Jump to content
DMT Exchange Blog DMT Cryptocurrency Blog

Best Change



fadydodo

Forex MetaTrader

Recommended Posts

Forex MetaTrader is an online trading platform. The system is designed to provide brokerage services to those in the Forex, CFD (Contract for Difference), and Futures markets. Many companies that offer brokerage services use this platform to provide the brokerage services that traders need in order to participate in financial markets such as the Forex market.

 

Forex MetaTrader was created by MetaQuotes Software Corporation, a Business-To-Business software development company that was established in 2000. It has become known for being a supplier of some of the most reliable software solutions in the world. MetaQuotes is constantly searching for ways to improve their software products in order to achieve the following goals:

 

* Provide the best software

* Provide that software at reasonable prices

* Provide that software and related services at lower life-time cost

* Provide software that is competent and reliable

* Build a solid and long-term partnership with their clients

 

The Forex MetaTrader 4 platform is a full-cycle trading facility that includes front end terminals and back office components. As a result, purchasers of this platform can get their brokerage businesses started with no additional software purchases required. They have everything they need with the MetaTrader 4 platform. This is part of the reason why the MetaTrader 4 platform is the most popular Forex trading platform in the world.

 

The Forex MetaTrader 4 platform can serve over ten thousand traders working with many accounts at the same time on an average machine. The server is able to process many different financial instruments. Its quotes history also goes back a number of years.

 

Some of the most innovative features that make MetaTrader 4 the most popular Forex trading platform in the world include the following features:

 

* Its distributed architecture

* Its automated trading

* Its user friendly interface

* Its convenient mobile trading

* Its range of innovative features

* Its support, which is multi-currency and multi-language

* Its excellent security system

 

The MetaTrader 4 platform's "Application Program Interface" (API) allows it to extend its functionality and integration with any other trading system. Plus, the ready plug-ins are able to facilitate different areas of the platform's operation.

 

The latest release from MetaQuotes is their Forex MetaTrader 5 platform, which is designed to arrange brokerage services in Forex, CFD, Futures, and equity markets. This new platform allows users the ability to execute trades in several financial markets and stock exchanges from one account.

 

Like its predecessors, MetaTrader 5 was created from scratch. It's not just an updated version of MetaTrader 4, but it has new architecture that allows for new possibilities. This includes the ability to trade in equity markets.

 

The success of its MetaTrader 4 platform led MetaQuotes to establish the annual Automated Trading Championship in 2006. This was a resounding success, and further cemented the company as the leader in providing reliable and effective software solutions for companies wanting to offer brokerage services to their clients.

Share this post


Link to post
Share on other sites

One of the best platform and the most used in forex trading. I am sure that many smaller retail traders must be know about this and saying good thing about this platform, one of its good thing is expert advisor and indicators which is easier to attach to platform.

Share this post


Link to post
Share on other sites

I also agree that metatrader is one of the best platform for forex trading, it changes the scenery of this high risk business a lot and guess what it makes many people know about forex and connecting forex more to people who want to trade inside of the interbank.

Share this post


Link to post
Share on other sites

I also agree that metatrader is one of the best platform for forex trading, it changes the scenery of this high risk business a lot and guess what it makes many people know about forex and connecting forex more to people who want to trade inside of the interbank.

There are a lot of alternative for metatrader but from many functions that metatrader has it is the best for overall score and one more thing that metatrader is agnostic platform. It is not propetriary but not for one broker it is for any broker who want to use their service.

Share this post


Link to post
Share on other sites

There are a lot of alternative for metatrader but from many functions that metatrader has it is the best for overall score and one more thing that metatrader is agnostic platform. It is not propetriary but not for one broker it is for any broker who want to use their service.

That is why i stil use metatrader, and beside my broker is using it and how can i use the other platform when metatrader just work and also giving me earning like what i did when i trade. Overall, it's just work and not just work but awesomely giving me profit LOL.

Share this post


Link to post
Share on other sites

Actually there are many replacement including its predecessor which is MT5, but i don't know why people still want to be with MT4. Ctrader seems nice and developed well but overall Metatrader offers what retail traders like me need, from one click trading to robot trading which require some set of define rules.

Share this post


Link to post
Share on other sites

Metatrader become defacto right now it is hard to replace it, as far as i know MT4 is the most popular for sure following by its brother MT5 which i think should be able to replace metatrader 4 but i don't know why it can't until now.

Share this post


Link to post
Share on other sites

You can say that metatrader is the defacto platform for online traders to trade, well there are others that exist but in fact that Metatrader like monopoly the market with a lot of people that use it and its great support for autoamtic trading also easy to install indicators.

Share this post


Link to post
Share on other sites

Yes it is a defacto plaform in online foreign exchange trading, well there are few platforms that trying to compete with metatrader but it seems it wouldn't be so long after it. MetaTrader also offers many feature that make us easy to trade this one helps newbies to overcome the situation, and it supported margin trading.

Share this post


Link to post
Share on other sites

As long as many people stick with it then metatrader will always be the most popular and de facto platform for online forex trading. That is right it has many features to help newbies and not just newbies but for traders who trader who has been spend a lot of time with forex.

Share this post


Link to post
Share on other sites

Talking aboout Metatrader, as we know metatrader divide by 2 version right now first is defacto platform for a lot of brokers around the world MT4. The second one is Mt5 newborn(not really new) but still take slow adoption to many brokers especially since MQL4 has been upgraded to do object oriented programming.

Share this post


Link to post
Share on other sites

It becomes slower compared to MT4 thanks to MQL4 which has been redesigned so people don't have to switch to MQL5 which only own by MT5. MT4 is stable and of course will be better rather than MT5 which is relatively new and has some bugs which maybe doesn't solve by MetaQuote's programmer yet.

Share this post


Link to post
Share on other sites

I've been wondering for quite long time why metatrader is one of the most popular trading platform compared to the other and what i find out is metatrader has nice feature and for the very first reason is easy to use, it is user friendly which doesn't like the other platform which consist of so many buttons that make us confuse what to do with that.

Share this post


Link to post
Share on other sites

I've been wondering for quite long time why metatrader is one of the most popular trading platform compared to the other and what i find out is metatrader has nice feature and for the very first reason is easy to use, it is user friendly which doesn't like the other platform which consist of so many buttons that make us confuse what to do with that.

Easy to use or user friendly, people can make their robot and integrate it to the platform in very easy way, not to mention Metatrader has a lot of indicators especially for their 4th iteration of product. One thing that make metatrader popular is a lot of broker supported it and even created a tailor made for other operating system such as OSX.

Share this post


Link to post
Share on other sites

Easy to use or user friendly, people can make their robot and integrate it to the platform in very easy way, not to mention Metatrader has a lot of indicators especially for their 4th iteration of product. One thing that make metatrader popular is a lot of broker supported it and even created a tailor made for other operating system such as OSX.

It is only because it is useful and user-friendly plus broker from over the world already use it as the main platform for trading, before it wasn't but thanks to big adoption people stick with it for some years and create a lot of useful indicators, not to mention the company also has good support for it.

Share this post


Link to post
Share on other sites

That is why this one is useful because it is user-friendly and also a lot of people still use meta trader because as we know that corporation especially for finance banking is harder to switch to newer generation, just for example atm bank use windows xp as its own operating system which already outdated. Glad that meta trader company still update meta trader.

Share this post


Link to post
Share on other sites

Then many people use this platform isn't it? This is pretty simple to me. Metatrader is one of those good platform out there many people just don't want to taste more because metatrader already give what they are deserve to get, in my own opinion metatrader become de facto platform for foreign exchnage trading thanks to those brokers from regulated to bucketshop

Share this post


Link to post
Share on other sites

So you mean they are stuck with one platform just because that platform in this case metatrader just work? This is like financial business it just works mental. But nothing to be afraid as far as i know some big traders use their own favourite platform, and metatrader in this case is useful for many retail traders while those big one usually use propetriary platform.

Share this post


Link to post
Share on other sites

Yes, they just stuck with it because of just works mental, but actually nothing wrong as long as it is work and also the way that platform works is fair. Metatrader is one of the defacto platform because this platform works well and you can easily trade in foreign exchange without much problem.

Share this post


Link to post
Share on other sites

Yes, they just stuck with it because of just works mental, but actually nothing wrong as long as it is work and also the way that platform works is fair. Metatrader is one of the defacto platform because this platform works well and you can easily trade in foreign exchange without much problem.

Why for someone to have "just work" mental? It is saving time, and also if your proprietary platform proven to be more secure, faster and have more option to deal with foreign exchange trading i think that is not a big deal. Some proprietary platform preferred because of their unique feature which it has and has better performance too.

Share this post


Link to post
Share on other sites

I know but it means you may feel comfortable with what you have now and then don't or reclutant to adapt the new technology that may change or make our trading better. I know we may afraid of the risk but forex itself is risky. By the way meta trader is doing good now, metatrader become successful like now because of its agnostic platform, but i wonder why they don't accept linux and osx yet.

Share this post


Link to post
Share on other sites

I know but it means you may feel comfortable with what you have now and then don't or reclutant to adapt the new technology that may change or make our trading better. I know we may afraid of the risk but forex itself is risky. By the way meta trader is doing good now, metatrader become successful like now because of its agnostic platform, but i wonder why they don't accept linux and osx yet.

But to save the time we need just work, adapting to the new technology is fine but if you spend much more time to install the environment or to make yourself familiar with the data and commands inside of your terminal, will that work? That surely work but consume much of your time and it is not efficient way to change from metatrader terminal to for example ctrader but if ctrader is easy enough then metatrader would be left alone.

Share this post


Link to post
Share on other sites

So you mean we are saving the time by doing something like that? If that is the case i don't have any disagreement and nothing to argue with you. Yes, the movement cost a lot and someone need to remind it, if they must switch from one platform to the other make sure that the next platform is better in long term and has less pain cost to switch.

Share this post


Link to post
Share on other sites

Meta trader so far is the best platform, not just because of its performance and because it is easy to use but because it is platform agnostic. Any kind of broker could use it and even modify if they have an agreement with meta trader. To create Expert Advisor is also easy here and the indicator is plentiful so people don't have much worry about technical analysis.

Share this post


Link to post
Share on other sites

Unfortunately Metatrader is the leader or leading platform in foreign exchange cases. The market is pretty much bending towards them, but some proprietary solution from other brokers are good enough and usually have better performance than MT4 or MT5. One MT best thing is that this platform agnostic enough.

Share this post


Link to post
Share on other sites

Unfortunately Metatrader is the leader or leading platform in foreign exchange cases. The market is pretty much bending towards them, but some proprietary solution from other brokers are good enough and usually have better performance than MT4 or MT5. One MT best thing is that this platform agnostic enough.

In fact this platform is a reallly agnostic one, the company metaquote created this platform for that purpose and as you can it is the most popular, but talking about the performance well it is not that great, but still more than just "acceptable", it also had a lot of improvement so far which make it more stable and more reliable than before.

Share this post


Link to post
Share on other sites

There are other  trading platforms which are trying to come close to meta trader 4 but they can not. Even meta trader 5 has not been able to come close to meta trader 4. It has so vast resources and supporters for it.

Share this post


Link to post
Share on other sites

There are other  trading platforms which are trying to come close to meta trader 4 but they can not. Even meta trader 5 has not been able to come close to meta trader 4. It has so vast resources and supporters for it.

MetaTrader 4 is best of the best right now, my prediction about mt5 seems wrong. I do wonder what that meta quotes did wrong with MetaTrader 5. All I can see that MetaTrader 4 is consuming less power yet stable and rich in feature. Make it gains more popularity for all kind of traders around the world.

Share this post


Link to post
Share on other sites

MetaTrader 4 is best of the best right now, my prediction about mt5 seems wrong. I do wonder what that meta quotes did wrong with MetaTrader 5. All I can see that MetaTrader 4 is consuming less power yet stable and rich in feature. Make it gains more popularity for all kind of traders around the world.

 

MetaQuotes changed the MQL language. Meta trader 4 scripts, indicators and expert advisors does not work on meta trader 5. If a trader wants anything particular from the above he has to code it again. That's just one disadvantage.

Share this post


Link to post
Share on other sites

That is one big disadvantage, there is converter if i don't make any mistake about it but I don't know how useful that tools for traders.  MQL4 supported OOP like paradigm which makes it more similar to MQL5 thus rendering MQL5 obsolete and as we can see MT5 adoption rate is low while MT4 still as big as ever.

Share this post


Link to post
Share on other sites

If that converter work then it should bring the different atmosphere to metatrader 5 but in fact we can see that metatrader doesn't have many shares let alone beat the predecessor which is metatrader 4. FIFO is also another problem since not all traders live in US and FIFO really a big hassle for traditional hedging we know.

Share this post


Link to post
Share on other sites

That is one big disadvantage, there is converter if i don't make any mistake about it but I don't know how useful that tools for traders.  MQL4 supported OOP like paradigm which makes it more similar to MQL5 thus rendering MQL5 obsolete and as we can see MT5 adoption rate is low while MT4 still as big as ever.

 

I can not say much about coding because I have limited knowledge on it. But those converters does not work with all indicators as far as I know. The disadvantage remains. Unless metaquotes do something about it, I am not sure if MT5 will surpass MT4 anytime soon.

Share this post


Link to post
Share on other sites

Converter as far as i know doesn't work for 100%, there will be bug or one or two indicators which output is not satisfying. The best way to make MT4 indicators to work as good as Mt5 is by doing it from scratch or through binary compatible coding. Overall i think that forex meta trader is easy to use which become its main point.

Share this post


Link to post
Share on other sites

In my opinion lite forex is the best choice for trading currencies. Reliable regulation, comfortable conditions and stable software, what else one could desire from a broker. They do not hamper trading and always withdraw without delays.

Share this post


Link to post
Share on other sites

There are other  trading platforms which are trying to come close to meta trader 4 but they can not. Even meta trader 5 has not been able to come close to meta trader 4. It has so vast resources and supporters for it.

 

Metatrader 5 will be number 2 forever for good. They need something to change this but i think for now with MT4 alone people already take the scene of online foreign exchange, it is agnostic based platform and used by a lot of brokers around the world and of course have a lot of costumers.

 

Share this post


Link to post
Share on other sites

But what they can do? MT4 is good as it is and even able to compete with MT5 in many factors. MT4 just need to find some bugs and fix it that's what they do. Well, do you know that finance companies need more of the stability compared to innovation? MT4 just works and stable platform make it easier for financial institution such as fx brokers.

 

Metatrader 5 will be number 2 forever for good. They need something to change this but i think for now with MT4 alone people already take the scene of online foreign exchange, it is agnostic based platform and used by a lot of brokers around the world and of course have a lot of costumers.
 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...