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MetaTrader 5
5 most useful advantages of mql5 ,mql4 vs mql5
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[QUOTE="Ник-Ник, post: 92667, member: 34238"] [CENTER][B]Meta Trader: Golden Carriage for Binary Options[/B][/CENTER] Binary options (BO) trade is a relatively new service in the market of on line services, it appeared only a few years ago, and immediately caused a lively debate. Someone finds them amusing entertainment, such as computer games, someone calls them casino and scams, and someone sees them as an opportunity to significantly improve their financial situation. The discussion in this material will be for the latter and about the latter. But first of all I should say that, as a form of income, BO are absolutely transparent - you bet $ 100, make a forecast that, say, in five minutes, the Euro will grow against the dollar, and you can go for a smoke break (although better not, smoking is harmful). And after these few minutes, if the rate has really grown up, your $100, as if by magic, turn into $175. Isn't it great? Absolutely, except for the fact that your prediction may be wrong, and then the end will be sadder than even in the Cinderella fairy tale. It is in the fairy tale that at the appointed time (when trading BO it is called expiration time) the carriage turned into a pumpkin, here your hundred will just evaporate without a trace. But, in any case,everything is fair - you know in advance what the prize will be in case of winning, and the correctness of quotes can be easily verified by consulting with quotes from other brokers. Although allof it looks pretty much the same as a roulette table - red or black, even or odd, with only one, but very serious, exception - all the methods of technical and fundamental analysis are applicable to the BO trade, which strongly unites it with Forex. Just as is the case with Forex, a lot of different trading platforms are designed for binary options. And now, according to the rumours that I heard, the company MetaQuotes, which has produced the most popular platform Meta Trader, is thinking about enriching their favourite child - the MT5 platform with a function that will allow to trade binary options! I would not like to do any advertising for anyone, so I'll just focus on the benefits of MT5 (observable and unobservable), which - in my opinion only! - turn the platform into an effective tool for earnings using BO. The first of them - is the fact that the platform not only allows the use of everything that has been developed in MQL5 language for technical analysis, but also a transfer of binary options trade to a fully automatic mode with the help of robots-advisers, signals copying systems and other joys that have been brought to us by scientific and technical progress. I heard some criticisms, such as (I quote): «Meta Trader is not well suited for working with binary options, as it was not designed to do this: the quotes there look very much global (large-scaled and stretched over time). And it is a strictly limited time expiration that is important for binary options." What can I say? Yes, that everything is the same as with Forex. Expiration time (option execution) usually starts from 1 minute, and then 5, 15, 30, 1 hour, 4 hours ... Doesn't this resemble anything to you? These are standard time frames! Therefore the BO trading strategies often resemble the Forex ones from scalping on minutes to thoughtful four-hour chart analysis. And for those who love super-delights and super-precision, MT5 offers about 20 different time frames. There are M2 and M3, M4 and M6, M12, H2, H3, H6 ... I do not know why and who needs it, but if someone does, MT5 has it! Returning to BO, I can say that, regardless of the time frame, it is possible to make money here times faster than in the Forex market - because your income does not depend on how many points the price will pass,1or 100, its any tiny step brings you a fixed income. The only thing I would not recommend to anyone, is to get involved with super-scalping but to take advantage of technical analysis at intervals of 5 minutes and higher, it will be a winning strategy for binary options . Another objection to the use of Meta Trader for BO trading, which I had a chance to hear, was the fact that tools list for binary options trading is much broader than the classic set of currencies in these platforms. Indeed, I personally have not seen price quotes for cocoa beans. rubber or tobacco in this platform, but, in all honesty, do you need them? Are not a few dozen other tools sufficient? Moreover, according to statistics, in real life an experienced trader uses a maximum of 4-5 trading tools. The MT5 platform, remember, allows you to trade on multiple marketsfrom a single account: Forex, stock market, deals in futures and contracts for difference. And if the rumours are true, all this will soon be joined by BO! Now, having discussed criticisms and being a fanatical supporter of algo trading, I would like to remind you of two useful functions that Meta Trader contains: - Opening the tab "Market" at the bottom of your trading terminal, you get the opportunity to buy or download free advisors and indicators not only for Forex, but for binary options trading; - And through the window "Help - MQL5 community - MQL5 Jobs" traders who wish to cast their trading ideas and strategies into ready indicators and experts, open the way to more than 500 professional programmers, they will help you quickly and accurately translate these ideas into reality. If we add about 80 technical analysis toolsto the above, I am sure that such arguments will convince most sceptics, and even they will agree that using the Meta Trader is possible to make the golden carriage never turn into a pumpkin, no matter what expiration time is. In the meantime ...there are still two monitors in front of me. One shows a terminal for BO trading. The other has MT5, giving me signals for opening transactions. What can I say? It is working! [ATTACH=full]5809[/ATTACH] [/QUOTE]
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