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Thursday, 22 June 03:50 (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 However, the company has been actively promoting a newer version of the trading software, which is MetaTrader 5.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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World Blitz Chess Champion Becomes Alpari Forex’s First Client

For those of you who don’t know, Russia has finally started regulating financial markets, including over-the-counter markets, and Forex in particular. This means that the legislation regulating Forex brokers in Russia has now taken effect. The Russian central bank acts as the watchdog regulating those companies that offer FX trading services to retail and corporate clients in Russia.

Publication date: 12 June 08:29 AM

Masterforex-V Expo Names World’s Best Brokers for Beginners in May 2017

There is no denying the fact that any beginning trader should choose the right broker in the first place. The thing is, many traders who are still getting their feet wet in trading are convinced that all brokers are the same in essence. At first sight, it my really seem so but if you dive deeper into the matter you will find out that this is not really the case and brokers do differ from each other in a number of aspects. Sometimes, the difference is crucial for the trader’s success.

Publication date: 10 June 11:51 PM

Bitcoin Skyrocket to $3000

Yesterday, on June 6, the average weighted exchange rate of Bitcoin came close to another major threshold, which is $3000 per 1BTC. By the way, this is a new all-time high for the crypto currency.
 
Publication date: 07 June 01:16 AM

Forex Trust Management the Right Way – Balance Between Moderate Risk and High Profit

Trust management has been one of the most efficient ways to benefit from investing in Forex. According to the result of comprehensive research conducted by Alpari, potential profitability of investing in PAMM portfolios is way higher than the profitability offered by the most profitable market products. Actually it’s 2,3 times as high on average.  As for isolated PAMM accounts, sometimes they bring 18-19 times as much profit!
 
Publication date: 31 May 09:37 AM

Masterforex-V Academy Experts on Finding Forex Entry Points

Any professional Forex trader out there can tell you that finding the right entry point is only 50% of success. Apparently, nobody likes a drawdown after opening another trade. Today we are going to take a closer look at how professional traders from Masterforex-V Academy seek and find the right
 
Publication date: 31 May 08:31 AM

Swap Slavery: Which brokers rob those who trade GBP/USD?

It’s not a secret that GDP/USD is one of the most popular currency pairs today However, there is one but. While some traders do really succeed in making money while trading the British Pound against the U.S. Dollar, others have to put up with losses over time while trading the same currency pair. Yet, we are talking about the same trades made with different brokers.
 
Publication date: 31 May 02:44 AM

MT4-Based Binary Options Brokers

Today we are going to take a closer look at the most reliable and trusted brokers allowing you to trader binary options using the good old MetaTrader 4 or MT4 for short. Let’s first recap what is MT4 and why you should consider trading binary options this way.

Publication date: 29 May 10:47 AM

Russian Ruble May See Devaluation

According to Russia’s central bank, the real effective exchange rate of the Russian Ruble increased by 2,5% in April 2017 against March 2017. What is the long-term forecast and what are the chances of a weaker ruble in the near future? Market Leader will try to figure this out together with several experts.
 
Publication date: 25 May 09:04 AM

Ukraine Switches from Dollar to Euro

The so-called Euro integration now seems to be influencing Ukraine’s choice of the main reserve currency. According to several Ukrainian bankers, the amount of transactions denominated in the common European currency has nearly doubled recently. This means that the Ukrainians are gradually abandoning the U.S. Dollar in favor of the Euro.
 
Publication date: 18 May 09:54 AM

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