MT4 - Why is it loved so much
Page 1 of 504 123 ... LastLast
Results 1 to 10 of 34

Thread: MT4 - Why is it loved so much

  1. #1
    What's it about MT4, I have tried it, maybe not a fan, I understand there are EA's, and its pretty customizable, but to be honest I have been around this industry for approximately 5 yrs, and not seen yet Auto traded system that works long term.

    What's it....What am I missing?

    I guess to ask a direct question, what's your favourite feature?

  2. #2
    The Performance-price ratio is unbeatable.

  3. #3
    Quote Originally Posted by ;
    The Performance-price ratio is unbeatable.
    What can you mean by this, its a leased system....Many brokers use it...

  4. #4
    If you are not a trading with grandfather's indiors any platform are great, otherwise in the event that you would like to trade with your mathematical vue of the market,MT4 is one of the greatest with a sharing community.


    Quote Originally Posted by ;
    The Performance-price ratio is unbeatable.

  5. #5
    Quote Originally Posted by ;
    The Performance-price ratio is unbeatable.
    You believe MT4 is free? Think again. .

  6. #6
    Quote Originally Posted by ;
    You think MT4 is free? Think again. .
    Yeah MT4 comes at a high price.
    You pay with your spread.

  7. #7
    I can demo as long as I want for free It's a GREAT programming language that I use to program my own filters, tools and EAs The charting Applications are intuitive to use and Also Have Great data The Strategy Tester is among the best out there Its a local Application - I Despise using the Java-based online trade managers that a Few brokers use

  8. #8
    Quote Originally Posted by ;
    What's it all about MT4, I've tried it, maybe not a fan, I understand there are EA's, and its pretty customizable, but to be truthful I've been around this business for approximately 5 yrs, and still not seen one Auto traded system that works long term.

    What's it....What am I missing?

    I guess to ask a direct question, what is your favorite feature?
    I think generally it is just a well thought out, easy to comprehend platform. When I traded with a Currenex accountI used MT4 for the charting. It is free, I could customize the charts to my hearts desire, and have charts open and easy to see at once.

    As for trading, it is rather easy to use, however I suppose it was primarily designed for bucketshops. However, with ECN brokers like MB Trading, ATC now offering or starting up MT4 platforms, the'cost (high spreads) of utilizing MT4 may vanish, which is a fantastic thing for certain.

  9. #9
    PRO:
    1. Its simple to learn MT4 platform.
    2. After I learned MT4 platform, I have a horde of brokers to trade with it; unlike those platforms that need hours or even days of tinkering to get used to and at times making errors with the platforms.
    3. Simple to run. It requires very little resources to operate.
    4. Simple to write custom made indiors - makes programmers and indior sites happy
    5. Automated Expert Advisers - makes programmers and EA sites happy


    CON:
    1. Most MT4 brokers are crap BUCKETSHOPS
    2. Digital Trader Plugin = automated wholesale screw-the-trader cheat
    3. Slow 1st order implementation - should be the way MT4's poorly composed client-server protocol


    A person stated that MT4 broker's distribute are dreadful. . I beg to disagree. Thought it is true that a broker's distribute are enormous; nonetheless many MT4 brokers have better spreads than even ECN brokers (like CNX or MBTs).
    For instance:
    FXDD's EURUSD spread is 2 pips. NO COMMISSIONS
    CNX spread ranges from 0.1 (very very seldom), to 2 pips (quite often), to 5 pips (during dull market hours), to 50 (during news occasions ). And in addition to this, pay commission of about $10 each 100K Lot sizes.
    MBT's EURUSD distribute is much like on many CNX. The gap is the higher commission. I cover EUR1.00 per round trip on 100K lot dimensions EURUSD trades.
    Thus in the end, I cover MORE on many ECN brokers than on most MT4 brokers.


    However, of course, what I dont like about MT4 is your F**K Virtual Trader Plugin. The title of platform immediately advertises the broker's intention to CHEAT the trader.

  10. #10
    Agree with LongToBeFree.

    Quote Originally Posted by ;
    I can demo as long as I need for free It has a Fantastic programming language that I use to program my own filters, tools and EAs The charting tools are intuitive to use and have good data The Strategy Tester is one of the finest out there is a local application - I despise using the Java-based online commerce managers that some brokers utilize
    6. It smoothly running on my Ubuntu machine.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information