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Does anybody use MT4 to trade?
- Thread starter cf0532
- Start date
Quote from cf0532:
do you know how to call script in EA on MT4?
I know that we can call indicator in EA to transfer some parameters in indicators by iCustom(), but what about transfer some parameters in EA to some indicator? shall we ?
Hey buddy, sorry for the late reply. Could you explain this a little further?
Quote from dezzzy:
Hey buddy, sorry for the late reply. Could you explain this a little further?
I mean when I made an EA in which I want to call an script when some condition have been met.
In addition, I made an Indicator which draw a line on chart; some time this line cross the bars; some time the line always run above or below bars; do you have good method to differ these two situation.
For one thing is user friendly, and has so many features like the multi-language options, that is a priceless asset for many. And it can be very easy to use, since it has been in the market for so long.
Yes Mt4 is wonderful trading terminal , I use most of the time this terminal for trading. It was my first choice. It is user friendly , supportive having all essential tools of trading. I feel easy to trade in MT4 . Others terminal are too here for trading but most of the traders use it confidently.
I tend to agree, and one other thing is that there are so many information on mt4 platform. So we are not left in the lurch when it comes to this platform , there is always information readily available.Yes Mt4 is wonderful trading terminal , I use most of the time this terminal for trading. It was my first choice. It is user friendly , supportive having all essential tools of trading. I feel easy to trade in MT4 . Others terminal are too here for trading but most of the traders use it confidently.
Should we ask "who aren't trading MT4?". Mt4 platform is the most popular and all online forex brokers offer it. My broker hotforex also have MYFX platform access for certain fund account, not sure but I think MT4 is just the basic platform. We still have cTrader, NinjaTrader, Trading Station,...
i was about to say the same thing haha yeah there are other platforms out there but most brokers and popular ones trade with mt4
Almost (not quite) all the "brokerages" offering MT4 trading aren't genuine brokers at all: they're counterparty market-makers for people who want their own broker to be trading against them and have a direct incentive for them to lose.
I don't, myself, know anyone who makes a living by trading from MT4 (I do know one or two successful traders who use it, but don't trade from it).
Opinions vary - as on everything - according to the experience and perspectives of the people offering them. I suspect that this is one of those common trading questions to which you can get (at least) two very different sets of answers: there seems to be one approximate consensus of opinion among "aspiring traders" and "traders in general", and another, very different one, perhaps, among "people who are trading for a living".
NinjaTrader is a whole different world, albeit that the "NinjaTrader vs MetaTrader" discussion is always a huge and complicated one.
These are subjective opinions only, about what suits me and what I like (and I haven't used MT for a while, either, so I'm not "a regular user of both" ... and I'm no "techie" either, far from it, and for both those reasons I'm probably not the best person to answer your question, really!).
Ease of using tick charts, chart appearance and backtesting/forward-testing facilities are really important to me. I won't trade with real money without knowing that my trades collectively have a genuine, proven edge.
It seems to me that everything about NT is far more professional and sophisticated than everything about MT.
Its charts are also far more attractive and easier to read, and when you're sitting in front of the screen for long periods of time, that really matters.
"NinjaScript" is nearly identical to C # programming language, so it's easy to find real professionals to programme things for you if you need to (there's a community of MT programmers as well, but I'm looking at this issue, from my own experience, in terms of quality rather than quantity).
NT's testing suite is far superior to MT4’s strategy tester, and it includes the ability to back-test and forward-test trading scripts even while running a live account.
NT's platform supports simulated data-feeds.
You can also use "Monte Carlo simulations" with NT (that's very important, to me, for testing).
NT's "ATM" (advance trade management) feature is absolutely essential to me. I've lost count of the number of times I've seen people asking questions in forums about "How can I easily do this, that and the other", with large numbers of people chipping in with their comments, replies and suggestions, at the end of which the OP's original problem remains unsolved because he's using MT. It just doesn't have the trade-management flexibility of NT at all. I want and need with one click to be able to enter a three-lot trade with different stop-loss and take-profit procedures for each of the three lots. I can do that with NT, but not with MT.
NT supports more chart-types.
NT's standard of technical support is higher.
NT is far more reliable and smoother-running than MT, which is slow, cumbersome and sometimes crashes.
There are better (I didn't say "more") third-party add-ons available for NT.
NT has a whole range of features (e.g. Projections/Forecasting and Walk-forward analysis) missing from MT.
If it helps/interests anyone, here's an independent article which compares NT and MT, feature by feature.
To me, it all adds up to the difference between "professional" and "amateur".
I don't, myself, know anyone who makes a living by trading from MT4 (I do know one or two successful traders who use it, but don't trade from it).
Opinions vary - as on everything - according to the experience and perspectives of the people offering them. I suspect that this is one of those common trading questions to which you can get (at least) two very different sets of answers: there seems to be one approximate consensus of opinion among "aspiring traders" and "traders in general", and another, very different one, perhaps, among "people who are trading for a living".
NinjaTrader is a whole different world, albeit that the "NinjaTrader vs MetaTrader" discussion is always a huge and complicated one.
These are subjective opinions only, about what suits me and what I like (and I haven't used MT for a while, either, so I'm not "a regular user of both" ... and I'm no "techie" either, far from it, and for both those reasons I'm probably not the best person to answer your question, really!).
Ease of using tick charts, chart appearance and backtesting/forward-testing facilities are really important to me. I won't trade with real money without knowing that my trades collectively have a genuine, proven edge.
It seems to me that everything about NT is far more professional and sophisticated than everything about MT.
Its charts are also far more attractive and easier to read, and when you're sitting in front of the screen for long periods of time, that really matters.
"NinjaScript" is nearly identical to C # programming language, so it's easy to find real professionals to programme things for you if you need to (there's a community of MT programmers as well, but I'm looking at this issue, from my own experience, in terms of quality rather than quantity).
NT's testing suite is far superior to MT4’s strategy tester, and it includes the ability to back-test and forward-test trading scripts even while running a live account.
NT's platform supports simulated data-feeds.
You can also use "Monte Carlo simulations" with NT (that's very important, to me, for testing).
NT's "ATM" (advance trade management) feature is absolutely essential to me. I've lost count of the number of times I've seen people asking questions in forums about "How can I easily do this, that and the other", with large numbers of people chipping in with their comments, replies and suggestions, at the end of which the OP's original problem remains unsolved because he's using MT. It just doesn't have the trade-management flexibility of NT at all. I want and need with one click to be able to enter a three-lot trade with different stop-loss and take-profit procedures for each of the three lots. I can do that with NT, but not with MT.
NT supports more chart-types.
NT's standard of technical support is higher.
NT is far more reliable and smoother-running than MT, which is slow, cumbersome and sometimes crashes.
There are better (I didn't say "more") third-party add-ons available for NT.
NT has a whole range of features (e.g. Projections/Forecasting and Walk-forward analysis) missing from MT.
If it helps/interests anyone, here's an independent article which compares NT and MT, feature by feature.
To me, it all adds up to the difference between "professional" and "amateur".