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MetaQuotes "This is the last MT4 upgrade"

  • #21
  • Nov 15, 2016 9:19pm Nov 15, 2016 9:19pm
Quoting FiveK
I've been trying to download MT4 from their website. It looks like you can select it, but the downloaded client is MT5!
bottom of page http://www.metatrader4.com/en/download
practising coitus interruptus
  • #22
  • Nov 16, 2016 12:07am Nov 16, 2016 12:07am
Quoting FiveK
I've been trying to download MT4 from their website. It looks like you can select it, but the downloaded client is MT5!
Select the proper download button, MT5 or MT4 then select which operating system you are running.

If you still can't download it let me know i can upload a copy of MT4 installer it here.
Attached Image (click to enlarge)
Click to Enlarge Name: MT4_web.PNG Size: 1.2 MB
  • #23
  • Nov 16, 2016 12:46am Nov 16, 2016 12:46am
MT5 is a marketing scheme to give less power to the user and more power to the "Market Place" This is why there is extreme reluctance to allow MT4 code to run in MT5.
  • #24
  • Nov 16, 2016 12:50am Nov 16, 2016 12:50am
Quoting Mingary
MT5 is a marketing scheme to give less power to the user and more power to the "Market Place" This is why there is extreme reluctance to allow MT4 code to run in MT5.
metaquotes will lose big on this forced migration ... other platforms are quickly gaining ground on mt5 discontent. only a proud mad man kills his golden goose
practising coitus interruptus
  • #25
  • Nov 16, 2016 1:00am Nov 16, 2016 1:00am
Quoting avibe
{quote} metaquotes will lose big on this forced migration ... other platforms are quickly gaining ground on mt5 discontent. only a proud mad man kills his golden goose

Yes, probably one that can run and develop in MT4 code will win.
It's so obvious the only conclusion is that Metaquote designed MT5 to direct users to paid services. Like MT4 it's broker friendly and not trader friendly.
MT4 is less "broker friendly" than it used to be, therefore Metaquote wants to change that with MT5
  • #26
  • Nov 16, 2016 1:01am Nov 16, 2016 1:01am
Were brokers consulted about this?
  • #27
  • Nov 16, 2016 1:07am Nov 16, 2016 1:07am
Quoting Mingary
{quote} Yes, probably one that can run and develop in MT4 code will win. It's so obvious the only conclusion is that Metaquote designed MT5 to direct users to paid services. Like MT4 it's broker friendly and not trader friendly. MT4 is less "broker friendly" than it used to be, therefore Metaquote wants to change that with MT5
market place has 400% more mt4 products than mt5... why are they deaf?

they should develop a mt4--mt5 code conversion wizard
practising coitus interruptus
  • #28
  • Nov 16, 2016 1:30am Nov 16, 2016 1:30am
This artificial push towards mt5 is such bullshit! It seems that Metaquotes is desperate because most people didn't like mt5 from the start (And there is very good reason for this!). MT5 became available 5 years ago, and yet very few traders use it today. Most brokers are also not interested.
Metaquotes cannot admit that mt5 was and is a total failure compared to mt4.

In short mt5 SUUUCKSSS! It is just terrible! Why? Because it is too complicated and mql5 is not user friendly!
Yes I understand that the "new" language is "more powerful"..... but we are traders!
I don't need more powerful language, I need simplicity and speed. We are not rocket scientist here. We are traders. And most traders are not professional coders.
I have looked mql5 many times trying to understand all this new BS and every time I ask WHY? Why they have to complicate everything so much?
Something that can be done with just one line of code in mql4 takes several lines of code in mql5..!
Just one example:
In mql4 to get the current prices you just type "Bid" and "Ask"
For the same thing in mql5 you have to type:
double Bid = SymbolInfoDouble(_Symbol,SYMBOL_BID);
double Ask = SymbolInfoDouble(_Symbol,SYMBOL_ASK);

And it is like this for almost every other thing!
And they still wonder why people don't like mt5.......
  • #29
  • Nov 16, 2016 1:32am Nov 16, 2016 1:32am
well said brother

practising coitus interruptus
  • #30
  • Nov 16, 2016 2:18am Nov 16, 2016 2:18am
Quoting extraw
{quote} Hello braintheboss, How to create framework on MQL? Can you give me some hint so I can find out about it? Thank you.
Its a set of common functionality. You use classes and you dont have repeat much code every project.
Try don't lose pants never...
  • #31
  • Nov 16, 2016 2:50am Nov 16, 2016 2:50am
Complaining is a waste of time...Need to download the mt5 and start working with it...I Kind of like it...
Lotīs of work to find my Indies again, some are not there anyway...in life if you are not flexible you will break..
All the best..
  • #32
  • Nov 16, 2016 2:59am Nov 16, 2016 2:59am
Quoting alphaomega
In mql4 to get the current prices you just type "Bid" and "Ask" For the same thing in mql5 you have to type:
double Bid = SymbolInfoDouble(_Symbol,SYMBOL_BID);
double Ask = SymbolInfoDouble(_Symbol,SYMBOL_ASK);
And it is like this for almost every other thing! And they still wonder why people don't like mt5.......
Absolutely right.. but this is not the real problem.

Until the modifications are limited to a syntax change or to a new funtion, it is enough to have a look to the help and you will find a solution...

When the platform adds up multiple orders and averages them you can do very few things. Crazy choice! We can't manage different positions for different strategies. All is mixed together. I could be short in the short term and maintain at the same time a long position for the daily. That does not mean necessary that I want the hedge: simply are 2 different positions for a different view of the market.

When the platform do not allow hedging (as the MT5 demo platform downloaded this morning from FxPro does) you can't do nothing. The option for hedging is still grayed out on ActivTrade MT5 platform when you try to open an account.

Trading manually, you can open 2 different accounts. but, what about EAs?

Crazy, crazy choice. Perhaps is time to switch platform and language...
  • #33
  • Nov 16, 2016 3:11am Nov 16, 2016 3:11am
my theory why metaquotes is shoving mt5 down our mouths...

they want to control every aspect of the trading ecosystem ...from system indicators to liquidity provision and management and even clearing ..whilst charging a pretty penny on brokers + other participants and us les deplorables just to use it
practising coitus interruptus
  • #34
  • Nov 16, 2016 4:53am Nov 16, 2016 4:53am
You have to go over to the cTrader.

SP.
  • #35
  • Nov 16, 2016 4:59am Nov 16, 2016 4:59am
Thanks God for this. Mt4 and Mt5 are the worse trading platforms, for amateurs and bucketshops.
  • #36
  • Nov 16, 2016 5:55am Nov 16, 2016 5:55am
The people at Metaquotes really became a victim of their own success! Now they are stuck, because they have reached the limit of the retail market. (the retail trading industry is not expanding as fast as it was in the previous years). So they are trying to find new ways to bring new profits. For example this stupid market for indicators where over 90% of the stuff (useless) is coded by Metaquotes.

What made MT4 so successful is the fact that is simple, lightweight, robust, and FREE. As a result the traders liked MT4 and created huge ecosystem by shearing their ideas and code all over the internet.

The fact that mql4 is user friendly and anyone can learn to code with it made is so popular. Even if you have zero experience with coding, you can just read the documentation , you can see the source of other people, how to do some things, and within a few days you can begin to create your own indicators and EA's. Basic stuff.

With mql5 this task is much much harder. (And i think this is was the goal for Metaquotes)

Basically what they are saying to the retail traders is : Hey look, the new language is very powerful with unlimited capabilities...however it's complicated stuff and it is not for amateurs. So if you are not professional programmer, but you want some simple software, you can just pay our programmers (at the mql5 market) and they will code it for you.......

Wrong move Metaquotes, bad move!

Something else, MT4 is targeted at specific market segment - small retail traders. The majority of the people in this segment have no interest in very high level programming. (this is pointless for obvious reasons)

The people who really do use high level programming and do build some very complicated stuff on a super professional level - these people do not use third party software! Most of them have not even heard of mt4/mt5..... These people create their own software and connect directly to the market via API or FIX.

But any way...the damage is done. Now I (we) have to put up with this BS and I have to WASTE MY TIME to convert all my systems and EA's, indicators....to work in MT5.

Or....maybe NOT!
Maybe the time has come for us - the small individual traders to unite, to show Metaquotes the finger and to create some custom build platform. Open source like Linux and free for all to use.
  • #37
  • Nov 16, 2016 5:59am Nov 16, 2016 5:59am
Quoting alphaomega
The people at Metaquotes really became a victim of their own success! Now they are stuck, because they have reached the limit of the retail market. (the retail trading industry is not expanding as fast as it was in the previous years). So they are trying to find new ways to bring new profits. For example this stupid market for indicators where over 90% of the stuff (useless) is coded by Metaquotes. What made MT4 so successful is the fact that is simple, lightweight, robust, and FREE. As a result the traders liked MT4 and created huge ecosystem by...
I concur 100%
  • #38
  • Nov 16, 2016 6:05am Nov 16, 2016 6:05am
hello all, pls i need help from you. i am having challenge with logging in into my android mt4 platform, it keeps saying authorisation failed. do you have idea on what i could do? thanks
  • #39
  • Nov 16, 2016 6:22am Nov 16, 2016 6:22am
Quoting alphaomega
...
With mql5 this task is much much harder. (And i think this is was the goal for Metaquotes) ...
This part would I disagree, the goal was very probably the reduced maintenance burden by limiting the simultaneous products. Also, the scripting language technique is very similar for the both of them, so the same skills are required for the coder.
The problem I see is that the MT5 was not presented as the upgrade of MT4, but rather as an alternate product for the same sector. And meanwhile the users created a huge code stuff. And this (mostly free) library seems to be the problem for the users.
  • #40
  • Nov 16, 2016 6:48am Nov 16, 2016 6:48am
Quoting Halley
{quote} This part would I disagree, the goal was very probably the reduced maintenance burden by limiting the simultaneous products. Also, the scripting language technique is very similar for the both of them, so the same skills are required for the coder. The problem I see is that the MT5 was not presented as the upgrade of MT4, but rather as an alternate product for the same sector. And meanwhile the users created a huge code stuff. And this (mostly free) library seems to be the problem for the users.
Ok, fine! They want their platform to have advanced capabilities....I understand.
But WHY they want to give up mql4? They should preserve it, so MT5 can work with both languages. We can have the simple basic mql4 for the simple tasks, and for the amateurs, and also mql5 for the professionals and for the people who want to develop more advanced stuff. This way we don't have to re-code our systems. (because they are working just fine right now) What is the problem? The problem is that Metaquotes cannot profit this way! They have become greedy bastards. This is the problem.
Thousands of people have spent millions of hours over the years to create some great custom indicators, systems, EAs......all of which are working just fine at the moment. They perfectly serve their purpose and there is nothing to improve at this stage.
And now Metaquotes wants to make mql4 obsolete by force, so they can make more money! 99% of traders will gain nothing from this transition to mql5. It's just more trouble and waste of time. If it ain't broke don't fix it..... And what are they doing? They don't even want to fix it but worse - they want to kill it altogether!
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