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MetaQuotes stops developing MT4

mlawson71
Nov 16 2016 at 10:13
1487 ieraksti
Metaquotes have announced that they will no longer update MT4 as they focus on MT5. (https://www.forexbrokerz.com/news/mt4-stops-developing-mt4). MT4 continues to be the preferred choice of most traders, despite the numerous improvements being made to the MT5 lately, especially the adding of the hedging option.

I have no desire to move to MT5. I don't like it, I don't find it to be as reliable or as intuitive as MT4.

CrazyTrader (CrazyTrader)
Nov 16 2016 at 12:19
1718 ieraksti
As long as MT4 is running this way and tons of EA's created and running on MT4 can keep running as it is.

Well it's fine for us ^^


stian
Nov 16 2016 at 15:33
325 ieraksti
As execution is worse, and broker support is lacking. Ctrader is much prefered to MT5. And unless they make a compatibility layer for MT5 to run MT4 EAs, MT5 will have a hard time getting any dominant market share.

There haven't been any meaningful upgrades to MT4 lately anyway.

TiffanyK (TiffanyK)
Nov 16 2016 at 15:50
427 ieraksti
I don’t think that is really a smart move. We all know that MT4 is used from a lot more users than MT5. Maybe Metaquotes are willing to upgrade MT5 and make it more popular. But the truth is that MT4 is way better at this moment and most of the traders won’t stop using it. Let us all hope that they will still support MT4 in order the platform to work properly.

Accept the loss as experience
Pumentio (Pumentio)
Nov 18 2016 at 09:11
12 ieraksti
Thank you a lot for this information. Sorry, I got so much used to MT4, also MT5 looks similar with it in many aspects

xgavinc
Nov 18 2016 at 10:05
235 ieraksti
In a sense I am pleased, with the last updates it feels like they were heading into a bloatware situation with MT4.

I just hope that they listen to traders on MT5 development (haven't used it in years, so not sure of current status), but things like undockable windows for multi-screens, custom time frames, more order types (like OCO), built in risk management options etc. have been requested by the community for years and have fallen on deaf ears... I'm hopeful MT5 will bridge that gap in future.

For every loss there should be at least an equal and opposite profit.
mlawson71
Nov 18 2016 at 10:32
1487 ieraksti
I hope that's what happens, because MT5 could really stand some improvement before it takes MT4's place.

theHand
Nov 19 2016 at 03:33
365 ieraksti
Thank heavens I'm off that train. Ditched MT4 years ago, far to slow to be of practical use for me.

lee42747 (lee42747)
Nov 20 2016 at 08:07
49 ieraksti
I think that there should be a long term legacy support for MT4 as well. I am afraid that some custom indicators I am used to may not work on MT5. Will need to follow this closely as I use only MT4 now.

Charles_F
Nov 22 2016 at 14:43
38 ieraksti
theHand posted:
Thank heavens I'm off that train. Ditched MT4 years ago, far to slow to be of practical use for me.


What platform do you use? How much faster is it compared to MT4?

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