Greetings !
Currently many individuals have been asking about this.
The everlasting MQL downside, which in my reminiscence has existed for greater than 10 years.
I used to be not all the time a vendor and was additionally of the opinion that MT4 is best, quicker and extra dependable.
This was a really very long time in the past and at the moment nobody understood precisely what the standard of quotes was and what they used to eat it with.
There was no pseudo AI and StrategyQuant
Subsequently, when all of it simply started, MT4 was provided to brokers totally free
Hundreds of brokers started utilizing MT4 totally free.
The dealer himself was not required to do something apart from switch quotes and impose his circumstances
That is how MQL was born, now it’s a fully completely different story and the targets are fully completely different.
Then the purpose was to draw as many audiences as doable to MT4.
Many to today can’t surrender the burden of MT4 and usually are not prepared to change to MT5.
And I perceive them, MT4 is simpler to hack, it’s simpler to decompile such code, and that’s why there are such a lot of faux firms for MT4
MT4 is so previous that it doesn’t assist multiprocessing (with out particular crutches).
MT4 was created within the days of single-core CPUs, it was about 20 years in the past, possibly extra.
At the moment, if you wish to optimize a system in MT4, it can take you ceaselessly.
Beforehand it took me about 5 days!
5 days simply to make tough settings that also will not work in actual buying and selling
In actual buying and selling, fully completely different quotes are used than throughout MT4 optimization
However this additionally has benefits of MT4
Typically it takes up much less RAM than MT5 does
This is because of the truth that MT4 doesn’t assist multi-currency, so typically it merely can’t load a number of quotes for various buying and selling devices without delay.
I fairly often got here throughout such a bug, when there are merely no quotes, all the indications merely lie badly, and when the system is first launched, very unusual positions might seem, or the system might merely begin with errors.
That’s the reason, when checking the code when publishing in MT5, a lot consideration was paid to such subtleties.
That is additionally the benefit of MT4.
So, we’ve got already understood that in MT4 nobody owes one another something.
Subsequently, you’ll by no means be capable to get excellent quotes out of your dealer
Historic quotes in MT4 are simply MQL quotes. Though MQL itself isn’t a dealer.
The query is, then whose quotes are these?
Such quotes have a top quality of 90% and it will appear cool
However right here’s a query for you: in case you have 10 million quotes and also you lose 1 million, what function will this play?
Brokers do not owe their purchasers something in MT4, that is why there are such a lot of dangerous brokers in MT4
There are so few good brokers in MT5.
In MT5, the dealer is obliged to supply your complete historical past in the highest quality.
If this doesn’t occur, then you definately merely won’t be able to test the system and this might be famous for you.
This is sort of a warning and a stigma in MT5.
In MT4, nobody cares about these troubles, nobody cares what settings you utilize and what optimization they went via.
You possibly can fly System 1 throughout the snow-capped mountains of Everest and nobody will care what suspension settings you select.
That is why I do not attempt to create methods in MT4, there are too many dangerous brokers.
I simply don’t need my mates to discover a dealer that provides a 500% bonus on deposit and itself has spreads 20 instances greater than the uncooked unfold available on the market.
There are loads of dangerous brokers in MT4 and we’re more and more noticing that many Prop corporations merely go bankrupt.
They take hundreds of thousands of cash from their customers via commissions and spreads after which simply explode, taking all the cash
All these firms work with MT4 they usually don’t have any historical past or quotes, ever.
Subsequently, all the time watch out with brokers that do not need MT5, however solely MT4.
Select MT5, or higher use copying alerts from MT5 to MT4
There are loads of trusted brokers in MT5 who can moreover return your fee again to you!
