The code snippets I've seen look 80+% the same. So while you'll have to do rewrites to get it working I'm sure most brokers will be running MT4 alongside MT5 for quite a while (some broker still run MT3) - They don't wanna lose ALL of their clients while EA's are updated. - Don't worry you'll have plenty of time to rewrite code that needs updating (prob years!!)
I wonder if this platform will be any better than the ones before it? I mean for the Trader. Maybe George over at BT should be forced to trade with it 1st? Give it some of its own medicine.
MT5 has been designed to help brokers not traders. so whatch out. the order management is totally different. you wont be able to have multiple BUY or SELL orders at the same time, if you enter another BUY or SELL order it will get combined with existing ones. meaning any grid type trading will need a total rewrite.
MT5 has been designed to help brokers not traders. so whatch out. the order management is totally different. you wont be able to have multiple BUY or SELL orders at the same time, if you enter another BUY or SELL order it will get combined with existing ones. meaning any grid type trading will need a total rewrite.
It stuffs up, grid traders, some break out traders, EAs trading along side manual traders, multiple EAs trading, some of the long term trading mixed with short term trading styles and many of the MT4 martingale strategies.
An MT5 broker is a downgrade for the MT4 trader.
On the above thread I am also aiming to keep an MT4 broker list, that is MT5 broker free.
Im using a martindale system, that does hedging and I want to know if I will be affected ?
question: If I have a MT4 now, does the broker will make me change to mt5, even if I dont want ?
Be warned!!! MQ redesigned MT5 to enable back end access to front end users EA’s source codes running.
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If u are US based Broker conforming to new NFA regs your client base is about shrink.When this goes, your Capitolization requirements will also be in question. Then to be followed by many angry client posts (as the quality of your service diminishes)before bankruptcy settlement.Good bye American Forex as we used to know it. Thank you again-you Grey suit morons -for intruding further into my life - NFA= Not For Americans! I will stay with my Broker until they decide to stupidly offer the MT5 as their only platform. Of course I could be wrong but that would be the 1st time!-lol.
Sorry no link, Why so unbelievable ? do you know the benefits of having access to a stables of successful trading systems at 0 costs?
Why do you think MQ and licensees kept holding MT4 EA contests,? 1: to introduce newbie’s to the platform and 2: to gain aces to the successful EA’s (Hedge funds and MM have 100's of Millions to allocate to good systems ) see MT4 was left out one very profitable feature, to have access to users EA's via back end . MT5 address this.
Still... ITS YOUR OPINION - NOT FACT!!! Of course I know the contests are a reason to get their hands on EA's (The very fact why I've never entered one) - Everything they need to see is sent to them for a chance at the prize money. I dont believe that they'll steal with an access backend because there are loads of packet sniffers that can display any communications coming in/out your computer and they'd get busted on Day 1!! (I'll be firing up my tools just to verify but I dont expect to see anything.) OR... Better yet I'll write a tool that filters access out and make loads of cash while exposing them at the same time.
I just came from the MetaQuotes Forum page and it looks like members (5-6) have been banned. Dont know exactly y though. It appears they have been talking(good or bad) about the upcoming MT5 release. Some of these members have been there for years.Something doesnt smell right about these banns. I wonder if these members struck a nerve over there at MetaQuotes? I am just curious as I could care less about Metas--t5 or its creators. As soon as I am forced to switch or ditch I will bail on MetaQuotes(and their supporting Brokers) forever.
Not sure what you’re looking for in a link, do you expect them to send out in a press release? After the Publishing of virtual dealer slip up I’m sure their keeping all top secret ( from traders) options off the net and only divulge to current and potential licensees
Believe what you want.
It’s not from only my OPINION, it’s words ( used to try selling mt5) from one of the sales guys at one of MQ affiliates .
GREAT!!! I can't wait - My MT5 sniffer/filter is guaranteed to be a top seller!! Since this is so hush hush - How did you learn about this? - Internet communication is so easy to monitor its just hard to believe.
Also it just doesn't make sense - a 100 million dollar hedge fund can make an offer you can't refuse to profitable programmers. Its not like there is only 1 profitable EA - There are plenty of EA's that work, why buy stolen goods? Who's gonna be selling these stolen EA's. What reputable Hedge Fund would open themselves up to the massive litigation instead of just buying a profitable EA? (and getting direct support from the coder)
If u are US based Broker conforming to new NFA regs your client base is about shrink.When this goes, your Capitolization requirements will also be in question. Then to be followed by many angry client posts (as the quality of your service diminishes)before bankruptcy settlement.Good bye American Forex as we used to know it. Thank you again-you Grey suit morons -for intruding further into my life - NFA= Not For Americans! I will stay with my Broker until they decide to stupidly offer the MT5 as their only platform. Of course I could be wrong but...
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If NFA based brokers end up with a cash shortage, because enough traders pull their money out to get them below the required $20 million USD, then maybe you should consider pulling your cash out now...
Otherwise cash shortage can equal bankruptcy, bankruptcy can equal big people get the big money first (or I wonder if first in first out rule might apply to this)...
i think you dont have to worry about those things.
in case if mt5 wount live up to traders expectations, they will change brokers to brokers with platform (like ProTrader) which supports all MT's features and mql languages... BUT of course brokers dont want to lose clients, thats why they will have to move to another platform!!!
...consequently MQ will have to agree to trader's demands or die...
If NFA based brokers end up with a cash shortage, because enough traders pull their money out to get them below the required $20 million USD, then maybe you should consider pulling your cash out now...
Otherwise cash shortage can equal bankruptcy, bankruptcy can equal big people get the big money first (or I wonder if first in first out rule might apply to this)...
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I agree-dont take chances if not necessary. I do almost all my trading thru FXPRO.com (Cypress based) and none of this new NFA reg stuff will affect me there. I still have an open account at MBT because I was using them before FXPRO but for small lot trades their commission seems to high. Other than that no major compliants with either Broker.
