Has anyone found a link for the public beta of Metatrader 5 yet? | Forex Factory

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Has anyone found a link for the public beta of Metatrader 5 yet?

  • #1
  • First Post: Oct 12, 2009 6:11am Oct 12, 2009 6:11am
Has anyone found a link for the public beta of Metatrader 5 yet?

Metaquotes had said that the public beta would start on October 12th.
  • #2
  • Oct 12, 2009 8:01am Oct 12, 2009 8:01am
Quoting aicccia
Has anyone found a link for the public beta of Metatrader 5 yet?

Metaquotes had said that the public beta would start on October 12th.
I'm waiting at MQL4 website. Here is the link http://forum.mql4.com/26397/page2.
  • #3
  • Oct 12, 2009 9:47am Oct 12, 2009 9:47am
Ok metaquotes have release the beta testing of Metatrader5. You can download it here http://forum.mql4.com/26550. The file size 15.3mb. Quite a big size.
  • #4
  • Oct 12, 2009 10:24am Oct 12, 2009 10:24am
Well so far the Terminal does not seem that different. I believe MT5's main strength over MT4 will be the more powerful MLQ5.
  • #5
  • Oct 12, 2009 10:28am Oct 12, 2009 10:28am
I was hoping for some improvements in charts design..maybe a background like GTS pro from FxSolutions. In fact, it was the only thing I wanted.
  • #6
  • Oct 13, 2009 2:46am Oct 13, 2009 2:46am
Found here... http://www.fxcompany.net/mt5setup.exe
Ok, let's take a look into it... 15 mbytes... I wonder if it became 9 mb better than MT4
  • #7
  • Oct 13, 2009 3:09am Oct 13, 2009 3:09am
Quoting Acrita
Found here... http://www.fxcompany.net/mt5setup.exe
Ok, let's take a look into it... 15 mbytes... I wonder if it became 9 mb better than MT4
its not
  • #8
  • Oct 13, 2009 4:25am Oct 13, 2009 4:25am
The increased power and flexibility of MQL5 will be outweighed by the functions removed, such as multiple lots, in MT5, you can only ever have 1 position open on any given pair, you can add to that position, or take away from that position, but you can not have 2 positions open on the same pair.

All of the NFA regulations + MT5 = US Brokers fail.

MT5 in my opinion is only catering to NFA further, and NFA is going to be the downfall of Forex Brokers in the US, effectively keeping money outside of the country.

I'm personally wishing I was in the market long before the NFA got their greedy little paws on it, as when MT5 comes out, I'm most likely going to sway away from forex as a result.

I just don't have the patients to deal with unjust regulations that cause more harm than good.
  • #9
  • Oct 13, 2009 6:43am Oct 13, 2009 6:43am
There is no sign of the contingent and linked orders that you need to support FIFO. Surely this isn't what they are planning to release.
  • #10
  • Oct 13, 2009 6:49am Oct 13, 2009 6:49am
I'm surprise MT5 looks the same as MT4. I would have thought they would have improved the interface a bit. But, this is only BETA. The final release just may be chalked full of cosmetic changes. We will wait and see, but I'm not getting my hopes up.

BTW, is the MACD the same in both versions? That has always erked me about Metatrader. They need have a standard MACD and not their interpretation of what MACD should look like.
  • #11
  • Oct 13, 2009 8:52am Oct 13, 2009 8:52am
Quoting Jhig
I'm surprise MT5 looks the same as MT4.
Yeah, that was my 1st thought. So many years passed, they could do something about this "from the 90s" interface.

Oh and yes... it's got Tetris now!
  • #12
  • Oct 13, 2009 8:55am Oct 13, 2009 8:55am
Change the friggin fonts!
  • #13
  • Oct 13, 2009 10:58am Oct 13, 2009 10:58am
Quoting euclid
There is no sign of the contingent and linked orders that you need to support FIFO. Surely this isn't what they are planning to release.
Nope, the FIFO rule will be completely useless, because you can only have 1 position/pair at any given time... effectively eliminating the need for the FIFO. Can't have "First in First out" when there can only be 1 in at a time.
  • #14
  • Oct 13, 2009 10:58am Oct 13, 2009 10:58am
Quoting Acrita
Yeah, that was my 1st thought. So many years passed, they could do something about this "from the 90s" interface.

Oh and yes... it's got Tetris now!
It must be a fade of something because FxClub's platform has Terris and other games built right in. I thought that was weird. Shouldn't traders be working and not playing.
  • #15
  • Oct 13, 2009 11:28am Oct 13, 2009 11:28am
Quoting Jhig
Shouldn't traders be working and not playing.
Feels like day by day ..we see only every single change , which helps retail traders lose as much money as they can to those mt4 bucketshops (now mt5 bucketshops). ....
lol ....Games while trading a 100$/pip size ... nice combi
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #16
  • Oct 14, 2009 1:38am Oct 14, 2009 1:38am
Quoting Jhig
It must be a fade of something because FxClub's platform has Terris and other games built right in. I thought that was weird. Shouldn't traders be working and not playing.
Imagine you wait for your order to be processed by the dealing desk for 10 minutes, because dealers have a coffee-break now You need something to entertain yourself
  • #17
  • Oct 14, 2009 2:37am Oct 14, 2009 2:37am
Quoting Pharoah
Nope, the FIFO rule will be completely useless, because you can only have 1 position/pair at any given time... effectively eliminating the need for the FIFO. Can't have "First in First out" when there can only be 1 in at a time.
I think First In First Out also applies to all traders trades being executed at the brokers end. In other words the broker has to execute in that order as well.
  • #18
  • Oct 14, 2009 7:49am Oct 14, 2009 7:49am
As expected, trade execution is with the recognition of loses with the need of an additional third trade if you use nedging, due to the one position trade operation.

MT5 brokers using this platform will only encourage loses for anyone interested in nedging as shown in this post. MT5 at the moment is a downgrade for trading function.

Anyways, as it seems that many are disappointed with the present MT5 release many not for my reasons, there is a list of MT4 brokers in the first post of the thread here.
  • #19
  • Oct 14, 2009 1:31pm Oct 14, 2009 1:31pm
Everyone is still an MT4 broker, there won't be any MT5 brokers for atleast 6 months.

And that list is pointless, it doesn't even make sense. Half of the one's he has listed as NFA Regulated Brokers on the bottom aren't even close to being NFA regulated... EuroForex, FXLite, FXCBS, CollectiveFX, etc.
  • #20
  • Oct 14, 2009 6:10pm Oct 14, 2009 6:10pm
By the time MQ releases the MT5 to the Brokers(6 months of testing at least?) US traders using US brokers will welcome the platform? As long as my trades prosper, I dont care about FIFO or 1 position per pair. And why couldnt they include AmericasArmy game instead of tetris? Or Halo or everything having nothing to do with trading? They included games instead of a StrategyTester! Are they all 12 years old? This ancient platform is headed for history(MT4) and I couldnt care less!
FF = Forex Faggots
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