friend4you wrote: Thu Jan 31, 2019 11:08 pm

So, both mt4 and mt5 got updates. Is mt5 faster and better now than mt4?
95 % of all indicators/systems can be found for mt4.

yes , i think mt5 is much better then mt4, once you start using mt5, you will feel the difference, all indicators can be replicated for mt5 i assume. atleast for me as i use very basic things for trading, i just use moving averages, and indicator that shows when momentum is loosing steam, like macd and stlm histogram, for entry i wait for moving averages to converge in multiple time frame mode, in that way i avoid sideways markets automatically.

it is because mladen and mrtools have coded moving averages ribbon and many other indicators that are color coded, that helps to see this convergence of moving averages easier in multiple timeframe modes in single chart, so i need not switch to different timeframes again and again.

mt5 has many more options for timeframes as default then mt4 , so it is easy to analyse multiple timeframes easily. after all everything moves when all timeframes align , and then there will be big price bar that will follow on higher timeframe, when tipping point is reached in all lower timeframes. and atr ranges and traders will be thrown upside down in opposite direction, running to cover their positions.

in any case now mt4 will get replaced by mt5 as no more support will be provided to mt4, gradual shift will be there, and it will take its own time, brokers have started shifting to mt5 and they are increasing then previously, even now one big stock exchange in my country have integrated with mt5 that tells that mt4 is going to get extinct sooner or later.

just like in image easy to see moving averages convergence points (due to great coding by mladen and mrtools to add colors to indicatos), in multiple time frames , in single chart, from where there will be big price action next,

all areas from where there is very fast and big price action bars, this areas are very good sr zones, as lots of traders are stuck there as they do not get the opportunity to exit, due to sharp and big price action.