MetaQuotes has updated the MetaTrader 5 (MT5) trading platform and intends to release the beta version on Friday. The version comes with features, such as an artificial intelligence-powered coding assistant, the ability to book or cancel orders and enhanced support for Open Neural Network Exchange (ONNX) machine learning models.

The updates are to be released under the version tagged as MetaTrader 5 platform beta build 3770. The final build of the new version of the platform will be released after the public beta test, MetaQuotes said.

The forex trading technology provider disclosed the development on Thursday, noting that it introduced the coding assistant through integration with Copilot, an AI-powered coding assistant that helps developers write code faster and more efficiently. The assistant works in the newer version of MetaEditor which works for creating, editing and compiling scripts in the MQL4 and MQL5 programming languages developed by MetaQuotes.

“You can write a trading idea in a natural language, and Copilot will offer its MQL5 implementation,” MetaQuotes said in a post on its forum.

MetaQuotes Unveils More Features

Explaining the order features, MetaQuotes noted that Book or Cancel Orders (BOC) feature means that orders can only be placed in the Depth of Market, which is a tool that displays the current state of the order book for a particular financial instrument.

“BOC is used to implement passive trading: it is guaranteed that the order cannot be executed immediately when placed and thus it does not affect current liquidity,” MetaQuotes said.

On ONNX models, the technology provider noted that the beta version offers significantly improved support for operations with machine learning models based on the Facebook and Microsoft-developed open-source format for representing deep learning models.

“These models can be opened directly in MetaEditor through the built-in viewer or through the specialized Netron viewer,” MetaQuotes added.

In addition, MetaQuotes noted that the updated web terminal of the beta version displays balance transactions and totals in the history section and is available in 24 languages. On top of these, the MT5 beta comes with extra features, such as an improved market security system, fixed display errors in the two-factor authentication dialogue and fixed trading report creation errors.

MetaQuotes Returns to App Store

MetaQuotes' planned launch of a beta version of its MT5 trading platform comes over three months after the firm returned to the Apple App Store with a messaging app for financial news and analytics. In September last year, the forex technology provider’s MetaTrader 4 and 5 trading platforms were pulled from the App Store, creating ‘much irritation’ for the industry.

A month after it was delisted, MetaQuotes launched a new MT5 web terminal for its clients, noting that traders “can fully manage their trading accounts using a mobile device.”

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