MetaTrader 5 Upgrades with a Load of New Features
MetaQuotes has announced new features coming to MT5 as part of Build 965. Included in the update are enhanced trading

It’s no secret that MetaQuotes really wants brokers and traders to migrate towards MetaTrader 5. However, most of the major feature upgrades hitting MT5 were also arriving soon after to MT4. Examples are one click trading, trading signals, mobile trading upgrades, and millisecond reporting. On the server side, there are quite a few differences between the two platforms. Perhaps the most important is direct integration to liquidity providers, thus reducing the need for a broker to partner with a third party liquidity bridge provider. However on that front, MetaQuotes launched capabilities for a direct MT4 to MT4 STP solution last year. Without considerable differences for the platforms though, the rationale to launch MT5 has been muted.
Adding to the reasons why traders may prefer MT5 over MT4, MetaQuotes has announced new features coming to the platform as part of Build 965. Included in the update are enhanced trading from chart features, transferring of money between accounts, one-time password, and easier search. With the new Build, MT5 users will be able to enter Stop Losses and Take Profits direct on their charts by dragging lines that indicate open positions. While trading from charts isn’t new, the new feature reduces a step in the process of entering orders.
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Another upgrade is the ability for users controlling numerous accounts on the same trading server to transfer money between the two accounts. This is a feature that many brokers provide via their Client Portals, but it now arrives directly on MT5. Additionally, brokers can process money transfers manually by entering the changes in the MetaTrader Manager or via back office software if it is integrated with their MetaTrader servers. The new feature provides a solution for smaller firms that may not have integrated back office services to handle customer initiated transfers. While for many users, there is little need for using multiple accounts, it is a practice often found by customers using EAs or trading signals, with separate accounts for different strategies.
It will be interesting to see if these features eventually find themselves appearing on MT4, or if MetaQuotes will begin to provide enhancements that are MT5 specific.
(Correction – the article initially related that millisecond reporting was unique to MT5, which in fact had been added in Feb 2014 to MT4)
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Milliseconds were added to MT4 a while ago on build 600 – see http://www.metaquotes.net/en/metatrader4/news/4207
22. Improved accuracy of the time displayed in the client terminal’s Journal – milliseconds have been added.
Milliseconds were added to MT4 a while ago on build 600 – see http://www.metaquotes.net/en/metatrader4/news/4207
22. Improved accuracy of the time displayed in the client terminal’s Journal – milliseconds have been added.
@Aytugen thanks – missed that with all the other coding changes in that build
@Aytugen thanks – missed that with all the other coding changes in that build
…being a little pedantic, the term “millisecond reporting” is imprecise. Journal events are indeed logged in milliseconds, which is already true of MT4 as well. But quote times and order times within the platform are still only accurate to the second, not millisecond. (There would be horrible backward-compatibility issues in changing this.)
…being a little pedantic, the term “millisecond reporting” is imprecise. Journal events are indeed logged in milliseconds, which is already true of MT4 as well. But quote times and order times within the platform are still only accurate to the second, not millisecond. (There would be horrible backward-compatibility issues in changing this.)
Mt4 has already gone through significant changes and t seems like it is being updated with even more features, such as vps hosting, signal copying functions, and DoM features http://forum.mql4.com/63784
I’m surprised you are not covering loss of platform support August 1st for mt4 builds <600: http://forum.mql4.com/63391 Honestly for such a huge upgrade, the change is very quick. I think more time should be given for people to transition over into mt4 600+. It's not asking too much MQ. Smoothness in transition is a virtue.
Mt4 has already gone through significant changes and t seems like it is being updated with even more features, such as vps hosting, signal copying functions, and DoM features http://forum.mql4.com/63784
I’m surprised you are not covering loss of platform support August 1st for mt4 builds <600: http://forum.mql4.com/63391 Honestly for such a huge upgrade, the change is very quick. I think more time should be given for people to transition over into mt4 600+. It's not asking too much MQ. Smoothness in transition is a virtue.