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Metaquotes Will No Longer Sell its MT4 Trading Platform

  • #41
  • Edited 6:29am Jan 13, 2018 5:59am | Edited 6:29am
Quoting AndrewBa-
just want to tell you something, since more and more people say mt4 is b*shit and you cannot win with it... I traded with cmc markets for one year, and made some gain, some loss... nothing that could be satisfying. Sitting in front of your PC for months you demand some sort of effort, not +/- zero when I switched to mt4, and found this website here, with lot of custom indicators and many ideas based on mt4 platforms, I started to make some money. Why are so many thread contributors - of big threads - successfully contributing here, making pips,...
I have doubts about this... Some members are profitable but I dont think they post here about this. Normally members posting strategies are doing more for try validate his system with other traders or search somebody to code it in a EA. You have exceptions but are rare here.

About MT4 is shit is simple. Its 12 years platform. Now is like titanic. Water for all places while go deep slowly. You have many examples of some systems struggles because MT4 cant handle them...
Try don't lose pants never...
  • #42
  • Jan 13, 2018 6:45am Jan 13, 2018 6:45am
Quoting braintheboss
{quote} I have doubts about this... Some members are profitable but I dont think they post here about this. Normally members posting strategies are doing more for try validate his system with other traders or search somebody to code it in a EA. You have exceptions but are rare here. About MT4 is shit is simple. Its 12 years platform. Now is like titanic. Water for all places while go deep slowly. You have many examples of some systems struggles because MT4 cant handle them...
Just wanted to highlight the big advantages a big trading community has...
Different custom indicators are being developed, trading strategies represented... for many people this is far more important than that the platform is 12 years old.
Sure, I believe for more advanced traders, who are even coding their own stuff, this may seems to be less preferable.
(For my own I do not know any systems that cannot work with mt4; but I am not using any automatisation systems forv example).
As for loosing with mt4: Broker have only ability to delay your buy or sell transaction, which you then will discover and best is to change the broker then.
This is also good: You have many brokers you can go to, and since mt4 is so much distributed you have also some very good ones (ig, fxpro, admiral, pepperstone.... there are so much more). So if you have developed your own trading strategy and have indicators and robots, you do not have to throw them away. Another big plus.
I wished metaquotes would hot have broken the old code with mt5 that much, but ok, this is something you have to live with.
Check page 1 for all infos...
  • #43
  • Jan 13, 2018 6:56am Jan 13, 2018 6:56am
same old story

people will stick to MT4 whatever they force them to do

MT5 sucks big time , 85% of Traders prefer MT4

MetaQuotes has not learned the lesson yet , never fight the market
  • #44
  • Jan 13, 2018 7:09am Jan 13, 2018 7:09am
Quoting AndrewBa-
{quote} Just wanted to highlight the big advantages a big trading community has... Different custom indicators are being developed, trading strategies represented... for many people this is far more important than that the platform is 12 years old. Sure, I believe for more advanced traders, who are even coding their own stuff, this may seems to be less preferable. (For my own I do not know any systems that cannot work with mt4; but I am not using any automatisation systems forv example). As for loosing with mt4: Broker have only ability to delay...
Now is quite stable but they will add external compilers ( C, C++, Python and R ). Then maybe this complicate things in a future about homogeneous code
Try don't lose pants never...
  • #45
  • Jan 13, 2018 8:49am Jan 13, 2018 8:49am
I consider anyone with over $10k trading Forex to be mentally deficient.

the lack of regulations is comical, most brokers will be your counter part, some are even open about being market makers like Oanda for example.
pretty much like a casino except that brokers have more control over the game.

you may pass under the radar for small profits, but after a certain limit, you'll start to notice some shady stuff going on.

I do not recommend forex to anyone with a serious capital, i'll be moving to Futures as soon as i have enough money for it.
i lose money for a living
  • #46
  • Jan 13, 2018 9:40am Jan 13, 2018 9:40am
Quoting AndrewBa-
{quote} Just wanted to highlight the big advantages a big trading community has... Different custom indicators are being developed, trading strategies represented... for many people this is far more important than that the platform is 12 years old. Sure, I believe for more advanced traders, who are even coding their own stuff, this may seems to be less preferable. (For my own I do not know any systems that cannot work with mt4; but I am not using any automatisation systems forv example). As for loosing with mt4: Broker have only ability to delay...
Mental + Strategy + Management[money+risk] + technical infrastructure = successful trading

platform is a small part of trading.
MT4 will be replaced because its old code. too many patches/upgrades applied to fix. that's it
WaBaS Where are Buyers and Sellers
  • #47
  • Jan 13, 2018 9:45am Jan 13, 2018 9:45am
Quoting mr.brown
{quote} Mental + Strategy + Management[money+risk] + technical infrastructure = successful trading platform is a small part of trading. MT4 will be replaced because its old code. too many patches/upgrades applied to fix. that's it
one last thing. while Mt4 is older than 10yrs metaquotes has right to replace it w new one as probably wants to make some money

Microsoft has delivered many versions by killing d last one after some 7 years or what. same here
WaBaS Where are Buyers and Sellers
  • #48
  • Jan 13, 2018 9:49am Jan 13, 2018 9:49am
Quoting mr.brown
{quote} Mental + Strategy + Management[money+risk] + technical infrastructure = successful trading platform is a small part of trading. MT4 will be replaced because its old code. too many patches/upgrades applied to fix. that's it
in terms of technical infrastructure;
I trade w 2 screens. no screen wall, no super duper trading desk. simple. nominal setup is more then enough for making gain
u need one thing. 2 internet connections. I use cable n mobile. if landline fails I use mobile to manage. that simple
WaBaS Where are Buyers and Sellers
  • #49
  • Jan 13, 2018 9:51am Jan 13, 2018 9:51am
Quoting mr.brown
{quote} in terms of technical infrastructure; I trade w 2 screens. no screen wall, no super duper trading desk. simple. nominal setup is more then enough for making gain u need one thing. 2 internet connections. I use cable n mobile. if landline fails I use mobile to manage. that simple
if u haven't bring together "Mental + Strategy + Management[money+risk]", feck d platform. its d last thing to blame
WaBaS Where are Buyers and Sellers
  • #50
  • Jan 13, 2018 10:16am Jan 13, 2018 10:16am
Quoting mr.brown
{quote} if u haven't bring together "Mental + Strategy + Management[money+risk]", feck d platform. its d last thing to blame
Hehehe Mr B. You hit the nail on the head
  • #51
  • Jan 13, 2018 11:02am Jan 13, 2018 11:02am
Quoting braintheboss
{quote} You dont forget MT4 server fee is 4x times more expensive. Question is when brokers will have same MT4 account conditions. I think they are waiting have some plugins ported ( like virtual dealer). I readed a couple of companies are offering a full solution for MT5 to brokers
And hence the scams will continue to prevail with MT5. Brokers cannot survive offering such high leverage without such plug ins.
Staying in my lane...
  • #52
  • Jan 13, 2018 11:30am Jan 13, 2018 11:30am
Quoting VEEFX
{quote} And hence the scams will continue to prevail with MT5. Brokers cannot survive offering such high leverage without such plug ins.
Yes. Where you have money you have scammers but not everybody is it. I don't have problem for be profitable with market makers. But evidently if you donr have experience you will be a sweet caramel for them...
Try don't lose pants never...
  • #53
  • Jan 13, 2018 11:49am Jan 13, 2018 11:49am
https://brokeree.com/solutions/mt4-v...dealer-plugin/

virtual broker , very worrying for traders with some of the configurations allowable like the Execution rules open for corruption or manipulation by brokers.
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  • #54
  • Jan 13, 2018 12:00pm Jan 13, 2018 12:00pm
Quoting VEEFX
{quote} And hence the scams will continue to prevail with MT5. Brokers cannot survive offering such high leverage without such plug ins.
d brokers scam isnt d plugins. its d internal pool they have created. brokers almost sure that 90% will margin call. lest say < xx lots/per trade never hit real market n traded inside brokers office
WaBaS Where are Buyers and Sellers
  • #55
  • Jan 13, 2018 12:01pm Jan 13, 2018 12:01pm
Quoting Pip-Miner
https://brokeree.com/solutions/mt4-v...dealer-plugin/ virtual broker , very worrying for traders with some of the configurations allowable like the Execution rules open for corruption or manipulation by brokers. {image}
I can send u d manual
WaBaS Where are Buyers and Sellers
  • #56
  • Jan 13, 2018 12:06pm Jan 13, 2018 12:06pm
Quoting mr.brown
{quote} I can send u d manual
please do so , i design my strategies around broker technology reverse engineering.. Why not post it here..
  • #57
  • Jan 13, 2018 12:07pm Jan 13, 2018 12:07pm
"MetaTrader 4 brokers will be able to order additional White Label terminals and receive comprehensive technical support. MetaQuotes will also keep releasing security updates and bug fixes for the said platform."



mt4 won't be dying as quickly as some think, yes sooner or later it will but I would give it at least 5 years.

The thing you will see more of, is brokers not allowing traders to open new accounts on mt4,
Learn, a forex trader must, unlearn and relearn he will.
  • #58
  • Edited 4:08pm Jan 13, 2018 3:40pm | Edited 4:08pm
Quoting emmanuel7788
{quote} see this as a new business opportunity for trading software developers to provide a "bridge" for MT4 users to other trading platforms. when there is chaos there will also be opportunities.
Yea; No problem as long as retail traders are allowed to trade.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.8%
  • #59
  • Jan 13, 2018 3:48pm Jan 13, 2018 3:48pm
Quoting alphaomega
In theory MT5 does have the potential to become the king of all trading platforms. But it's not there yet, and I have my doubts for now. The way I see it, the main idea is that MT5 does not have to be just another trading platform! MT5 have to become the operating system (OS) for traders. Just like we build and install software(apps) on top of Windows, the same way we can build and install specialized trading apps on top of MT. You don't like the standard interface? You need something more advanced? Something special? Fine! Now with mql5 you have...
In migrating to MT5 does it mean traders have to learn some of the things not present in MT4??
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.8%
  • #60
  • Jan 13, 2018 4:17pm Jan 13, 2018 4:17pm
Quoting AndrewBa-
"Will no longer sell" - what does that mean?! That you in future are no longer able to open accounts at brokers with mt4 software?! And what about the recent accounts; will there still be updates or will it be just shutdown one day?!
Great questions. If the information is real brokers maybe making preparation in transmitting their adjustment to traders through emails
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.8%
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