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MetaQuotes stops developing MT4
forex_trader_25447
Member Since Dec 21, 2010
127 posts
Jan 26, 2017 at 10:10
(edited Jan 26, 2017 at 10:11)
There is no difference between MT4 and MT5, if You do everything manually.
The problem is for those , who use Experts, especially if they cant write programs.
The problem is for those , who use Experts, especially if they cant write programs.
Member Since Feb 22, 2011
4573 posts
Jan 26, 2017 at 13:11
StoneHeart posted:
There is no difference , if You do everything manually.
The problem is for those , who use Experts, especially if they cant write programs.
@StoneHeart
MT5 does not hedge
MT4 does
forex_trader_25447
Member Since Dec 21, 2010
127 posts
Jan 26, 2017 at 13:22
@StoneHeart
MT5 does not hedge
MT4 doesThat is NOT TRUE. : http://www.metaquotes.net/en/company/news/4678
Even MetaQuots-Demo support Hedging.
Actually there are 3 type of MT5 : (old)NETTING, (new)HEDGING, (new)EXCHANGE :
https://www.mql5.com/ru/docs/constants/environment_state/accountinformation#enum_account_margin_mode
MT5 does not hedge
MT4 doesThat is NOT TRUE. : http://www.metaquotes.net/en/company/news/4678
Even MetaQuots-Demo support Hedging.
Actually there are 3 type of MT5 : (old)NETTING, (new)HEDGING, (new)EXCHANGE :
https://www.mql5.com/ru/docs/constants/environment_state/accountinformation#enum_account_margin_mode
Member Since Apr 25, 2012
269 posts
Jan 26, 2017 at 16:54
You cannot import history data in mt5 very fatal drawback.
Member Since Nov 13, 2015
35 posts
Jan 26, 2017 at 16:58
I read a lot about the pros and cons of MT5 but I believe it is only a matter of time for MetaQuotes to fix all issues and pick up the missing pieces to make MT5 truly superior. I plan to give it a try at some point in the near future.
A knight's tale!
Member Since Apr 25, 2012
269 posts
Jan 26, 2017 at 16:59
ya when all issues are fixed , no harm in using it until then no mt5.
Member Since Feb 22, 2011
4573 posts
Jan 27, 2017 at 08:55
StoneHeart posted:That is NOT TRUE. : http://www.metaquotes.net/en/company/news/4678
@StoneHeart
MT5 does not hedge
MT4 does
Even MetaQuots-Demo support Hedging.
Actually there are 3 type of MT5 : (old)NETTING, (new)HEDGING, (new)EXCHANGE :
https://www.mql5.com/ru/docs/constants/environment_state/accountinformation#enum_account_margin_mode
Well not exactly,
MT5 client allows it but when I tried to trade it did not hedge so it also depends on kind of mt5 broker offers
And here we goes MT5 bring a lot of confusion
Member Since Feb 22, 2011
4573 posts
Jan 27, 2017 at 08:55
StoneHeart posted:That is NOT TRUE. : http://www.metaquotes.net/en/company/news/4678
@StoneHeart
MT5 does not hedge
MT4 does
Even MetaQuots-Demo support Hedging.
Actually there are 3 type of MT5 : (old)NETTING, (new)HEDGING, (new)EXCHANGE :
https://www.mql5.com/ru/docs/constants/environment_state/accountinformation#enum_account_margin_mode
And it is beta version, if you trade for real do they use beta?
forex_trader_25447
Member Since Dec 21, 2010
127 posts
Jan 27, 2017 at 09:09
I use MT5 version 5.00 build 1495 from 9.Dec.2016 with HEDGING, and it is not Beta
Member Since Feb 22, 2011
4573 posts
Jan 29, 2017 at 07:24
StoneHeart posted:
I use MT5 version 5.00 build 1495 from 9.Dec.2016 with HEDGING, and it is not Beta
OK i trust you. I dont like MT5 anyway.
Jan 29, 2017 at 07:26
togr posted:
MT5 client allows it but when I tried to trade it did not hedge so it also depends on kind of mt5 broker offers
And here we goes MT5 bring a lot of confusion
Good that you mentioned this. When it comes to confusion, I guess it is more related to the broker setup rather than the platform. As I read in other comments, some people have the hedge option in normal live (non-beta) environment.
Member Since Dec 11, 2015
1462 posts
Jan 29, 2017 at 07:36
Metaquotes added hedging to MT5 a while ago (https://smnweekly.com/2016/03/25/mt5-gets-new-beta-version-finally-features-hedging/). It was what finally made the platform more popular to begin with it, many people didn't want to use it because it lacked that feature.
Member Since Feb 22, 2011
4573 posts
Feb 02, 2017 at 11:26
BaldoN posted:
Stopping development of MT4 does not mean MT4 will disappear. Perhaps not new builds will be released, but not stopping the most widespread trading terminal in world.
MT4 will stay for many years forward.
They are still releasing updates
but they also increased fees for brokers for mt4
to push them to mt5
Feb 03, 2017 at 13:08
togr posted:BaldoN posted:
Stopping development of MT4 does not mean MT4 will disappear. Perhaps not new builds will be released, but not stopping the most widespread trading terminal in world.
MT4 will stay for many years forward.
They are still releasing updates
but they also increased fees for brokers for mt4
to push them to mt5
I believe this would be long process and the MT4 will work for many years. The switch from MT4 to MT5 will require a lot of work for the brokers itself and changes in contracts, accounts, compliances and etc.
Something I have heart and not sure if it is true or not, but: "Metaquotes have left a port in MT5 constantly open and they could have access to your terminal" - This is what I have heart and repeat - not sure whether it is correct :)
Member Since Feb 22, 2011
4573 posts
Feb 03, 2017 at 13:09
BaldoN posted:togr posted:BaldoN posted:
Stopping development of MT4 does not mean MT4 will disappear. Perhaps not new builds will be released, but not stopping the most widespread trading terminal in world.
MT4 will stay for many years forward.
They are still releasing updates
but they also increased fees for brokers for mt4
to push them to mt5
I believe this would be long process and the MT4 will work for many years. The switch from MT4 to MT5 will require a lot of work for the brokers itself and changes in contracts, accounts, compliances and etc.
Something I have heart and not sure if it is true or not, but: "Metaquotes have left a port in MT5 constantly open and they could have access to your terminal" - This is what I have heart and repeat - not sure whether it is correct :)
Well that is how client (mt4 terminal) works, it is sending info and receiving info from/to server. This happen always.
Member Since Dec 11, 2015
1462 posts
Feb 04, 2017 at 12:41
The popularity of Metatrader 5 has grown even more in the past months, according to fintech company Metaquotes, as a number of large international brokers adopted the platform and started offering it to their clients. (https://smnweekly.com/2017/02/02/fintech-metaquotes-mt5-brokers-grow-in-number-include-bcs-forex-instaforex-liteforex/) It looks like the measures they took to shoehorn it on the market really had an effect.
Feb 09, 2017 at 11:06
mlawson71 posted:
The popularity of Metatrader 5 has grown even more in the past months, according to fintech company Metaquotes, as a number of large international brokers adopted the platform and started offering it to their clients. (https://smnweekly.com/2017/02/02/fintech-metaquotes-mt5-brokers-grow-in-number-include-bcs-forex-instaforex-liteforex/) It looks like the measures they took to shoehorn it on the market really had an effect.
That's true. I am checking on demo the MT5 just to be prepared for the future as I believe more and more brokers will start offering it. It seems to have cool features, like for instance to save a chart as a png file in an easy way without screenshots etc. Will continue digging deeper into it.
Feb 14, 2017 at 10:00
Good point Nina! I would add that I like the new Market Watch features in MT5, like 4 tabs under the list of instruments and the quick visible search to add a new symbol. This is more intuitive for the user. 😄 My early tests of an MT5 demo seem promising!
