Advantages and Disadvantages of MetaTrader 5 - Page 2
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Thread: Advantages and Disadvantages of MetaTrader 5

  1. #11
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    Quote Originally Posted by seyfellah View Post
    METATRADER IS the best platform for newbie i suggest it to the new people in forex and i still use it for 3years :D
    I think you may revised your statement about the meta trader is the best trading platform. Meta trader now is having serious opponent facing through the internet on line business. Ctrader is the prime opponent of the metatrader. Maybe sometimes, I must write thread about cTrader in the future. Meta trader is the first trading platform software leading in many broker. But cTrader has the other advantages in forex. cTrader can perform good trading with market execution which makes cTrader can be favorite by trader. Trader prefer use the market with actual market order send into the market

  2. #12
    Still haven't used metatrader 5, but I get the idea of the shortage of expert advisors and indicators on MT5, because most of the traders are using MT4 or browser based trading systems. Mt4 is easy to use and quiet helpful for newbies. With more users on mt5, it will gain more attention and we will se more EAs and more indicators on MT5.
    Mt4 is on other hand slow and the internet connection breaks many times in your on a poor broadband.

  3. #13
    Quote Originally Posted by GreenHamza View Post
    Still haven't used metatrader 5, but I get the idea of the shortage of expert advisors and indicators on MT5, because most of the traders are using MT4 or browser based trading systems. Mt4 is easy to use and quiet helpful for newbies. With more users on mt5, it will gain more attention and we will se more EAs and more indicators on MT5.
    Mt4 is on other hand slow and the internet connection breaks many times in your on a poor broadband.
    Mt5 was a flop in my opinion. Many trading softwares have come and gone just like that. Meta trader has retained its position on the top due to feasibility and knowledge and discussion availability. There are a lot of programmers who can help you build an EA or indicator of your choice for free. You can learn mt4 very easily yourself or by just searhcing internet or by asking any person who has been in this business for just a month which is not the case when you talk about mt5.

  4. #14
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    Quote Originally Posted by GreenHamza View Post
    Still haven't used metatrader 5, but I get the idea of the shortage of expert advisors and indicators on MT5, because most of the traders are using MT4 or browser based trading systems. Mt4 is easy to use and quiet helpful for newbies. With more users on mt5, it will gain more attention and we will se more EAs and more indicators on MT5.
    Mt4 is on other hand slow and the internet connection breaks many times in your on a poor broadband.
    I also do not have a plan to move into the meta trader 5 on the forex broker. The easy use of the Expert Advisor on meta trader 4 is the main benefit for trader. And the meta trader can not allow hedging. And yes, the meta trader can run over the at least slow internet connection
    Quote Originally Posted by Man Utd View Post
    Mt5 was a flop in my opinion. Many trading softwares have come and gone just like that.
    You think that meta trader 5 is blunder by meta quote company? I think meta quote must revised the feature of the meta trader 5. I think trader does not like no hedging program, and new developer must learn the new programming language

  5. #15
    Quote Originally Posted by aris90 View Post
    You think that meta trader 5 is blunder by meta quote company? I think meta quote must revised the feature of the meta trader 5. I think trader does not like no hedging program, and new developer must learn the new programming language
    No aris, i do not think that it is a blunder. I said it was a flop because it was not appreciated by traders maybe because of no hedging option. It came suddenly and also gone very quickly. Meta quotes will not let their product go vanish that easily and i am sure they will be working on it and will bring more features in it which are not available in mt4 to increase traders interest in it.

  6. #16
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    Nothing has advantage without disadvantage, that is why i will not like to look at the disadvantage of the mt5 platform. What i will focus upon is the good side, and how i can make it to work for me and make money in the forex business. This is not what many traders are not doing, it is so possible when the trader can learn how to trade.

  7. #17
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    MT5 is a good platform and widely used by the traders and many traders like it because it has many advantages and the trader can benefit from it, the trader needs to test it and try to find a strategy related to it because it is different from mt4 and the strategy that works on one platform will not work on the other platform and so the trader will be able to work well with it

  8. #18
    Mt5 is a good trading platform I don't no if there are disadvantages on this platform well we won't be able to trade with most indicator on mt5 but I don't think this is a problem because indicator is not what we need to become successful in this trade, mt5 is a very good advantage which have a lot of features.

  9. #19
    Registered user mohabbat's Avatar
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    I just hate Meta trader 5. Meta trader 5 is hard to maintain. Not just that some new feature of Meta trader 5 really made me bore. I guess meta trader 4 is much better than Meta trader 5. Meta trader 5 gets slow and sometimes chart does not show the movement and if you open order in same pair on different time then it will calculate. Which I do not like. Meta trader 5 may be updated but I do not like that software.
    Don't loss you hope.

  10. #20
    Mt5 is far more superior and looks more modern than the mt4, it offers depth of market view where you can use a information for short term market analysis, also mt5 mobile version has a better chart and you can use the cross hair of the mt5 mobile to measure pips on the chart, like the desktop version, a feature that many traders miss on mt4 mobile

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