at least an equal and opposite profit.
mlawson71
Apr 03 2017 at 11:51
1487 posts
Metaquotes announced it has released an updated version of the iOS application for the MetaTrader 5 (MT5) trading platform, which features history of trading positions. Prior to the addition of the new feature, trading history consisted only of orders and deals. (https://www.forexnewslab.com/2017/03/31/mt5-introduces-positions-to-trading-history-on-ios-app/)
The platform builds a single record with all collected historic data on deals related to a position.

MyNewBank
May 07 2017 at 06:28
15 posts
Is it a lot of work to convert MT4 EAs to work on MT5?

Megabot
May 08 2017 at 11:00
22 posts
If you don't have the source file (the mql file) it is impossible. You can drain them down the toilet and send a thank you letter to Metaquotes.

Professional4X
May 10 2017 at 02:24
1189 posts
togr posted:
They cannot simply stop updating it as there are millions of users
They cant leave it open to security threats.
It is like MS is still supporting some older version of Windows with updates. But after some date they stop...



They are under no legal obligation to keep working on it. (It's a FREE PRODUCT for end users.)

They announced they were going to stop working on it in 2015, it is now 2017.

They have another product (mt5) which provides the same type of services for brokers that mt4 provided.

It's been approximately 2 years since they announced they were ending development on it.

I don't know what the specific 'end of life cycle' date is, but given the fact that it's a free product to end users, and the fact that they also offer another product which is nearly identical to it (MT5), we might not all like what is happening, but honestly there really isn't much we can do about it.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
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