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Petition MetaQuotes to release MT4 w/Multi-Thread Backtesting
Mar 27, 2018 at 06:48
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10 Replies
Mar 27, 2018 at 06:48
I've started a petition here asking MetaQuotes to release an update for MT4 with Multi-Threaded backtesting and end the pain...
https://www.change.org/p/metaquotes-software-corp-metaquotes-update-metatrader-4-to-support-multi-threaded-backtesting
Go sign and please share on other forums and social channels.
We've waited long enough...
cheers, drayzen 😉
https://www.change.org/p/metaquotes-software-corp-metaquotes-update-metatrader-4-to-support-multi-threaded-backtesting
Go sign and please share on other forums and social channels.
We've waited long enough...
cheers, drayzen 😉
..the alien does not concern itself with the opinions of humans..
Member Since Mar 27, 2018
12 posts
Mar 27, 2018 at 13:40
Great idea but multi thread would be much faster
Member Since Feb 22, 2011
4573 posts
Mar 28, 2018 at 13:32
drayzen posted:
I've started a petition here asking MetaQuotes to release an update for MT4 with Multi-Threaded backtesting and end the pain...
https://www.change.org/p/metaquotes-software-corp-metaquotes-update-metatrader-4-to-support-multi-threaded-backtesting
Go sign and please share on other forums and social channels.
We've waited long enough...
cheers, drayzen 😉
Dear @drayzen
It seems to be good idea. It is not. Why? MT4 BT is quite useless but you can use MT5 backtesting that actually works with tick precision.
Mar 29, 2018 at 06:20
I doubt that this is going to go through unfortunately. Metaquotes has already announced they will stop selling the MT4 platform. So, it is logical to believe that they won't put anymore time and effort into developing new tools for it.
Mar 29, 2018 at 11:12
togr posted:
Dear @drayzen
It seems to be good idea. It is not. Why? MT4 BT is quite useless but you can use MT5 backtesting that actually works with tick precision.
Hi vontogr,
Yeah pretty disappointing, I contacted a bunch of sites via twitter but it's just been ignored, everyone just keeps saying they won't do it. Well that's why I made the petition obviously! But if nobody signs it then it's just a self-fulfilling prophecy on the part of those who say that...
I would agree if brokers were actually transitioning to MT5 platform but it's just not happening.
I 've tested with MT5 and I realise it's backtesting is far superior (it even supports OpenCL so you can process on a GPU!), it's just that there's also a significant number of EA's that aren't being recoded by their developers because the demand isn't high enough.
I updated the petition with broker listings from this site as it was the most comprehensive I could find: https://www.allfxbrokers.com/forex-brokers
It shows x193 MT4 brokers and only x18 for MT5!
So even if brokers do decide to update, it will still be a long time before it's complete and there's a broad selection for traders.
It seems kind of obvious to me that they should just do it as given it's been over 7 years since the release of MT5 it's clearly not going to impact on any broker's decisions to update.
So the only result is an inconvenience for their end users.
..the alien does not concern itself with the opinions of humans..
Member Since Mar 29, 2018
12 posts
Mar 29, 2018 at 11:12
Why is MT5 backtesting better than MT4? I thought that you could only get long historical data for MT4
Member Since Feb 22, 2011
4573 posts
Mar 29, 2018 at 11:16
abforex posted:
I doubt that this is going to go through unfortunately. Metaquotes has already announced they will stop selling the MT4 platform. So, it is logical to believe that they won't put anymore time and effort into developing new tools for it.
Yeah also MT5 backtesting is far superior to MT4 so why bother with it.
Member Since Feb 22, 2011
4573 posts
Mar 29, 2018 at 11:17
SloveniaRules posted:
Why is MT5 backtesting better than MT4? I thought that you could only get long historical data for MT4
As MT5 allow real tick backtesting
MT4 is far away from that even with birts eye package.
Member Since Dec 11, 2015
1462 posts
Apr 03, 2018 at 05:54
It’s highly unlikely they’d do that. They announced back in the end of 2016 that they won’t be developing MT4 any more. (https://www.forexbrokerz.com/news/mt4-stops-developing-mt4) and will focus on MT5.
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