When is the new version of MT5 and where do you find out what's expected in it? - page 7

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And what happens if, a new, fresh kitchen, gets a metaquota waiver, to buy an MT4? What will they choose?
 
Ghenadie Tumco:
And what will happen if, a new, fresh kitchen, gets a rejection of metaquotes, to buy MT4? What will they choose?

MT5. But they will have fewer new clients than those with MT4, less turnover. Their business will be weaker and more likely to go bust, along with your money.

Only when traders will switch to MT5 in droves themselves - then we can talk about closing MT4 servers. This is business.

 
elibrarius:
MT5. But they will have fewer new clients than those with MT4. Their business will be weaker and there is a higher chance of going bust, along with your money.
So you think that someone will give up trading, just because brokers do not offer MT4?)
 
Ghenadie Tumco:
So you think that someone will give up trading just because brokers do not offer MT4?)

Not everyone can program in order to transfer their TS to MT5. So, some will give up (although most likely they will go to those brokers who have MT4), if it is more of a hobby for them. But professionals will either rewrite them or order rewriting of their EAs.

There are probably dozens of thousands of Expert Advisors and indicators. To rewrite them all, you need hundreds of thousands of man-hours of programmers' work. If all MT4 servers are shut down tomorrow, there will be a huge drop in turnovers and in the whole brokerage business. They will not allow such a loss. Everything will go smoothly, if at all! Only the real benefits of MT5 (which in my opinion have now emerged) will lead to independent migration of traders to MT5. And then if there is no demand, brokers will close MT4 servers themselves.

 

Hypothetically... That's it, no more MT4...

What happens to those who have a TS or EA in MT4?
1: Will they quit trading?
2: Will he order or write his own TS or Expert Advisor for another platform? Which one?

3: Will order or write his own TS or advisor for MT5?

What will happen to Brokers who have MT4?
1: Will they close their business?
2: Will they buy a licence for another platform? Which one?
3: Will they buy a licence for MT5?
 
Ghenadie Tumco:

Hypothetically... That's it, no more MT4...

What happens to those who have a TS or EA in MT4?
1: Will they quit trading?
2: Will he order or write his own TS or Expert Advisor for another platform? Which one?

3: Will order or write his own TS or advisor for MT5?

What will happen to Brokers who have MT4?
1: Will they close their business?
2: Will they buy a license for another platform? Which one?
3: Will they buy a license for MT5?

Everyone will act in whatever way is more profitable/profitable.

1) If the TS is not very profitable, and its rewriting will cost money, then the TS and the trade in general can be abandoned. If it is profitable, it will cost money and time to rewrite it.

2) 3) The path of least resistance - MT5 (because of similarity of languages)

On brokers:

1) No of course, but the dip in turnover and profits will be huge. Risk of bankruptcy will increase together with traders' money, because some traders will withdraw their funds and either quit trading or go to another broker.

2) 3) The path of least resistance - MT5 (because of the similarity of languages).

If the official support for MT4 will be discontinued, then brokerage companies will find a skilled person who will be able to maintain it by themselves and everyone who got used to MT4 will go to them together with their money.

 

Hedging test:

//+------------------------------------------------------------------+
//|                                                   BUYandSELL.mq5 |
//|                              Copyright © 2016, Vladimir Karputov |
//|                                           http://wmua.ru/slesar/ |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2016, Vladimir Karputov"
#property link      "http://wmua.ru/slesar/"
#property version   "1.00"
#include <Trade\Trade.mqh>
//---
CTrade trade;
//+------------------------------------------------------------------+
//| Expert initialization function                                   |
//+------------------------------------------------------------------+
int OnInit()
  {
//---
   trade.Buy(0.01);
   Sleep(10000);
   trade.Sell(0.01);
   Sleep(10000);
//---
   return(INIT_SUCCEEDED);
  }
//+------------------------------------------------------------------+
//| Expert deinitialization function                                 |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
  {
//---

  }
//+------------------------------------------------------------------+
//| Expert tick function                                             |
//+------------------------------------------------------------------+
void OnTick()
  {
//---

  }
//+------------------------------------------------------------------+

and the result in the terminal:

hedging

Warning: in order to test trading with hedging you need to

Files:
BUYandSELL.mq5  2 kb
 
Anatoli Kazharski:

... does it make sense to support MetaTrader 4 at all ?

P.S. This was the only and main stumbling block in the mass migration of users to MetaTrader 5. Now this reason is solved.

Oh no, it is only at first glance. For starters, you have to frisk the hedge system for working with magicians. If the MT4 is fully repeatable, cool, if not, bummer.

And then there is the possibility of customization of history and a lot of details that are remembered but not immediately.

But the step is of course grandiose.

 
Karputov Vladimir:

Hedging test:

and the result in the terminal:

You can trade without hedging - just close the position and then open it when you need to. And an added advantage - from a closed position you do not pay swaps, and from 2 opposite positions - you pay swaps for each of them.
 
Ghenadie Tumco:

Hypothetically... That's it, no more MT4...

What happens to those who have a TS or EA in MT4?
1: Will they quit trading?
2: Will he order or write his own TS or Expert Advisor for another platform? Which one?

3: Will order or write his own TS or advisor for MT5?

What will happen to Brokers who have MT4?
1: Will they close their business?
2: Will they buy a license for another platform? Which one?
3: Will they buy a license for MT5?

Nothing will happen. Updates will stop coming. That's all. Even less hassle. It will work forever until there are no customers.

Let's say my terminal (which I use) has not been supported since 2013. I continue to work in peace, and find it more convenient and functional than the new one. Besides, everything is already done for it. And I am lazy and inattentive.

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