Metaquotes Will No Longer Sell its MT4 Trading Platform - Page 2
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Thread: Metaquotes Will No Longer Sell its MT4 Trading Platform

  1. #11
    Quote Originally Posted by ;
    Great, this is the end of retail forex. Launched with the scam MT3 which spawned an entire sector of scammers and cheaters constructed around metaquote's retail forex fantasy machine Hundreds of millions lost through the years in order to built the forex casinos...
    I'm beyond chance to finally find this news. In fact, someone with chunks must sue the carp from those MOFOs behind generated such a platform. Scam brokers should not be blamed here to a certain extent. I've traded on MT4 using ATC brokers only for a single year since 2006 and I lost 10K with them and yet kept on doing nicely with the exact same feed from FXCM via their TS2 platform. It was only when I coped in automation in 2016 by studying mql that I realized the basic things they conceal from traders. 99.99percent of those 95% losers shed on MT4. Same encounter with Oanda MT4 also. This platform is designed for brokers interval!

    I wager they understand what kinda of liability exposure they have and want to restrict it. Too fucking late !

    The best alternative is to utilize MT4 to generate signals on a single broker and trade it live on a different broker manually or via API. That is the only alternative I could think of (apart from moving yo futures)

    Spot FX is lifeless in USA.just use very large leverage and should blessed earn a few quick bucks and get out.

  2. #12
    Quote Originally Posted by ;
    Really brokers are not troublesome for usage MT5. I made a bridge for use MT4 accounts with MT5 tools. Really is not complex task and you have best of two worlds. Anyway change will be slow then folks have enough time to accept the new reality
    I'm new to MT5. Kindly teach us why you feel sc cannot happen by brokers through MT5 platform?

  3. #13
    Quote Originally Posted by ;
    Their migration egy will not be successful and they'll have to change their thoughts. They're crazy, it is something like MS forcing companies rewrite all their corporate Excel documents and templates whenever new version of Excel softwares (Office 2013, Office 2017, Office 360,...) come out. (Really, mt5 is not sequel of mt4. They are entirely different products.) I hope some good U.S or European firm buyouts Metaquotes before it goes out of business. This is a good news to cTrader and NinjaTrader.
    How do you understand MT5 doesn't have the similar backend characteristics that brokers have in MT4 to freeze, demand and the remaining part of the gamut of gear.

  4. #14
    I can't recall the book I read in a book store. It had been something associated with titans to altered the industry Facebook, alibaba, Amazon, were around there and guess who was on it. . .the Russian dude to generated Metatrader platform. He made billions selling this platform. . Its the best multi level marketing scheme out there!

  5. #15
    Quote Originally Posted by ;
    quote I am beyond exited to finally find this news. In fact, the carp should be sued by someone with chunks from those MOFOs behind created such a platform. Scam brokers are not to be blamed here to a certain degree. I've traded on MT4 using ATC brokers only for a single year since 2006 and I lost 10K together and yet kept on doing nicely using the exact same feed in FXCM through their TS2 platform. It was only when I dealt in automation in 2016 by studying mql which I realized the basic things they conceal from traders. 99.99percent of the 95% losers shed on MT4. Same...
    VEEFX,

    Could you please elaborate on what specific issues you had with Oanda...

    Thanks

  6. #16
    In theory MT5 does have the capability to become the king of all trading platforms. But it is not there and I have my doubts for the time being.

    How I view it, the main idea is that MT5 doesn't need to be another trading platform! MT5 need to develop into the operating system (OS) for traders. Just like we build and install software(apps) on top of Windows, the exact same way we can build and set up specialized trading progr on top of MT.

    You do not like the conventional interface? You need something more sophistied? Something special? Fine! Now with mql5 you've got the opportunity to build your own trading platform. In theory there are no limits. The language is strong enough to build fully functional 3D game inside the platform.

    Of course I still think that some facets of the speech suck, but eventually we are going to get around these problems once we build custom library with open source functions and courses.

    For today the largest limitation which prevents MT5 out of concurring the entire world is that the platform isn't correctly integrated. What I mean with that?
    You will find over 100 000 financial instruments traded globally! And just how a lot of these markets are accessible trough MT5? Not even 0.1%!

    I want to have the ability to exchange everything through this platform. By FX and stocks, to stocks and crypto currencies. I need access to all major exchanges.
    I want to exchange US stocks, European stocks, Chinese stocks, Japanese stocks....
    This platform requires integration with companies like Interactive brokers and a number of the large banks. Not some fx bucket stores registered in the center of the ocean.

  7. #17
    Quote Originally Posted by ;
    In concept MT5 has the potential to become the king of trading platforms. But it's not there and that I have my doubts for the time being. How I see it, the primary idea is that MT5 doesn't have to be another trading platform! MT5 have to develop into the operating system (OS) for traders. Just like we construct and install software(apps) along with Windows, the exact same way we can construct and install technical trading progr in addition to MT. You don't enjoy the standard interface? You need something more sophistied? Something special? Fine! Now with mql5 you've got...
    Great write-up Alpha. But I beg to ask... will MT4 allow the exact same backend'abilities' to the broker like MT4 does. If it does not, how do we know for certain it does not. Again, I am not blaming MT4 because of my drawdowns as very small part of my trading travel has been mt4 based. Ever since I heard how to code, I have only lost $200 in last 2 yrs on MT4! It's all my discoveries of what features are not readily available to the typical user which are exposed only via coding... with that I have a huge problem.

  8. #18
    Quote Originally Posted by ;
    quote, Would you please elaborate on what specific issues you'd with Oanda... Due
    It is not with Oanda but MT4 platform linked with Oanda. That's all I would say about Oanda since it is the only relatively secure option available to US traders. Can't publicly throw dirt on them but they are NOT the sweethearts Oanda forum associates preach (I don't visit their forums or FXCM's dailyFX... they are filled with egies that ultimately benefit the broker).

  9. #19
    Quote Originally Posted by ;
    quote I'm new to MT5. Kindly teach us why you feel sc can't happen by brokers via MT5 platform?
    I am not speaking about that. Im talking about you can use MT4 account utilizing MT5 for process all taking advantges of new platform

  10. #20
    Quote Originally Posted by ;
    quote I mean, until you come here and say that I exchange 50 lots, spread widening is normal lol jk Yeah, I had been talking about major spread widening. . Not 1 or 2 ticks as far as I am aware, placing limit orders inside the spread is possible with a few (very few actually) metatrader brokers.
    You can with near all metatader brokers place limit order inside the spread, in case you dont have any mini distances, what only bad brokers have in this day.
    But the purpose was not this, it was that this limit order get no partly match, if you place by way of instance a 20 lot order, it get only filled or not filled, not fileld with lets say 10 lot already when the price for 10 lot is attained, only when the price for a 20 mio volume orders is attained, then this order will be filled. And as you dont see the price for what order sum its is likely to exchange, you cant see if you get triggered. And thats why rescuing the spreads won't help, because the same difficulty, you dont know the volume what was for this spread possible to exchange, or even you dont know if it had been possible to exchange with this price, if perhaps an other one traded already for this and also the price is away or it was only indied price (what a few brokers have and you will get offquote message if you want exchange for it). Thats an issue inside metatrader 4 which can not be solved.

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