Exclusive: MetaQuotes Emphasizing MT5 Development, as MT4 ‘Slowly Dying Out’
MT5 has become the paramount focus of MetaQuotes as the group looks to phase out the widely utilized MT4.
MetaQuotes outlined the genesis of its platform development, which is focused on its newer iteration, MetaTrader5 (MT5). The group’s past success with its existing product suite led by MT4, is slowly shifting into the company’s new prime product. Earlier this year, the company introduced hedging, which has been a game changing functionality for many traders.
The company has been facing a unique struggle, given the traction MetaTrader4 (MT4) currently has – the platform is largely the paramount choice amongst brokers. According to Anthony Papaevagorou, Head of Sales at MetaQuotes, in a recent presentation at the Finance Magnates London Summit: “MT5 was previously struggling to keep up with MT4 and our other offerings, our problem is that we are victims of our own success.”
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Indeed, MT5 has thus far failed to achieve the same market penetration as its more dated counterpart, though this has not stopped MetaQuotes from doubling its efforts to push MT5 adoption. Whereas past sales growth was almost exclusively relegated to MT4 on a sustained basis, since July 2016, MT5 has constituted the vast majority of the company’s product growth, far outperforming MT4 for the first time.
Additionally, MetaQuotes fortified its stance on the MT5 platform, which it intends to focus on more extensively moving forward. “We do not expect to see any developments to come out of MT4 ever again. Given this, MT4 is slowly dying out,” Papaevagorou added.
We do not expect to see any developments to come out of MT4 ever again
Looking ahead, MetaQuotes also unveiled a composite of new updates to MT5 as it looks to ultimately phase out MT4.
Why didn’t MQ allow importing of MQL4 or EX4 into mt5? In other words, at least allow compiled ex4 files to run in mt5? It would be easy for MQ to have user/broker configurable if/then handlers to compensate for the differences between mt4 and mt5. If users could port their strategies into mt5 without any worries, mt5 would have gained a lot more traction a lot faster. Not sure why MQ doesn’t just give away mt5 license for free or very cheap for 6-18 months for existing mt4 brokers to give them a chance to market it to their clients… Read more »
Ok so basically the the growth of revenues from mt5 is now higher than mt4, but what about the percentage of revenues generated by mt4 and mt5?
Maybe mt5 can really take the place of mt4, but definitely it is a big risk to end with mt4…
No, MQ never specifically mentions too many details about mt4 total revenues vs mt5 total revenues. Just take a look at what most of the major and prime of prime brokers are offering as of today: MT4 (four)
Yes, the bridge providers are preparing for mt5. But mt4 still has at least 2-3 years left…..probably more if MQ pulls its head out of its dark spot.
Windows 10 = MT5.
Windows 7 = MT4.
Most people still prefer and USE Windows 7.
Even if no new updates exist for MT4, many people have bought thousands of USD in scripts, EAs, indicators, etc. and having to repurchase is just plain WRONG!!!!
MT4 runs on Win10 as far as I know. It should run on win 2016 server as well.
I don’t think MQ will completely stop developing for mt4. But really there isn’t much more they can do except to improve the tester a bit and release security updates as needed.
Many indicators and EAs cannot be repurchased because the companies no longer exist or the programmers have moved away from forex coding. I know that is true in my case. I still do my best to support old customers without additional cost to them however many programmers and companies do not. I also continue to support my local forex club but have no plans to continue in the online community.
Looking at the image above, MT5 has out paces MT4 for about three months, big deal.
Hardly appropriate to call it the beginning of upside.
Outpaced MT4? Are these new sales or existing sales? Can anyone list 5 brokers Prime of Prime brokers who offer mt5? Or broker who uses PoP?
basic charts with basic indicators you can get anywhere there is a reason that mt4 and ninja trader are at the head of the pack concerning platforms, they may want traders to use mt5 but most brokers offer both and the majority of traders choose mt4. their revenues are not going to increase long term if they try and force the loyalists to something they don’t want
As a programmer of MT4 since 2005 as well as a C compiler designer in the 80’s I see this as a shot in the foot. It would be easy to add a simple file extension check for MT4 vs MT5 and even continue to fully support MT4 code. Many traders have spent thousands of dollars to have a system automated or for custom indicators. By no longer supporting these traders, it becomes clear that Metaquotes does not care about the end user. I do not want to go through yet another learning curve to discover new bugs that will… Read more »
uknow, Russians could be crazy when talking but when it goes about money
and Metaquotes survival at the market
they are becoming reasonable again.
imho
mt5 efforts will bring solid bridge that allow port mt4 code to mt5
That is the problem. At this time there is no easy port of MT4 code to MT5. I have had to modify code for indicators and expert advisers that stopped working and the only change required was to use OnTick instead of the standard start function. Even a change of the code to OnStart did not work. It would have made more sense to open a thread in one of the major forex forums and ask the programming community what they would like to see in the platform. I have been involved in the computer industry since the mid 70’s… Read more »