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MetaTrader 5
5 most useful advantages of mql5 ,mql4 vs mql5
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[QUOTE="Ник-Ник, post: 98642, member: 34238"] [B]MT4 and MT5: Is the Best the Enemy or the Friend of the Good?[/B] I have been dealing with Forex for a long time - starting from those "grey" times when it just started, with the use of Internet, to actively interfere in the life of an ordinary person. That was around 2008. Initially I tried a number of trading platforms with different brokers, and did so until the moment when the fate brought me to know MetaTrader. I will not prevaricate, but it is thanks to this platform, that I abruptly changed my life, surrendering to Forex with my body and soul. I literally fell in love with the MT4, having learnt it upside down and, like any lover, could not find a slightest flaw in it. And here came a terrible thing... I remember that fateful 2010, when it appeared on the horizon, MT5, the rival! I know that millions of MT4 fans worldwide faced a choice, where to give their heart - to the same reliable and proven companion, which they had for many years, or to a young, modern, and, as instructions stated, more nimble rival? Frankly, I myself still have not solved this dilemma and therefore decided to collect and systematize the opinions of traders in the various forums, who turned out to be many. So, here are some quotes: 1. "A more convenient opportunity to switch the timeframes, it is not necessary to download any scripts and mumble with the minutes settings. I am very pleased with the 12 hours frames." In addition, I should note that there are 21 timeframes available in the MT5. 2. "Transition of the interface from one language to another." I, for example, have Windows in English. And when I try to translate the interface of MT4 terminal into Russian using the Languages function, there appears a meaningless set of characters instead of words. In the MT5, the same function works flawlessly. 3. "In addition to a modern design and pretty :) buttons there appear additional graphical objects that the user can place on the graph." Moreover, the terminal MT5 allows you to open up to 100 charts simultaneously. 4. "There came Depth of Market, which displays information about applications for the purchase and sale of a financial instrument". As developers write: "MetaTrader 5 platform is designed to give the ability to trade stocks, futures, options and other exchange-traded instruments in real markets. Therefore, Depth of Market is available both for symbols that are traded in the stock exchange during run-time, and for non-exchange symbols. For stock symbols, Depth of Market displays real prices and the volume of trade orders. The Depth for OTC instruments is a scalping tool which allows one-click market and pending orders." We will talk separately in more detail as to how to use this Depth of Market, in the near future. In the meantime, let us say that one more built-in function of MT5 - "Symbols" - is intended to facilitate such trade. This issue will also be useful and interesting as after MT5, the Depth of Market appeared on MT4 as well. 5. "The new MQL5 programming language used in MT5 has become much faster than the MQL4. That is why the MT5 is preferred for the automated analysis systems and / or trade. In MQL4, the robot worked by tick, in MQL5, there appeared events: the timer, at any trade action, changing the user's depth of market, with action on the chart. "In connection with what has just been said, setting a particular indicator, script or Expert Advisor to the terminal, traders should definitely pay attention to which of the platforms - MT4 or MT5 - it has been written. 6. "In MT5 there is a very handy thing - the news release time is shown directly on the chart, ie there is no need to look every once and again to the calendar." 7. "The MT5 has a very big advantage - it is the tester, there the testing speed is much higher, plus the ability to test the scalping, plus the ability to test the multi-advisors on several currency pairs." There can also be noted that a tester supports multiple processors (not only its own, but also a local network of computers) for optimization strategies. We will also discuss the ways to use it in a separate article. 8. "There are practically no indicators or expert advisors for MT5." Here I beg to differ - open the tab "Market" in the terminal and see how many products there are in its "Navigator" - hundreds! Of course, they are not so many as for the MT4, but note that the MT5 is twice younger than its rival. 9. And finally, the last point, which was the cause of many of the fiercest disputes. Of course, it is automatic merging of several orders on one instrument into one general position, and as a consequence, inability to put "locks", opening opposite orders. In other words, if in MT4 each order exists on its own, in the MT5 all open orders are accumulated into one. For those who are accustomed to use counter-positions, grid advisors or Ilan type advisors, this causes a permanent displeasure. Although, in my opinion, there is a very simple way out: two trading accounts and two terminals - at the first one buy positions are averaged, on the other - the sell ones. But that's not all! According to unconfirmed rumours, which have reached me from very reliable and authoritative sources, the possibility of hedging (opening countervailing transactions in the same instrument) will be available soon on MT5 as well. Meanwhile, intensive work in this direction is going on in the MetaQuotes. What is it? Is it beginning of the end of the MT4 era? Probably yes. At least, I have downloaded the "five" on my computer and I study it thoroughly, as it is awkward to drag at the tail of progress. [ATTACH=full]6996[/ATTACH] [/QUOTE]
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