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Monday, 23 April 01:35 (GMT -05:00)



Foreign exchange market

MetaTrader vs MetaTrader: Who will win the fight between МТ5 and МТ4?


Statistics show that that MetaTrader 4 is the most popular trading software in the world when it comes to Forex trading. MT4 is a masterpiece by MetaQuotes. However, the company has been actively promoting a newer version of the trading software, which is MetaTrader 5. The company’s experts say that the process of switching to the new software is very slow.
 

 

 

 

Even the Chief of the Sales Department of MetaQuotes had to admit that the company had fallen prey to its own previous success. In other words, despite all the efforts, the newer version of the software is still far behind the old one.
 

 

According to John Gordon, Chief Analyst at NordFX, the company offers both version of the popular trading software and lets the client decide which one is the best and most suitable for them. The newer version, which is MT5, is definitely a more innovative solution. It’s got rid of a major drawback, which is the inability to open several trades at a time for the same asset, including the opposite trades. Such trades are said to serve as the basis for many trading strategies you can find on the Internet. That’s why such traders have already switched from MT4 to MT5. 
 

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Should the developers have taken MT4 as the basis for MT5 and then added some new and cool features to it, the process of migrating to the newer version of the popular trading software could have been less painful and much faster. Unfortunately, the developers went back to the drawing board and started everything from square one, creating MT4 for a completely new trading style. Simply put, the average trader was offered to stop using a car and switch to an airplane or a ship. 
 

 

On top of that, the amount of trading robots, custom indicators and other related stuff for MT4 still by far outnumbers the ones created for MT5. Creating MT5 versions of each of such plug-ins and add-ons is time-consuming and requires huge investments.

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Apparently, MQL5 is way better than MQL4, but some developers don’t to migrate to the newer language since they got used to coding in MQL4. These days, you can find thousands of similar discussions on the topic on related forums. Some people try to create some kind of migrators helping coders to painlessly replace the old code with the new one.
 
Let’s consider another example. Both MT4 and MT5 make it possible to access the signals available at mql5.com. Let’s take a look at the ratio of the providers and subscribers between MT4 and MT5.
OK, we have 4040 signal providers for MT4 and just 180 signal providers for MT5. It’s 22 to 1.

 

Also, we have 4090 subscribers for MT4 and just 38 subscribers for MT5. It’s 108 to 1.

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And finally, let’s take a look at the average profitability. Obviously, it’s not a direct indicator in this case. But it can make the entire picture more comprehensive. TOP10 for MT4 gives 90% a month while TOP10 for MT5 gives just 26% per month.
 

 

For now, the bottom line is, that none of the trading software version can replace each other, using both versions can be a good solution for now. They make up for each other. The only thing we can do is hope that MT6 will eliminate those discrepancies and become the ultimate solution embracing the best features of both MT4 and MT5.

 

You are free to discuss this article here:   forum for traders and investors

 

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Backed by Alpari, Bicycle Expedition Conquers North Pole

For the first time in history, the northernmost point of our planet was conquered by a man on a bicycle, who is famous Russian adventurer Bogdan Bulytchev. For those of you who don’t know, he is a member of the Russian Geographical Society and the State Polar Academy.

Publication date: 21 April 12:23 PM

Roubini Names Blockchain Overhyped Technology

Famous economist Nouriel Roubini criticized the foundation of cryptocurrencies – the so-called blockchain technology. In his article for Project Syndicate, Mr. Roubini called blockchain the most overhyped technology ever.

Publication date: 20 April 04:08 AM

Bitcoin Gains Value: 2 Days in a Row. Over 10% a Day

Now it seems that the long-term retracement of the USD/BTC exchange rate seen over the first quarter of the year is gradually reversing back for the uptrend.

Publication date: 13 April 12:57 PM

Bitcoin Rate and US-China Trade War

The cryptocurrency market has been going down steadily for a while. According to CoinMarketCap, the Bitcoin exchange rate has been moving around 6800 USD/BTC. Ethereum, Ripple, Bitcoin Cash and Litecoin have been trading around 382, 0,49, 633, and 119 dollars per coin respectively.

Publication date: 06 April 10:02 AM

It’s the Day of Reckoning for Cryptocurrency Funds, Bloomberg Says

Bloomberg experts claim that the day of reckoning for cryptocurrency funds has finally come. Last year, when the world’s first digital currency (Bitcoin) went sky-high in mid-December and reached another all-time high at 20000 USD/BTC, over 150 funds specializing in cryptocurrencies emerged on the Internet. In 2017, their profits reached 1000%.

Publication date: 05 April 09:43 AM

Masterforex-V Expo Names World’s Best Forex Brokers For Beginners in March 2018

Each and every forex trader out there faces the same challenge at some point in their career. This challenge boils down to choosing the right forex broker. This holds especially true for beginners who are just getting their feet wet in the forex trading environment. This choice is fairly significant for all of them since their future trading performance will depend on that choice. The truth is, all of those forex companies may differ in a number of aspects, including the offered trading conditions.

Publication date: 04 April 12:01 AM

Bitcoin 2018: New Cryptocurrency Realities

In March, the BTC exchange rate dropped by almost 3000 dollars. Some experts predict a further downtrend in the near future, Market Leader reports.

Publication date: 28 March 06:22 AM

Experts Predict Bitcoin Move Above $10K

This week Bitcoin may come close to the psychological level of 10000 USD/BTC and break above it, some international experts say.

Publication date: 26 March 02:10 AM

Masterforex-V Tells You What You Don’t Know About Bitcoin

How do you treat Bitcoin and other cryptocurrencies? Usually, those who ask you this question expect you to be either pessimistic or optimistic on the future of digital currencies, ICO and blockchain.

Publication date: 23 March 11:27 AM

Google Bans ICO and Cryptocurrency Ads

A couple of days ago, the top management of Alphabet Inc. announced that Google would ban any ICO and cryptocurrency ad campaigns starting from June 2018. On top of that, they would toughen the requirements for advertising other risky financial products, including binary options.

Publication date: 18 March 05:54 AM