MetaQuotes "This is the last MT4 upgrade"

true ...we are bout to fall victim to the secret russian cabal..

metaquotes thinks it has us by our nuts.... no we will have metaquotes by its nuts. ..

the day they switch off mt4....99% of brokers will close shop...

so metaquotes ...lets play some russian roulette ...ask yourself ..."do i feel lucky "

just love your post...

Suggest some one here to develop a program could import real time forex data from fix api broker into mt4,and build real time chart on online chart, thus we could run mt4 ea on chart and send order to api broker, even without connection to mt4 server(which means even without metaquotes support, we could continue use mt4 ea in future), if anyone can realize this function, i would like to pay for it.

Does MT5 offer offline charts, do they run Renko EAs?

¡No pasarán!

at the choice on downloading of MT4, MT5 is all the same downloaded. Horror

the day they switch off mt4....99% of brokers will close shop...

Just complicate. They're never ok with the life they have, heheheheh
Good trades

Hi,

Seems that 90% plus do not want to change myself included.
(not that we are fighting change or being stubborn but there are plenty aspects to this)
We have valid points & I think a way must be found that allows MT4 & MT5 users to continue as is.

My biggest concern is my indicators! Can they be changed to work on MT5 & the costs involved.
Transition from MT4 to MT5 cant be an over the weekend thing either.

Honestly if they do, do away with MT4 I will move to another platform.

relax mt5 transition 2019

Make MT4 open source so anyone capable to develop it . But when broker STOP using Mt4? Very soon?

2019

could you post reference where you find it 2019? So you mean MT4 service will be closed from 2019?

A U.S company should buy Metaquotes......... They are just hopeless.
I would rather move to Tradingview.

Mt4 supports hedge trades, it depends on your broker whether it is allowed or not. (US brokers don't support it). MT5 sucks because it does not allow multiple open trades of the same pair, it combines them and cost averages the entry price. If they do away with MT4 I will certainly switch to some other platform offered by my broker. As I am a price action trader and don't use any indicators or EA's that side of it does not bother me>

yep , they want to control the EA market

traders won't switch to MT5 even if they stop upgrading MT4

the only way for MetaQuotes to make MT5 a success should be similar to the transition from MT3 to MT4 : rewrite MT5 as an improvement of MT4 and keep full compatibility of programming language , and keep the vision and philosophy of MT4 forever alive without trying to play dirty tricks

First, It's not gonna happen quickly. The transition will take place slowly. Second, coders should not be worried. Providing back door compatibility is there priority. It's not that much a big issue. Let's move to MT5.

I have been trading since 1994, and with ninja trader since 2006, and have been several times asking, if they can work with forex brokers
ten years no progress. maybe they have deal with those couple loucyyy brokers gain and fxcm which have sevral times had legal problems and had penalties which doesent matter.

i have been trading with bloomberg,telerate,tradestation,ninja,multichart,jtrader,dukas,CQG


i wish this transition will promote brokers get rid of metaquotes, but it wont be easy chnage with servers.

Many people with background of trading futures and options knows flaws of forex trading with metaquotes.

this so real , metaquotes have virtual dealer plugin cand find they product manual easy,
with those tools they actually promoting how to cheat clients,customers. thats no only thing, not have to talk ea's or indicators.
mostly every platform have same lagging stuff, not need lot, most things just distruct most importan part, like trading

hope forexfactory dont delete this post, as they do sometimes if you talk real stuff or trading with forex brokers
have been seeing lot of hoax, have been person whos trading acount were in m-global and pfg best.
and those should be fine companies and under NFA. was it funny, no.
or when you start making money you can find problems, suddenly will find server

price with multiple timeframes are the best indicator. no problem switch

I really doubt this! They already have said that mql4 (ex4) files will not be supported in MT5. Everything will have to be re-coded into mql5. This is really bad news for everyone who is using custom build systems with special indicators, EA's, scripts..... Everything will become obsolete overnight when they finally decide to pull the plug on the mt4 servers.
You see, there are people who have invested thousands ($$$) to develop software for MT4. Not to mention the time spend.

On the other side, mql5 is so complicated compared to mql4, in some areas it is absolute overkill. (Its a big step backwards in my opinion).
It will be much harder for non professional coders to create their own stuff. And even professional coders will have problems. At least they will have to spend time and efforts to learn all new changes in the language. Also they will have to write a lot more code with mql5......for the same functions.

All this is done for a reason!

Metaquotes will try to use their position in the market place (as a monopolist) in order to take money from the trading community by force.

 

1. Eventually they will turn off MT4, forcing all Brokers to buy MT5.
2. They will try to make even more money by adapting and converting old code to the new platform. (Why do you think they created the MQL5 market and the "freelance" section that you see inside the platform right now?) They are pushing this in our faces!

When (and if) your broker moves to MT5 they will transfer automatically all mt4 accounts to the new MT5 server and this window will appear on the screen when you log in with you mt4 details.

Bottom line?


The math is simple. There is over 700 brokers worldwide currently using MT4 only (they do not offer MT5.)

Say, the license for MT5 cost around $100 000 for one broker. You can do the math

And what about the millions of traders using custom software build for mt4? All this software will have to be adapted..Metaquotes will try to take advantage of this as well..

I think lot of people (brokers and traders) will be left very disappointed from all this!


Just for the record ; Metaquotes already removed the links from their site for the mt4 installation file.
Now when you download the .exe file for mt4 it automatically installs mt5 instead.
So now, you can only download mt4 from your broker.