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Re: MT4 Longivity & MT5 Adoption

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. Let’s 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 MT4’s 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 trader’s 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