MetaQuotes stops developing MT4

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.

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

@StoneHeart
MT5 does not hedge
MT4 doesThat is NOT TRUE. : https://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

You cannot import history data in mt5 very fatal drawback.

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.

ya when all issues are fixed , no harm in using it until then no mt5.

StoneHeart posted:
@StoneHeart
MT5 does not hedge
MT4 does

That is NOT TRUE. : https://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
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

StoneHeart posted:
@StoneHeart
MT5 does not hedge
MT4 does

That is NOT TRUE. : https://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
And it is beta version, if you trade for real do they use beta?

I use MT5 version 5.00 build 1495 from 9.Dec.2016 with HEDGING, and it is not Beta

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.

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.

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.

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.

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

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 :)

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.

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.

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.

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!