What's new in MetaTrader 4 and MQL4 - big changes on the way - page 24
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Ah, well, of course, that's the method of drawing conclusions from analogies. Why think and evaluate when you can find something similar.
It was a joke.
In my opinion, it was more promising to give MT5 features from MT4 than to refine MT4.
Renat:
This has been discussed and explained a hundred times, why it's not solved by ticking and what is pure architecture and why it can't be broken.
I have a tried and tested strategy that allows me to break lots profitably and it is not a martin. And if the opposite order closes, I lose all my profit. I'm speaking hyperbolically about the jumps. Unfortunately, my strategy does not allow me to trade a cumulative position.
You cannot use two different accounts? It's already clear that we will be done with lots.
It follows from 2) that MT5's share of forex is small and unlikely to grow after MT4 is upgraded. The point of supporting MT5 for forex separately from MT4 then becomes unclear.
1.If in MT4 I open two opposite orders next to each other, and a pullback occurs, I will earn on two orders.
If I open two opposite orders in MT5, all of them will be closed, and I will not earn anything by the pullback.
Renat, prove to me that these statements are equivalent and I'll go straight to the A's.
1) KEYWORD !!! If
( on one of them you will make profit - on the second you may go in the red - so much profit on the first order - in general, it would be better to make a stop on the second order at this point)
2) In MT5, two opposing orders can only be pending and if both work, you will make a profit :-)
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1) open two accounts, one for buy and one for sell, trade for a year.
2) Open an account and trade only in one direction, in the direction of the trend, for a year.
3) After one year - compare results.
What about two different accounts? It's obvious by now that the lokas will be done away with.
Repost from my post
Dear Renat!
Due to certain circumstances, I have great respect for the activities of the Metakwots.
As I see it below the following constructive criticism, if accepted, could fundamentally improve Metakvot's position in the world market.
Of course, the changes you propose will allow you to market your product more intensively. But these changes to converge 4 to 5, like the development of 5 itself, do not carry qualitative changes to your company's product, nor are they aimed at attracting qualitatively different consumers, of which there are many times more than the current ones.
Criticism from a former professional institutional trader and now a professional private trader.
Like any market product, the trading terminal has its consumer, which I will divide into two categories: a trader and a broker.
I will divide traders into two quantitatively different categories in terms of money and numbers. Professional: basic money, quantitatively just over 1000 on the MICEX. Non-professional: funny money and around 200,000 people on the MICEX. This does not include the forex market.
Both categories of traders are not interested in everything that is discussed here, because it is obvious that the improvement of the algorithmic component of the trading terminal (languages) has very little effect on the success of trading. Professional traders have the opportunity to use professional programming languages in the hands of professional programmers. And non-professional traders do not understand or need many of your improvements. Usually the trader, programming TS by himself, accumulates a certain set of templates, and then uses it for years, because the main problems are not algorithmic, but others.
You, Renat, are constantly discussing the terminal mainly with a very narrow circle of people - programmers, who, strictly speaking as such, are not consumers of your product. Therefore, your tool for solving the trader's basic problem of "poses" is not discussed.
If we look at the terminal from a trader's point of view, then to solve the trader's main problem "entering - leaving a position", there are no fundamental new suggestions from Metakvot for many years. Still the same TA, set of indicators.....
So the circle of your clients is 99% non-professional traders and a few hundred programmers possibly trading in the market.
But there are many thousands of professional institutional and millions of professional private traders in the world. Their number is constantly growing and they are regularly graduated from universities, even in Russia. They are traders who know mathematical statistics (econometrics) and also algorithmic languages.
Suggestions.
A qualitatively new product may be obtained as follows.
I do not discuss the brokerage part of the terminal.
1. You may develop a full superficial analogue of the existing terminal using R. R is distributed free of charge, it is supported, has many localizations, has a great number of publications, textbooks, conferences ....... And most importantly, it has millions of users. As the result we will have three seemingly identical terminals.
2. Make the code of this terminal open, closing the module of interaction with the broker. In R it is very easy to do, as a C program may simply be a part of R and completely hidden from the user.
3. the terminal, being a library - package, in R terminology, is one of thousands of R packages, as a result of which:
a) possibility to use very advanced algorithmic language of R (more advanced than MQL5 in my opinion, but it's not a matter of principle).
b) we get a completely natural access to a huge number of libraries for trader's tools, including those on time series, econometrics, finance, general mathematics.
c) Access to databases, other software systems (like Matlab), free use of C in R code, parallel computing, build testing based on bootstrap and resampling, debugging, ready-made code editors .... It is impossible to list everything.
d) open source code will allow for those wishing to use the rich graphics facilities of R.
4. We get free and constant advertising of the Metakvot product among millions of R users. Especially consider the rapid growth of R's popularity and its use as a standard in trading. Now I am not aware of the proposed terminal. Should I write my proposed terminal, Metacquotes could claim its terminal as a standard. Especially when you consider the MT4 and MT5 terminals that exist and are used quite extensively.
In the end Metakvots gets a new market with free worldwide advertising. A qualitatively new sales market. Including professional brokers. I concede that paid applications could be developed as add-ons to such a free terminal.
I would like to add.
All the progress being discussed here does not answer the simple question: by how much will my profit as a trader increase from switching to MT5? By how much will my profit as a trader increase due to improvements of MT4?
The answer is: Probably not at all!
The profit will increase for some clever programmers who try to find here programming orders. The complication of the tool will increase the number of clients for them. Does Metquot need this? I highly doubt it. It seems to me that Metquotes needs an increase in the number of traders, not professional coders.
I would like to add.
All the progress being discussed here does not answer the simple question: by how much will my profit as a trader increase from switching to MT5? How much will my profits increase as a trader from the improvements of MT4?
Thank you, it made me laugh.
And you're flubbing here, too.
Specifically, on the topic, on the text of the post. No numbers, source of profit from the transition. Junko's is clear to me with his ticks, the debugger is clear, but in essence? How will the trading strategy improve from the improvements and transition?