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Wednesday, 24 May 05:27 (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 However, the company has been actively promoting a newer version of the trading software, which is MetaTrader 5.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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Euro. New Optimism

The 2017 GDP forecast for the European Union is reported to have been increased by the Euro Commission from 1,6% up to 1,7%. This means that the economic growth in 28 EU countries, according to the general estimate, is likely to reach 1,9%. The Euro Commission has reported about economic growth for the 5th year in a row. They expect the tendency to remain this and next year as well. The unemployment rate is expected to shrink all the way down to 9,4% this year.

 

 
Publication date: 17 May 07:04 AM

Masterforex-V Academy Names Forex Brokers with Hidden Commissions (Big Swaps) of 40 Pips a Week

Most Forex traders out there always try to find a way to make big money without any risk. On the surface, some of such ways do really look unbeatable. However, those solutions eventually fail if applied under the trading conditions that leave much to be desired as they are offered by some brokers disinterested in their clients’ success. At the end of the day, such solutions end up causing big losses instead of generating stellar profits. This is something Masterforex-V Academy experts figured out after conducting in-depth analysis of the FX brokerage industry.

Publication date: 16 May 07:20 PM

Pro-rebate.com: $400 of Profit Made by Auto-Copying Masterforex-V’s Best Traders In April 2017

 The strategy that Masterforex-V Academy has been sticking for years now keeps on brining fruit to traders and investors. The main distinctive feature that makes these investments stand out from the crowd is the fact that they are 100% reliable and there is zero chance of losing money. Those investments are based on sound money management without Martingale and other tricks. All of those investment accounts are monitored at myfxbook.com. VIP traders has been showing consistent profits ever since they were launched more than 2 years ago.

Publication date: 13 May 12:40 AM

Online Forums for FX Traders – Recourses to Leverage Your Trading or Another Way to Trick You into Losing Money?

As you probably know, there is no such thing as a free lunch. Most of us like this saying. But how do we apply it in real life? A good example is when we are offered to participate in a promo and get a chance to benefit from it in a certain way. Frankly speaking, each and every FX broker out there offers a certain kind of bonuses or promos to retail clients. Most of the time, you are offered a welcome bonus, deposit bonus, or even no-deposit deposit bonus. Should all of that be treated seriously?

 

 
Publication date: 12 May 04:21 AM

Masterforex-V EXPO Names Best Forex Brokers for Beginners in May 2017

No matter whether you are a beginning or an advanced trader, at some point during your trading career you have to choose an FX broker. And when choosing it, you obviously want to choose a reputable broker.

 

 

 

Publication date: 10 May 08:59 PM

Masterforex-V Expo Names Best MT4 Brokers in May 2017

Metatrader 4 (or MT4 for short) is still the world’s most popular Forex trading software. It was created to make the trader’s life easier and improve their trading performance. Today, there is even a web-based version of the trading software allowing you to access the market via any browser you like.
 
Publication date: 10 May 08:39 PM

Bitcoin Exchange Rate Goes Above $1700

Bitcoin is reported to have set a new record by seeing its exchange rate go above $1700. This is a 45% gain over the last 4 weeks. Given the increasing interest in the crypto-currency shown all around the world, international experts predict that by the end of 2017, BTC may reach even $4000.
 
Publication date: 10 May 07:47 PM

Trump Doesn’t need a Strong Dollar

A couple of weeks ago, Donald Trump made a statement related to the USA’s money-and-credit policy. This leads us to believe that in the near future Washington may well abandon the policy leading to a stronger dollar.

 

 
Publication date: 10 May 05:16 AM

FortFS, Masterforex-V Academy and PRO-Rebate Open «Double Bonus» Season

One of the leading international Forex companies named Fort Financial Services, which was recognized the world’s best FX broker for beginners in 2016, keeps on making clients happy with the help of various pleasant surprises.

Publication date: 04 May 10:37 AM

Forex Means Market Without Crisis

Most of us have already felt what an economic crisis is. Most likely, we keep on looking for extra income and financial stability. Is it possible? Yes, indeed, if discover Forex. What is conventional Forex?

 

 
Back in 1989, the daily FX turnover used to be as little as 600 million dollars a day.  In 1998, another global crisis broke in. Back then, the turnover easily exceeded 1 trillion dollars a day. By 2010, the turnover had already reached 3,5 trillion dollars. This time, it was the 2008 crisis that contributed to this growth. These days, the daily FX turnover is well above 5 trillion dollars a day. For the sake of comparison, the monthly NYSE turnover is well below the daily FX turnover. It sounds a little bit shocking, doesn’t it?
Publication date: 01 May 09:36 AM