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MT4 vs MT5 | Features and compatibility




Metatrader5, MT5

How do you feel about MT5?



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trader

November 16, 2009

This is Crap.

This is the reason I left my broker in the US because of the elimination of Hedging!!!!!

I don’t know what the hell is going on with the financial system world wide but I feel that they found out how traders are using hedging techniques to win at there trading game and now they want to eliminate that.

This reminds my of a like a kid that keeps changing the rules of the football game on every play to benefit himself its F’ingBS!!

I hope not all brokers go to this Sh.. MT5

I know that FXpro is not going have anymore US clients starting in sometime January 2010 I hope this is not a trend. I have an account with TDFX and the are testing MT5 and if they switch to this piece of Sh.. I going to have to find another broker!!!!

I did not realize that MT5 is eliminating hedging till today from reading Traders comments I don’t f’ing believe this.

I just got use to using MT4 recently coming from Ninja Trader and MT4 is not a good trading platform for traders it is like going back to the early years of computing working with MT4 or MT5 but I wanted to trade Forex so I sucked it up and went for it but it left me with a bad taste in my mouth like Diet Coke but if I have to I’ll keep looking a broker that will allow Hedging on a different platform.


BrokerGuru

October 24, 2009

Hedging is eliminated entirely no matter whether it is a US or European broker using MT5, the core of MetaTrader has been affected with no hedging possibilities left.


trader

October 23, 2009

Why cant you hedge in MT5? FiFo rules apply only to the US, not in Europe.


trader

October 19, 2009

IF MY BROKER (ALPARI UK) CHANGES TO MT5 AND WE CANNOT USE OUR MT4 INDICATORS THEN 95% OF MY TRADING BUDDIES WILL MOVE TO A BROKER RUNNING MT4.... BE WARNED...THIS IS FOR REAL???


trader

October 17, 2009

As with most things , America forgets that all persons don't live within their borders,
most of us don't give 2 hoots for the restrictive practives of an ever more game regime
(pity they didn't watch their own barn 10 years ago when this trouble started)

I would say that UK, Australia, Canada and many other countries have well regulated and controlled
investment businesses.

I don't often hedge, but I sure do when I need to, as well - i'll decide which order i want to kill my
trades thank-you, why can't the NFA bullshit be switchable ? if not then Really the only upside
will be if the EA analyser can utilise multi-core/multi-threads properly, if not - who cares
I'll stay with MT4 or move to another provider, like Oanda or Dukascopy...


trader

September 19, 2009

If my broker will use MT5 this those limits (I am european) then it's time to go over another platform and broker.
I think metatrader will distroy hisselve with his own hands.


trader

September 17, 2009

Can't disagree with you. It makes traders unsettled about those changes. I would myself love to see more order types being added, in particular OCO orders. So far MetaQuotes don't plan it for MT5 platform.


trader

September 17, 2009

if hedging will not be allowed, and combining orders, than it is piece of shit.

Instead of destroying what is currently working in MT4, they should fix what is not, like parent orders, if orders, etc. something like what is provided by dealbook by GFT.


BrokerGuru

September 16, 2009

In MT5 we will no longer have the option to hedge, as far as I understood it, be it against your manually opened trades or against the EA initiated trades. you would have to accept your losses before opening a trade in the opposite direction.


trader

September 16, 2009

I have read in a number of forums, that if you have a single EA on an instrument, that it may inhibit the types of trades you may want to do manually. This would especially be the case if you want to trade in the opposing direction to a robots trade, and the robots trade is presently in a losing position. You would be forced to recognise the loss, before you can trade manually in the opposing position.

But if you trust your robot this would suck. Is this the case???


trader

September 3, 2009

It would be nice if MT5 has the ability to place OCO orders as well! :).


BrokerGuru

August 6, 2009

Well, not exactly a broker or MT5 related question :) but... alright

What you saw is called "divergence" - indicator (in this case RSI) was rising while price was making new lows.
Trading with RSI alone one 1 minute charts and especially when you've chosen such volatile pair as GBPJPY is not the best option. Refine your trading method by adding additional parameters for entries and have a look at divergence setups and ways to trade them.

Good luck!


trader

August 6, 2009

Broker guru thank u very much i have read through the pages and it was helpful. but what i would like to know is why i took a position and BUY when Rsi was 31 and the trend went down to 25 and later came back to 30 and moved to 50 and yet i was still running at loss. Well i used
5 lot size
1minute trade
Currency GBP/JPY
Amount 3000 USD


trader

August 6, 2009

One of the amusing things about trading is the inability of people to understand that once advantages from certain tools become widespread, they completely lose any possible advantage that they once had, unless they enable unique methods or strategies that remain out of circulation. Also, as the tools become more complicated, they actually take more time to understand and use. Just another thing so-called "expert forex tutors/coaches" and others can claim people need to "master" before they can become rich.


BrokerGuru

August 3, 2009

As far as I know, MQ5 language is not available to public yet, but it was promised to come out before the actual presentation of MT5, so that traders have time to get familiar with new language features.

All indicators and EAs that were written for MT4 won't work with MT5, regardless FIFO or any other NFA rules - it is an official statement from Metatrader developers. So, yes, all indicators and EAs have to be re-written for a new platform.


trader

August 3, 2009

Does anyone have a cross written example of an EA for MT4 written into C++ for MT5?


trader

August 3, 2009

Can we have any examples of typical EA styles written for MT5? When you say MT4 EA's will have to rewritten for MT5 is that an across-the-board statement or specifically for EA's that do not comply with the NFA restrictions? Last thought - will the indicators still be contained within the MT5 program or will they have to be rewritten, will those contained within the program respond similarly or will they be a whole new learning experience? I ask because I've just learned to use the MT4 indicators.


trader

July 31, 2009

mt5 is a complete bull shit ,it's another heavy scam bag filled with advanced tricks


trader

July 20, 2009

Hi
Does anybody know the actual release date of MT5 and if/when will FAPTurbo and Megadroid ea's release a version to work under MT5 ?
...Thanks


trader

July 18, 2009

No need actually!!!
Many tricks at metatrader version
no matter which version occurs
All of them is same,


G.Ramirez

July 16, 2009

Hello Everyone,

MT5 looks cool but I would like to see a trading dome like in Ninja Trader so it can be ease to trade limit orders and adjust your stops and profit targets with a click of a button.

Thanks,

G.Ramirez



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