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MT4 or MT5, Which do you prefer?

  • #41
  • Feb 16, 2019 2:06pm Feb 16, 2019 2:06pm
Quoting braintheboss
{quote} MQ did same with MT3. Anyway bold sentences shows your clear ignorance about current situation. You can live in your bubble. Nobody care about your needs...
i knew you would bring in MT3

the transition from MT3 to MT4 is just the kind of transition that did not take place with the transition from MT4 to MT5 . MT4 was better than MT3 . MT5 is worse than MT4 .

everybody wanted to migrate from MT3 to MT4

nobody wants to migrate from MT4 to MT5

except YOU maybe

now nobody cares about you , your needs , your hidden agenda , and least of all about MTS

so don't come over to discuss further and keep your crappy MT5
  • #42
  • Feb 16, 2019 2:19pm Feb 16, 2019 2:19pm
Quoting MXT
{quote} i knew you would bring in MT3 the transition from MT3 to MT4 is just the kind of transition that did not take place with the transition from MT4 to MT5 . MT4 was better than MT3 . MT5 is worse than MT4 . everybody wanted to migrate from MT3 to MT4 nobody wants to migrate from MT4 to MT5 except YOU maybe now nobody cares about you , your needs , your hidden agenda , and least of all about MTS so don't come over to discuss further and keep your crappy MT5
You cry like a kid. Maybe you had a bad day. Anyway you are an ignorant. You criticize things and do not even know how they work. You have a nice day...
Try don't lose pants never...
  • #43
  • Feb 16, 2019 2:28pm Feb 16, 2019 2:28pm
Quoting braintheboss
{quote} You cry like a kid. Maybe you had a bad day. Anyway you are an ignorant. You criticize things and do not even know how they work. You have a nice day...
nobody asked you to come discuss over here infant

the uber ignorant here is just you . You don't know that MetaQuotes has already lost its battle with MT5 . They have threatened to discontinue , to no longer support , to prohibit brokers from supporting MT4

why didn't they do the same thing with the transition from MT3 to MT4 ? did they have to threaten to discontinue MT3 ? did they prohibit brokers from using MT3 ?

not at all , because MT4 was clearly way better than MT3

they have lost their battle with MT5 and MT4 is here to stay forever

now go play with your crappy MT5 and your Playstation
  • #44
  • Feb 16, 2019 2:32pm Feb 16, 2019 2:32pm
Quoting MXT
{quote} nobody asked you to come discuss over here infant the uber ignorant here is just you . You don't know that MetaQuotes has already lost its battle with MT5 . They have threatened to discontinue , to no longer support , to prohibit brokers from supporting MT4 why didn't they do the same thing with the transition from MT3 to MT4 ? did they have to threaten to discontinue MT3 ? did they prohibit brokers from using MT3 ? not at all , because MT4 was clearly way better than MT3 they have lost their battle with MT5 and MT4 is here to stay...
Its a public forum and you opened a thead. Then I can opine. The problem here is you and your lack of constructive discussion. The best you can do is close this useless thread and go to cry to other side. And this Platform Tech Section. Its for share tools, not for polls...
Try don't lose pants never...
  • #45
  • Feb 16, 2019 2:38pm Feb 16, 2019 2:38pm
Quoting braintheboss
{quote} Its a public forum and you opened a thead. Then I can opine. The problem here is you and your lack of constructive discussion. The best you can do is close this useless thread and go to cry to other side. And this Platform Tech Section. Its for share tools, not for polls...
best you can do is opine somewhere else

MT4 is such an important tool for the trading industry and belongs to the tech section

you just don't know that MetaQuotes has lost its battle with MT5 and that MT5 is a crappy piece of software

i'm not interested in your useless comments
  • #46
  • Feb 18, 2019 6:19am Feb 18, 2019 6:19am
Of course MT4. Way better than MT5.
  • #47
  • Feb 19, 2019 2:30am Feb 19, 2019 2:30am
Quoting nasz85
Of course MT4. Way better than MT5.
Better at what? It is rather the other way around: MT5 supports more asset classes; (real) tick based tester, parallelisms; asynchronous order handling; more event-driven architecture; more graphical objects; faster overall, i.e. server-client communication. All for the better reg. program-driven trading. MT4 is just anachronism. However, MT4 is not the problem, brokers are the problem, most brokers do not offer a programmable alternative platform other than MT4, and this sucks.
Return To Disorder
  • #48
  • Mar 3, 2019 10:52am Mar 3, 2019 10:52am
Ever wondered why MetaQuotes made MQL5 incompatible with MQL4 ?

Because they wanted to launch the MT5 Marketplace and make money from selling EAs , scripts and indicators .
Their aim was to make MT5 Marketplace a kind of Apple-store Android-store by selling apps and EAs written in their own proprietary language, hence they introduced the much needed changes to the MQLanguage .

But they simply forgot that the reason behind the big success of MT4 was the OPEN SOURCE concept .
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  • #49
  • Aug 7, 2019 4:56am Aug 7, 2019 4:56am
Quoting MXT
Ever wondered why MetaQuotes made MQL5 incompatible with MQL4 ? Because they wanted to launch the MT5 Marketplace and make money from selling EAs , scripts and indicators . Their aim was to make MT5 Marketplace a kind of Apple-store Android-store by selling apps and EAs written in their own proprietary language, hence they introduced the much needed changes to the MQLanguage . But they simply forgot that the reason behind the big success of MT4 was the OPEN SOURCE concept . {image}

MT4 By far
  • #50
  • Aug 7, 2019 10:41am Aug 7, 2019 10:41am
Quoting MXT
Ever wondered why MetaQuotes made MQL5 incompatible with MQL4 ? Because they wanted to launch the MT5 Marketplace and make money from selling EAs , scripts and indicators.
Ok, MQ failed with MT5 getting embraced by the retail suckers, and now you have the MT4 marketplace instead.
Btw, a marketplace does not interfere with non-marketplace or open source distribution of software, it is just an addon to it. Also, MQ could have made one server to serve both terminals, MT4 and MT5, and it would be up to the client to choose that which he pleases; howver, MQ is evil, and so we have this non-satisfying situation for everyone.
Return To Disorder
  • #51
  • Apr 9, 2020 4:36am Apr 9, 2020 4:36am
My point is very simple, only MT5 should continue today

MT4 is an old application whose only advantage today is to have an important base of indicators and EAs related to its age only :
- 32bits (quid if Microsoft stops 32 bits, which will happen one day)
- Random support linked to the broker !!!
- Resource-hungry
- Backtest Limitations in Mono Currency
- Slow backtesting
- No order book
- No compression of log files
- Privileged by many brokers
- Complicated to get a good history

MT5 is the future and apart from the rewriting effort to be made for :
- Fewer metrics and EAs than MT4, but that's less and less true.
- 64-bit with better memory and CPU management
- Multi-currency backtests
- Backtest speed
- Updates by the MetaQuotes editor itself about every 15 days
- Order book
- ZIP compression of log files
- Not allowed at some bad brokers
- Nothing to do to have historical data (limitation by the broker only)

In reality, the limitation comes from developers who did not migrate their products to MT5 on the pretext that everything had to be rewritten.
But a good developer will very quickly set up an equivalence library allowing him to have compatible code in both environments.
A small waste of time at the beginning, and a huge comfort afterwards (in addition to multiplying his sales if he is also the seller of his developments)
For non-developer users, unless you can't find an equivalent indicator and/or EA in MT5, you'll have to explain to me what's holding them back.
  • #52
  • Apr 8, 2021 2:11am Apr 8, 2021 2:11am
I think MT5 is for programmers/ coders, not for traders. After failed to rewrite EA from mt4 to mt5, hired a programmer to did it but I cannot implement the trading strategy on mt5 (which profitable on mt4). I quit mt5 with small losses and switched back to mt4, and also do manual trade on tradingview, a great platform to trade stocks with community compare to mt5, in my point of view, mt5 is really sucked. (for both fx trading or CFD/ stock trading)
  • #53
  • Last Post: Apr 8, 2021 5:59am Apr 8, 2021 5:59am
Quoting panteo
I think MT5 is for programmers/ coders, not for traders. After failed to rewrite EA from mt4 to mt5, hired a programmer to did it but I cannot implement the trading strategy on mt5 (which profitable on mt4). I quit mt5 with small losses and switched back to mt4, and also do manual trade on tradingview, a great platform to trade stocks with community compare to mt5, in my point of view, mt5 is really sucked. (for both fx trading or CFD/ stock trading)
TradingView is for fancy traders. It isn't a real trading platform. Just a fancy community with fancy charts.

MT5 corrected mistakes of MT4. They later found that most traders were ignorant and they had to introduce the so called Hedging (wrongly called) account.

MQL5 is almost the same as MQL4. The difference lies in the way you approach some tasks. Many of them could be more complicated (if you come from MQL4) but you can conduct more appropiate trading if you use a Netting account.

MQL5 is archaic, as it is MQL4. Anyway, it is a good option for retail traders that may need to move to other broker from time to time. For technical analysts and chartists (PA) traders, MQL5 is more than enough. Also, with MT5, it is now easier to create trading tools in any other languages and connect to the platform to send trades and get price data.

In MetaTrader you trade from a desktop app. Your code and tools are safer. In TradingView you trade from a browser and save your intelectual property (code and strategies) in their servers. In a delicate issue as it is trading, that's a crazy thing . Not to mention, many other restrictions that come from a browser.
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