Statistics: Posted by JohnnyRy β Tue May 21, 2024 3:15 am β Replies 231 β Views 8956
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MT4 (MetaTrader 4) has indeed been out for quite some time now, having been released in 2005. Despite the release of MT5 (MetaTrader 5) in 2010, MT4 has shown remarkable longevity and resilience in the trading community. Letβs break it down for clarity:
### 1. **Longevity of MT4:**
- **User Base:** MT4 continues to have a strong and loyal user base even more than a decade after its release. This longevity is primarily due to its robust, user-friendly interface and a rich ecosystem of Expert Advisors (EAs), indicators, and scripts developed by a vast community.
- **Support:** While MetaQuotes, the company behind MetaTrader, officially ended support for MT4 in 2018 to encourage migration to MT5, many brokers still offer MT4 due to its popularity.
- **Functional Specialization:** MT4 has cemented its place, especially among retail forex traders, due to its simplicity and efficiency for forex trading.
### 2. **Adoption and Transition to MT5:**
- **Slow Adoption:** The adoption of MT5 has been relatively slow compared to MT4. Several factors contributed to this:
- **Compatibility Issues:** Many traders and developers invested significant time and resources in MT4 and were reluctant to transition due to compatibility issues with existing EAs and custom indicators.
- **Education and Training:** The community, educators, and brokers heavily invested in MT4 training materials, further creating inertia against switching to MT5.
- **Enhanced Features of MT5:** MT5 is a multi-asset platform that supports not only forex trading but also trading in stocks, commodities, and futures. It has advanced features like a built-in economic calendar, improved charting tools, and a depth-of-market feature, which make it appealing for more experienced traders.
### 3. **Market Preferences:**
- **MT4 for Forex Traders:** If your primary focus is forex trading and you rely on existing EAs and custom indicators, MT4 remains a solid choice.
- **MT5 for Diverse Strategies:** If you require more advanced trading tools, support for additional asset classes, or are developing new trading systems from scratch, MT5 may be more suitable.
### 4. **Broker Support:**
- Many brokers continue to support both MT4 and MT5, allowing traders to choose based on their preferences and needs. Some brokers also provide incentives for traders to transition to MT5, highlighting its superior features.
### Conclusion
In summary, while MT4βs official support by MetaQuotes has ended, its use is still widespread due to its simplicity, reliability, and extensive community support. MT5 adoption has been growing, particularly among those looking for advanced trading capabilities and multi-asset trading. The decision to use MT4 or MT5 often comes down to the traderβs specific needs, existing investments in trading tools, and the type of assets they trade.
Ultimately, both platforms offer robust solutions, and the choice largely depends on individual trading strategies and preferences.
Personally, I will continue to use MT4 for all my trading needs until brokers no longer support it. Then, I will have no choice but to adopt MT5 and convert my setup to the MT5 platform. Hopefully, we still have a few more years of fun trading MT4.
Xard777
Statistics: Posted by xard777 β Tue May 21, 2024 3:11 am β Replies 15263 β Views 3827161
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Staring Joe Biden... 
FXaIq3bWAAEetz8.jpg
FXaIq3bWAAEetz8.jpg
Statistics: Posted by JohnnyRy β Tue May 21, 2024 3:08 am β Replies 330 β Views 33501
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yes pucmola
please share your 15m chart euro usd picture.extreme hills
Guner, what's going on? I don't have time to compare indicators... EURUSD m15... But as I see, it will still go up in my opinion... it touched, but I don't see the SELL signal, only on the arrow and they are made soft.please share your 15m chart euro usd picture.extreme hills
Guner ...I come here to forexstation to relax, when I check test computers, not to compare indicators...
I'm writing to you here because I want your customers to get more than you give them....
Statistics: Posted by Pucmola β Tue May 21, 2024 3:06 am β Replies 1220 β Views 94529
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Hi everyone, what kind of moving average is this, It seems like hull moving average but not certain though
Its 2 hma(many variants) or t3 Or red k cora wave
Statistics: Posted by WOLF β Tue May 21, 2024 1:49 am β Replies 1549 β Views 507273
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Tradingview has oscillators made from cot dataLike this one
Statistics: Posted by WOLF β Tue May 21, 2024 1:19 am β Replies 702 β Views 61542
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Please add ATR bands. Thank you
Hello. I am not at home, I will working on new version when i will be back at home....one question,you want bands to Ma or to super trend?Statistics: Posted by kvak β Tue May 21, 2024 1:09 am β Replies 443 β Views 217011
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Hi, Beatle
I have been playing with this new toy and maybe it could be of your interest. It has some awesome features regarding reversal levels.
TPSpro RFI Levels - nodll.ex4
Hi, is there any way to know the tp/sl before candle close? I notices the 2 level is used like tp if it is above and sl if it is below.I have been playing with this new toy and maybe it could be of your interest. It has some awesome features regarding reversal levels.
TPSpro RFI Levels - nodll.ex4
So i wonder why this las sell order was closed? Does anyone know?
Statistics: Posted by ffsss β Tue May 21, 2024 12:54 am β Replies 4140 β Views 1116016
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I live in US and we have a lot more regulations and restrictions than EU.
In 2015 I had to stop trading binaries, and I really enjoyed taking 2 and 5 minutes trades
I moved my trading to Nadex but their charts are very poor, so I use OANDA for a lot of years and MT4 is my favorite platform for my charts. OANDA doesn't have MT5 available and there are no rumors about MT4 EOL.
Nadex binary options--yerp, they suck. They were acquired by IG a few years back.In 2015 I had to stop trading binaries, and I really enjoyed taking 2 and 5 minutes trades
I moved my trading to Nadex but their charts are very poor, so I use OANDA for a lot of years and MT4 is my favorite platform for my charts. OANDA doesn't have MT5 available and there are no rumors about MT4 EOL.
At least theoretically, currency futures and spot forex can be used, legally, to collect cross-market arbitrage in the US; and regular currency options can be used, legally, as a cross-market hedge in the US. But it generally requires a lot of capital because every winning setup has a loser built into it.
Statistics: Posted by JohnnyRy β Tue May 21, 2024 12:12 am β Replies 57 β Views 5231
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The PMax (Profit Maximizer) is a modified version of the SuperTrend which adeptly handles inaccurate signals in volatile markets by using a combination of Trailing Stop Loss + SuperTrend. Kvak's MT4 version has now been released & comes with MTF + more: post1295541955.html#p1295541955
Statistics: Posted by Jimmy β Mon May 20, 2024 7:40 pm β Replies 1931 β Views 1667524
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Try.
Thanks for your effort! It works as intended.Statistics: Posted by ujtrader β Mon May 20, 2024 4:53 pm β Replies 1275 β Views 514916
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Heiken Ashi Stochastic Divergences indicator - optimized
Not sure why i am even bothering since there seems to be little interest but anyway, added Wilder's rsi double smoothed ema to the rsi mix.
Amazing work! Thank you MrToolsNot sure why i am even bothering since there seems to be little interest but anyway, added Wilder's rsi double smoothed ema to the rsi mix.
Statistics: Posted by Marco_Sousa β Mon May 20, 2024 4:49 pm β Replies 782 β Views 331218
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(Rus figures from a pro-Ukr ytube channel reporting on telegram channel traffic. Ukr figures from London Telegraph newspaper)
Normally the attacking side can expect higher rates, unless the defending side is actually retreating, which the Ukr troops are, on foot, across open fields, and under constant artillery fire.
Kallas, break Russia into small states. Elensky wants 120 F16s. Putin to visit N Korea. Georgia veto
Ukraine: The F-16s are Useless!
Statistics: Posted by Ogee β Mon May 20, 2024 4:41 pm β Replies 2865 β Views 173946
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Statistics: Posted by Ogee β Mon May 20, 2024 4:24 pm β Replies 50 β Views 2848
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