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MetaQuotes "This is the last MT4 upgrade"

  • #101
  • Nov 20, 2016 9:41am Nov 20, 2016 9:41am
i really really hope you're right, although the analogy isn't strictly accurate. eg apple *do* say 'we will stop producing the iphone 5 - so please move over to iphone 6' for example



Quoting mvp77
{quote} It's like Tim Cook comes around and says "We will soon stop producing the iPhone..Please switch to the iPad or Mac."
  • #102
  • Nov 20, 2016 10:04am Nov 20, 2016 10:04am
What about all the money spent on EAs and indis for MT4 from their marketplace at MQL5.com if they don't offer support for these in MT5 nobody is going to make the move! Very bad move on behalf of Metaquotes!
  • #103
  • Nov 20, 2016 12:27pm Nov 20, 2016 12:27pm
traders come first , coders come later

alongside all the problems in MT5 highlighted by some very good posters here , one of the bloodiest and most stupid bug of MT5 is that you can't get rid of the bid price line , whereas in MT4 it is easily done

this dumb thing is a HUGE pain in the a** , and it really says it all about how MetaQuotes coders go about handling traders' needs

have a look at this link

http://www.forexfactory.com/showthread.php?t=448173
  • #104
  • Nov 20, 2016 2:41pm Nov 20, 2016 2:41pm
Quoting braintheboss
{quote} You told it. Traders are traders and coders are coders. Traders have make money trading ( using tools made for others ) and coders have make money selling that specific tools they need. If a trader want make tools for himself he have accept he need adapt to coders world, not opposite. And that is the real problem. Not language or platform. i remember when first b600 was done. All people blaming MQ because they changed language. All people will abandon the platform. A few months later nobody remember their words and promises ( people is happy...
Quote
i remember when first b600 was done. All people blaming MQ because they changed language

The complaints were because of the many,many bugs as there was not enough beta testing before issuing the upgrades. Also some indicators and EAs when re-compiled were incompatible. I think that most coders welcomed the new additions to mql4, especially the graphics tools.
Please Do Not PM Me With Coding Enquiries
  • #105
  • Nov 20, 2016 2:46pm Nov 20, 2016 2:46pm
Quoting Gumrai
{quote} {quote} The complaints were because of the many,many bugs as there was not enough beta testing before issuing the upgrades. Also some indicators and EAs when re-compiled were incompatible. I think that most coders welcomed the new additions to mql4, especially the graphics tools.
As some people told before the transition will not happen fast. Then finally people will accept new platform when coders start to change. It's the natural evolution. I don't see any cataclysm in stop MT4. 12 years is more time than many applications life. It's time to upgrade...
Try don't lose pants never...
  • #106
  • Nov 20, 2016 3:10pm Nov 20, 2016 3:10pm
https://www.ea-coder.com/mt5-replace-mt4/
  • #107
  • Nov 20, 2016 9:07pm Nov 20, 2016 9:07pm
maybe black market will step in as first aid to help retail traders....
  • #108
  • Nov 21, 2016 2:21am Nov 21, 2016 2:21am
Quoting yesyoucan
{quote} MT4 gonna DEAD . Goodbye metaquotes.
Brother,In this world, Change is the only constant thing. Let us welcome it.
Forex; the game of movements not the game of candles.
  • #109
  • Edited 4:36am Nov 21, 2016 3:51am | Edited 4:36am
Quoting Sajid
{quote} Brother,In this world, Change is the only constant thing. Let us welcome it.

Improvement should be continuous effort I must agree. If you check only 3rd grade forex traders( say poor forex traders use Mt4 platform---( i don't want to hit anyone ), large institutions and High net worth people, banks,hedge funds use Metastock(Reuters company) and trade stations what statistics say. So basically such Mt4 discontinuation without compatibility matching of Indicators/EA s with Mt5 is totally attack to small forex traders or say betrayal. We have developed some magnificent indicators with strategy for over 10 years and you know its about business with money and NOT just a use of software. Now there is fight between coders and Mt4 users if you check Mt5 forum comments. So up gradation to Mt5 simply benefit coders to sell their EA which may not be reverse engineered or bringing greator protection not to decompile ex4 files. I always welcome newer version but if you obsolete my entire 10 years result in a one go then situation becoming worse. Today I still can use windows 2000 as well as windows 10. We are traders NOT coders , who will code our Mt4 programme to Mt5? We will have to pay fees for the same again. Now lots of people trade with naked charts with popular word price action who never bother whatever mt4 or mt5. I use indicators so I bother Mt4 and i'm profitable last 6 years consistently. Anyway disaster is unavoidable , we'll have to build own strategy how to get rid of these.


Add:- Even I pay fees to code my MT4 indicators to upgrade Mt5 there is no Guarantee that will function in Mt5 correctly.
Never Gamble Forex
  • #110
  • Nov 21, 2016 4:42am Nov 21, 2016 4:42am
Quoting yesyoucan
.... So basically such Mt4 discontinuation without compatibility matching of Indicators/EA s with Mt5 is totally attack to small forex traders or say betrayal.....
Meta Quote made money charging brokers for licence for MT4 knowing retail traders dependence on indicators. Now again Meta Quote is going to make money on retail traders because they need to convert or totally start from scratch to get same or similar indicators for MT5 and charging brokers for MT5 licence. What retail trader got from Meta Quote? Nothing.
  • #111
  • Nov 21, 2016 6:27am Nov 21, 2016 6:27am
I use a couple of MT4 indicators for which I do not have the MQL4 source code and I have no idea how to get in touch with the authors. Even if I am prepared to reward a coder handsomely, how am I supposed to get these indis re-written for MT5?
It matters not how slow we are to learn, as long as we do not stop.
  • #112
  • Nov 21, 2016 7:22am Nov 21, 2016 7:22am
Quoting CloudRider
I use a couple of MT4 indicators for which I do not have the MQL4 source code and I have no idea how to get in touch with the authors. Even if I am prepared to reward a coder handsomely, how am I supposed to get these indis re-written for MT5?
You must have the mql4 source code in order to convert it to mql5.

But i must remind you, it is better to engage with the original coder because even you hire another coder for conversion, the result won't be the same as the original. I have done it back in 2013, took one MT4 indicator and hire coder from MQL5 marketplace to convert it. The result is totally disaster. The indicator functional only at 80% and still buggy.

Bottom line whatever the indicator is i strongly recommend ask the author to convert it, or else you can risk a half bake non completed MT5 indicator.
  • #113
  • Nov 21, 2016 7:29am Nov 21, 2016 7:29am
Quoting mattrader
... Bottom line whatever the indicator is i strongly recommend ask the author to convert it, or else you can risk a half bake non completed MT5 indicator.
It is not about your recommendation, it is about OC who doesn't want to give /sell mq4 and doesn't want to code in mq5....then what? need decompiler for ex4.

I was begging cyber1 for mq4....and s/he humiliatingly ignores me.
  • #114
  • Nov 21, 2016 7:39am Nov 21, 2016 7:39am
First time i'm with "brain". MT4 has surpassed his zenit years ago. Nobody moved to MT5 because of the trade and hedging problem. Now it's time to use a better system.

Every coder that has to "rewrite" all of it's indicators and eas, has made that mistake long time ago by bad design of his own software. In software development you should also review and rewrite your code more often. MT4 offers a lot of the MT5 features since build 600, so if you changed the code proper the step to MT5 is marginal. If you want to use the better features of MT5 you have additional work to do, of course. But your VW will also be no Bugatti by changing the name.

I would also say that everyone who uses indicators or ea's without source or even glue how they work can't be a serious trader. I would never use such stuff without knowing the ideas behind.

I'm happy to see tickdata, better use of resources, asynchron calls and callbacks with MT5 and that we get rid off the old MT4.
  • #115
  • Nov 21, 2016 7:49am Nov 21, 2016 7:49am
Quoting ruma29
{quote} It is not about your recommendation, it is about OC who doesn't want to give /sell mq4 and doesn't want to code in mq5....then what? need decompiler for ex4. I was begging cyber1 for mq4....and s/he humiliatingly ignores me.
Its up to you, I have state it very clear of what happen if you hire another coder to re-write indicators that he/she doesn't understand or knowning how its work.
  • #116
  • Nov 21, 2016 7:59am Nov 21, 2016 7:59am
Quoting mattrader
{quote} Its up to you, I have state it very clear of what happen if you hire another coder to re-write indicators that he/she doesn't understand or knowning how its work.
I don't agree. Do you think in the real world of software development the developer always understand the programs he migrates? No!

Testdriven Development will help here a lot.

But the developer and the trader should be able to test their stuff. How else can the trader tell if the software he wants is working correctly? Software without tests is nothing.
  • #117
  • Nov 21, 2016 9:09am Nov 21, 2016 9:09am
Quoting JensItzig
... I'm happy to see tickdata, better use of resources, asynchron calls and callbacks with MT5 and that we get rid off the old MT4.
Could you tell us more?
I have no indication of asynchronous calls or callbacks feature with the MT5. And regarding the system resources - the computing power footprint seems multiple times higher with MT5. Am I missing something?
  • #118
  • Edited 10:44am Nov 21, 2016 10:32am | Edited 10:44am
Quoting Halley
{quote} Could you tell us more? I have no indication of asynchronous calls or callbacks feature with the MT5. And regarding the system resources - the computing power footprint seems multiple times higher with MT5. Am I missing something?
http://www.metatrader5.com/en/tradin...arison-mt5-mt4

You are right that i assume when tester will be multithreaded that the whole system will be multithreaded.
Also since you can force MT5 to install as 32bit application it's a 64bit application which leads us to much more memory that can be allocated by MT5.

Here are the callbacks for you. https://www.mql5.com/en/docs/basis/function/events
And this proofs that you can work asynchron https://www.mql5.com/en/docs/trading/ordersendasync

Yes, you missed something.
  • #119
  • Nov 21, 2016 11:51am Nov 21, 2016 11:51am
Quoting mattrader
{quote} Its up to you, I have state it very clear of what happen if you hire another coder to re-write indicators that he/she doesn't understand or knowning how its work.
it is up to you to understand: I have stated it very clearly what happen if you deal with OC (original coder) who refuse to delivery mq4, enjoys someone's pain...
There are many of that kind. even if it is one isolated case it is too many...one of them is coder cyber1.
  • #120
  • Nov 21, 2016 12:16pm Nov 21, 2016 12:16pm
Quoting JensItzig
{quote} http://www.metatrader5.com/en/tradin...arison-mt5-mt4 You are right that i assume when tester will be multithreaded that the whole system will be multithreaded. Also since you can force MT5 to install as 32bit application it's a 64bit application which leads us to much more memory that can be allocated by MT5. Here are the callbacks for you. https://www.mql5.com/en/docs/basis/function/events And this proofs that you can work asynchron https://www.mql5.com/en/docs/trading/ordersendasync Yes, you...
With better use of resources you mean allocating more resources. I agree, you may access the entire processor capacity with MT5, while MT4 can use only a single core. I never challenged memory usage close to 2GB limit, but I agree it could happen with huge data sets.

However event handling is identical in MT4 and MT5 (except missing OnTrade event in MT4).

I am probably still missing something, though.
Creating MQL async function is not possible in MT4, as it uses a single thread per EA/script. Does MT5 allow multiple threads for the single EA/Indicator to enable sending asynchronous functions and callbacks? Can you place an example of such implementation of async function in MT5? (not the build-in command, which triggers event instead of the callback anyway).
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