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Thursday, 19 January 08:53 (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 However, the company has been actively promoting a newer version of the trading software, which is MetaTrader 5.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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Trading Signals by Dukascopy 17.01.2017

These are the Main Daily Trading Signals with a closer look at the technical models and how they compare with the interbank at 8 AM GMT.
Euro/Dollar sees 4 buy prompts on both its 1 and 4-hour charts, but the 24-hour scale turns neutral with 5 models, and it is in line with the less than 1% long interbank.

Publication date: 17 January 09:46 AM

Orbex: Executing Orders In Client's Favor

For any FX trader out there, it’s really important, even vital, to choose the right broker to trade with. Even if you are a pro trader and really know how to make tons of money trading currencies, or pretty much any other financial assets available, nothing will actually help you to make money if you have signed up with a disreputable broker or even a scam. I hope the reasons are obvious.

Publication date: 17 January 08:44 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio: New Year - New Profits

They say, the way you spend New Year’s Eve is the same way you’ll spend the rest of the year. This is something Masterforex-V experts would like to believe now. Those who invested in the PrivateFX №1 portfolio, could see their managers make profits over the first 2 weeks of 2017.
 

 

Even despite the fact that there were a lot of days-off over the reporting period, the portfolio, which initial started at $15K in early 2016, got $267,1 or +1,78% of profit this time. This is a good start of the year, isn’t it?
Publication date: 17 January 06:41 AM

Trading Signals by Dukascopy 16.01.2017

You're watching the Main Daily Trading Signals for Monday. Here's how the interbank compares with the technicals at 8 AM GMT.
All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term. The mid-term turns neutral with 4 models, and the daily outlook brings 4 buy prompts. Neutral at less than 1% long, the interbank supports the 4-hour models.

Publication date: 16 January 07:10 AM

Vipro Markets: Successful Trader Means Free Trader

Any trader, whether this is a beginner or a professional with many years of expertise, needs a reliable broker to trade financial markets. Such a company is required to be able to provide access to international financial markets and to back optimal trading decisions as the broker’s efficient trading technologies guarantee safety of client funds.

Publication date: 14 January 09:25 AM

TOP5 Masterforex-V Traders Made 4541 Profits of Profit in December 2016

In one of the previous articles we already reported that Masterforex-V Academy’s 60 best traders have set a new profitability record by generating really amazing profits – over 70 000 points in The first half of December alone. December has been a profitable month as well. As of December, they have made over 54000 points of profit.

Publication date: 11 January 10:54 AM

Strengthening Dollar May Challenge Global Economy

The U.S. Dollar is currently strengthening, which may become a problem for the entire global economy.  The rally seems to be confident. The tendency started after Donald Trump won the U.S. presidential election 2016. On top of that, the American currency is now 40% stronger than 5 years ago.

 

 
Publication date: 02 January 08:17 AM

Active Investor by PrivateFX – World’s Best Investment Product 2016

Forex investments are some of the best way to invest your money for a considerable passive income, especially if compared with investments in residential property, startups, stocks, bank deposits etc.

Publication date: 30 December 07:00 PM

Orbex: Gold is still one of the best assets for FX traders

If you ask investors which is the most reliable asset to invest in today, they will probably answer that this is gold. Indeed, gold prices has their ups and downs from time to time. However, if to compare gold to other conventional assets, the upward potential is more vivid and considerable.

 

 
Publication date: 30 December 04:08 PM

Alpari Cashback – Over $3,5 Million To Traders

Today’s Forex market offers a lot of various bonuses and promos for retail traders allowing them to make extra cash upon complying with the terms and conditions. As a rule, those are one-time offers or events designed to attract new clients and make the existing ones more active.

 

 
Publication date: 30 December 03:16 PM