MetaQuotes CEO Calls On MT4 Traders to Switch to MT5
Enabling hedging came after years of demand and the firm expects it will encourage more brokers to adopt MT5.
MetaQuotes Software Corp. today released a new version of its MetaTrader 5 platform, now offering an hedging option as we reported in March. The firm’s head used the opportunity to call upon the many users of its MT4 platform to make the switch.
“Why use two platforms, when you can access all the required functionality in one of them?” said Renat Fatkhullin, CEO of MetaQuotes Software Corp. “MetaTrader 5 is not just a multi-asset platform, now it offers specific features for different financial markets. The netting trading system is available for exchange traders, while forex traders can use the familiar hedging mode.”
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The introduction of the hedging option came after years of popular demand from traders and the firm expects that it will encourage many more MT4 brokers adopt MetaTrader 5.
The new MT5 platform version (build 1325) also features a more convenient user guide with less text but more illustrations, explanatory diagrams, interactive images, and videos. It additionally allows for testing trading robots and technical indicators using real tick history, increasing the accuracy of reports on Expert Advisor (EA) testing and optimization. Another innovation in MT5 is the built-in chat, which allows discussing financial news and trading strategies with other traders straight from the platform.
– how can mt5 allow real tick history backtesting? The platform does not support direct import of data – can mt5 support ex4 files? the metaeditor compiler is supposed to work on mql4 and mql5 to compile both. mt5 could allow ex4 files to run, this would be a HUGE step in mql4 adoption. That would require mt5 to support mql4 functions. – can mt5 use a smaller memory footprint than mt4? MQ has invested heavily in mt5 development but seems to lack understanding as to what real traders desire. Stable platform with ability of buy/sell automation. Large pool of… Read more »
Considering how long it takes MQ to offer hedging, Web Traders and so on, it should only encourage more brokers to adopt platforms from other vendors.
ECO will soon call the MT4 and MT5 traders to upgrade to VisualStation.
The more he pushes for this switch the better for alternative technology providers. Traders don’t want MT5 and I think they proved it beyond any doubts