Thread: MetaQuotes quotThis is the last MT4 upgradequot

Originally Posted by ;

quote They are missing an essential point: if the end users (traders) do not desire MT5, forcing brokers to move on won't make the deal as easy as Metaquotes is expecting.

You make a great point. As was pointed out before, traders are NOT Metaquotes' clients brokers are! However, traders would be the end users and the brokers' raison d' tre with traders, brokers wouldn't exist!

That I think that the major issue for traders is backward compatibility, or lack thereof. Can it be possible or not to vent their MT4 indiors, EA's and scripts over to MT5? Without such a centre, traders will strongly resist the addition of MT5. Metaquotes should provide:- 1) a facility for converting MQ4 source code into MQ5 source code and, 2) a centre for decompiling of all EX4 code so that it may be converted into MQ5 code prior to becoming recompiled (this would shield the initial coder's intellectual property). These facilities should be hard coded to MT5 so that the very first time an indior, EA or script is run, it is automatically converted into MT5 format, irrespective of whether or not the relevant document is MQ4 or even EX4. After all is said and done, this is exactly what happens to end user documents when Microsoft introduces new versions of Word, Excel, etc.. Alternately, these facilities can be provided exclusively online and needs to be at no charge, just as there are numerous websites offering conversion of files from 1 format into another. If Metaquotes would offer such facilities, then I think MT5 will be voluntarily embraced by all concerned, and we could all move on.

Without backward compatibility, traders are most likely to strongly withstand the addition of MT5, which will make life hard for brokers who, in turn, would probably also strongly withstand the addition of MT5. If Metaquotes attempts to inflict MT5 unilaterally, without a backward compatibility for indiors, EA's and scripts, it'd most likely spell the end of Metaquotes over time, and for many brokers as well, as traders ramble off to alternative platforms/brokers, which would be in nobody's best interests. No company in any field has lived in the long run by unilaterally imposing changes which are not desired by the end user.

Here's the most recent. This smacks of desperation to me :-

https://www.nigeriaforextrading.com/...e-journal.html

Discuss about carrying a sledge hammer to crack a nut!

Originally Posted by ;

quote Nice. Yes I am NOT born lover Mt4 , I like it becoz it run my favorite indiors really well, consume low CPU usuage, multiple platform to run, consume low data packets..can run even slowest internet connection , simple to shift charts and simple to set trade. Can it be Mt4 or CT4 so I need these features simply. I just use Metatrader4 for analysis what I could do in Metastock although Metastock absorbs high data and require large CPU to analysis so I prevent it. Anyhow I need to loe stable better alternative today.

Give cTrader an attempt...I like it so far, but have just been using for about a week.

Originally Posted by ;

quote The versatility I had been referring to is that MT 5 has a much broader choice of time frames and thus it's possible to use these different vistas to find a better view of the general market. Along with the standard time frames which Mt4 has, MT5 offers minutes, 1,2,3,4,5,6,10,12,20. Because there are additional hourly time frames, 2,3,6,8,12 hrs. So you may set up several different time frames and look across all them to better see what the market is performing at each level.

Hey Thanks DP for such an informative reply appreciated . .

Originally Posted by ;

quote Hey Thanks DP for this informative reply appreciated . .

Con mucho gusto

Somebody explained here tickets with same order kind are merged. Is not correct. Works such as Mt4

I presume they've introduced hedging system fews months ago.

Originally Posted by ;

I believe they have introduced hedging system fews months ago. image image

Yes. But that is not new. It is knowed since time ago...

Any experience any one?

http://missionforex.com/index.php?ro...product_id=552

Originally Posted by ;

any experience any one? http://missionforex.com/index.php?ro...product_id=552. .

Oh boy, you missed the history by 10 decades.

Hi, Looking for some input here on the discontinuation of MT4 and something which one day may affect all of us, firstly I think it is immoral if Metaquotes ever remove the merchandise without giving users a way to conduct EA's and indiors they've bought for MT4. But at a worst case scenario is it possible to get an outside data feed into MT4 for prices and also route the trades to InteractiveBrokers such as (I know that part is possible) it would also require a way to prevent them deactivating the terminal. Anyone have comments about the chance of the or know of any merchandise? The goal being even though MT4 is discontinued we can utilize the EA's and Indi's we've bought with an outside data feed and MT4 just as a 'shell' to execute them? Any feedback appreciated!