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Mt4 and mt5 - what to choose?

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MT4 and MT5 - what to choose?


Loki (lock - lock), ie opposite positions are not used in MT5. This is the norm for a professional platform, for example, to trade stocks. If you can not live without locks, then there is a solution - open 2 accounts in MT5 and trade only to buy one and only for sale on the second. Disadvantage: need additional funds, but the pledge at the opening of the opposing positions are not reduced, as in the case of MT4.

 By the way, the good old MT4 remains. Just MT5 (MetaTrader 5) will be its good alternative. For version 4 has lots of scripts, advisers, etc., while the 5th will allow to develop the program itself, improving and modifying it are for the convenience of traders.

Traders working on MT5, will be able to trade not only in currency pairs, but also on stocks, futures and other exchange-traded instruments.

Position, TF interface and MT5


In MT4 we could open multiple orders at different levels on one instrument. In MT5 we can do as well, but the transaction will go in one position, the trader and see in the trade window.


There was a glass of prices, which has shown, not all brokers.


The interface as a whole has remained the same, all icons and icons in place. But the number of timeframes increased significantly: from new M2-3-4-6-10-12-20, N2-3-6-8-12. For every taste, as they say.

Another pleasant innovation - the ability to control the position with the aid of an ordinary mouse, namely the levels of SL and TP. Also traders will appreciate the built-in terminal economic calendar.


You can enter the position by making a mouse click. Undoubtedly, fans quickly make a deal will appreciate it.


Quotes History is now stored only in M1 format. Subject quotations extensive, so we will not touch it.

Strategy tester in MT5


Built-in strategy tester in MT4 was comfortable, but the new version it is even better, more flexible, more powerful. You can call it the best achievements in the new terminal. Tester allows you to test a trading strategy (advisor) on several currency pairs at the same time! Also, due to the effect of multiple cores can do tests using multiple computers. This will speed up the process of testing and optimization, even if your trading system is complex. In other words, we got a remote testing involving multiple computers. This allows for a maximum capacity of a machine and get a significant boost in speed.

Unique new features introduced in the creation of MT5 advisors (robots) with the help of a generator of trading strategies. To create a simple EA enough to determine the module of trade signals, trailing stop and money management, after which they are connected to the new adviser. This occurs at the stage of code generation "Master MQL5".

In stock ready library bodied robot that comes with the terminal. Generation Wizard will help make the process of creating a simple and comfortable advisor.

Summary
MetaTrader 5 is now expected step of software development for trading. Comfortable, with lots of new features that are not fully implemented, but potentially very promising - it seems so to us, and the new terminal.

Despite some flaws like a new programming language (MQL5 instead MQL4) and exotic timeframes, the product turned out good and interesting. We hope that in the near future will include foreign exchange brokers MT5 in its functionality, and the trader will be able to choose what is best - good old MT4 or fancy fashion MT5. Or maybe use both? It is not a substitute for MetaTrader 4, and supplementing and developing his ideas alone product.
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