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Wednesday, 29 March 03:12 (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 However, the company has been actively promoting a newer version of the trading software, which is MetaTrader 5.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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Choosing Profitable NordFX Signals: 300% a Month or 300% a Year?

 These days, trading signals has become really popular among retail traders and investors from all over the world. Speaking about those signals, they come in different shapes. For instance, auto-copying is one of the most popular formats of providing trading signals to retail clients.

 
This is all about letting the client copy successful traders’ performance in automated mode. This means that while the client stays in control of their investments, it’s possible for them to outsource all the routine job of copying the signals to trading software and enjoy passive income on a regular basis rather than having to wait for trading signals to come out and apply them manually. Basically, that’s one of the key reasons why auto-copying services has been getting more and more popular worldwide over the last few years.
Publication date: 21 March 08:16 AM

Pro-rebate.com: 10% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders in February

 In February 2017, those who invested in Masterforex-V Academy’s best traders by copying their trades in auto mode got paid handsomely once again, pro-rebate.com experts report. To be more specific, the 60 best traders collectively made over 67000 points of profit. The top 5 traders made 4270 points of the mentioned profit.

 
It should be noted that over the last 6 months, the average monthly profit has nearly doubled all the way up to 61000 points. For the sake of comparison over the previous 18 months, the average profit never went beyond 35000 points.
Publication date: 20 March 12:26 PM

Bitcoin Is By Right the World’s Most Popular Crypto Currency

The crypto currency as phenomenon emerged not so long ago compared to other digital means of payment. However, since then, it has already managed to will its own place under the sun, and it keeps on getting more and more popular across the entire Internet. More and more people start using crypto currencies as an online means of paying for products and services both offline and inline. On top of that, Bitcoin and other crypto currencies allow an increasing amount of people out there to make money for a living.

Publication date: 20 March 05:14 AM

Pavel Krymov: Crypto Currencies Are Some of the Most Promising Investments

For those of you who don't know, Bitcoin has been one of the biggest financial newsmakers over the last few weeks. After a prolonged rally (at some point, Bitcoin even got more expensive than gold) connected with certain events, the crypto currency unexpectedly dropped only to recover most of the lost ground a few days later.

Publication date: 19 March 01:49 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Gets +0,71% More This in a Week

When it comes to investing money, it’s always a good idea to advance slowly but surely. The past trading week happened to be a success for the managers of the «PrivateFX №1» portfolio. In particular, the 5 trading days of the week ended up with 106,43 dollars of profit, which is 0,71%. This is not that much in absolute terms. However, within 12 months of such a profitability, the initial capital of $15K could see around $6600 on top.

Publication date: 10 March 04:56 AM

Bitcoin Exchange Rate Hits All-Time High

In late February, the exchange rate of Bitcoin, the world’s first and most popular crypto-currency, reached a new all-time high – 1 183,68 USD/BTC. This happened earlier in the morning, on February 24, at itNit, which is a New York-based exchange. A couple of hours before setting the all-time high, the exchange rate exceeded the $1000 threshold.

Publication date: 06 March 08:47 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Outperforms Other Financial Instruments

Misfortunes are always followed by good luck. This is what PrivateFX №1 investors hope for. And they really have a reason for that, even though February didn’t turn out to be a profitable month for them. the thing is, after the profit made at the very beginning of the trading month, the investment portfolio saw an unpleasant drawdown, even though a minor one.

Publication date: 28 February 11:48 AM

PrivateFX, Masterforex-V Academy and PRO-rebate Launch PAMM Trading Contest

The trading year started without any major events. There is nothing to be surprised about given the fact that financial markets are really afraid of unpredictable Donald Trump who has been making controversial statements and changing his mind from time to time, thereby triggering ups and downs in financial markets. These days, it’s rather difficult to predict the market and follow the trend even if you are an advanced trader with many years of expertise and excellent tools under your belt. The question is whether it’s really possible to benefit from Forex without being pegged to international events.

Publication date: 23 February 02:25 AM

Greek Economy Starts Growing

Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.

Publication date: 22 February 08:58 AM

Investors Recognize PrivateFX World’s Best PAMM Broker 2016

Investing in Forex is probably one of the most promising ways to make money in passive mode. If you are cooperating with a reliable broker, and your managing trader is interested in making money on mutually beneficial terms, often times you can get a weekly profit, which is going to be bigger than the interest rates paid you annually as a bank depositor. This holds especially true for PAMM investments, which are the best options to make money in financial markets in passive mode.

Publication date: 16 February 05:02 AM