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Metatrader 4 vs metatrader 5

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nabe
21
nabe  

Hi,

I have been using metatrader 5 beta and now using the latest version. I have got to the point now that I wont be using version 5 no more. There are way too many faults with version 5. The biggest fault is that you cant use mq4 indicators etc. I think the people at metatrader have forgotten who their users are. They are technical anaylists and not computer programmers. At present there is no way to use all your old indicators in the new version which is CRAZY!!! And the process to update the indicators require a person to have  knowledge in programming. I dont want to do programming I want to do trading. To make things worse I dont find metatrader 5 stable either. Take the indicators zigzag or bollinger bands have them on the screen and walk away. Later the inidcators disappear and you have to move the screen to get them back (Never happened in version4). MACD try putting setting 12,26,1 it disappears as well when in version 4 it is ok. Metatrader 5 I like the idea of the drawing of trend lines but can I have the optionh of the trend line going on forvever. Also it does not snap correctly and even worse if yoiu draw it on the indicator. The vertical trend line if you draw it on an indicator goes through the whole screen. Maybe I want the option of only going through that indicator and not through the whole screen. To be quick I could probably list millions of faults with verion 5... Please Metatrader this is important if you want to change the script of your language ok. But you must make mq4 compatiable with version 5. Your users are traders NOT programmers!!!

Bollinger Bands ®
  • votes: 14
  • 2010.01.26
  • MetaQuotes Software Corp. | English Russian Chinese Spanish Portuguese
  • www.mql5.com
The Bollinger Bands ® Indicator (BB) is similar to Envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it.
Rashid Umarov
Admin
12700
Rashid Umarov  

nabe:

MACD try putting setting 12,26,1 it disappears as well when in version 4 it is ok.


Do you mean indicator OsMA(12,26,1)?
Moving Average of Oscillator (OsMA)
  • votes: 7
  • 2010.01.26
  • MetaQuotes Software Corp. | English Russian Chinese Spanish Portuguese
  • www.mql5.com
The Moving Average of Oscillator (OsMA) is the difference between the oscillator and its smoothed value.
Alexey Da
Moderator
6686
Alexey Da  

Could you describe each problem you have written above using exact examples, screenshots etc. to make us able to reproduce them?
Vladimir
6167
Vladimir  
nabe:

Hi,

I have been using metatrader 5 beta and now using the latest version. I have got to the point now that I wont be using version 5 no more. There are way too many faults with version 5. The biggest fault is that you cant use mq4 indicators etc. I think the people at metatrader have forgotten who their users are. They are technical anaylists and not computer programmers. At present there is no way to use all your old indicators in the new version which is CRAZY!!! And the process to update the indicators require a person to have  knowledge in programming. I dont want to do programming I want to do trading. To make things worse I dont find metatrader 5 stable either. Take the indicators zigzag or bollinger bands have them on the screen and walk away. Later the inidcators disappear and you have to move the screen to get them back (Never happened in version4). MACD try putting setting 12,26,1 it disappears as well when in version 4 it is ok. Metatrader 5 I like the idea of the drawing of trend lines but can I have the optionh of the trend line going on forvever. Also it does not snap correctly and even worse if yoiu draw it on the indicator. The vertical trend line if you draw it on an indicator goes through the whole screen. Maybe I want the option of only going through that indicator and not through the whole screen. To be quick I could probably list millions of faults with verion 5... Please Metatrader this is important if you want to change the script of your language ok. But you must make mq4 compatiable with version 5. Your users are traders NOT programmers!!! 

 

I kinda see the point of backwards compatibility from the user prospective. But, beeing myself a designer, I've been many times through situations when my company introduces a new product and customers demand it to be compatible with older products. While it might be painful for users to learn a new tool, we can't move forward without making changes. So, I perfectly understand the metaquotes strategy.
nabe
21
nabe  

well it didnt take long before MT5 crash again. Here is a screen shot. See everything disappear and then you move the screen left or right and it will come back. Thought I click on the about and show you also I am using latest version...

nabe
21
nabe  

here screen after I move it left and right and it all come back... Thought it was just the indicators that disappear  just noticed the trends line disappear as well. Sorry I got loads of objects all over the screen doing back testing on stops at the moment. Does the amount of objects affect the proformance of MT5 think I got about 100 on the screen at the moment...

Can Meta trader add an option to indicators where we can add presents to indicators. Like templates but a template just for that indicator. e.g. Fibs have one preset where I can save 0, 25, 50, 61.8 and 100 and another preset where I have say 100, 161.8 so all I need to do is click on the preset and save time...

nabe
21
nabe  

Hi here the vertical trend line.

@Rosh sorry you are right MACD is ok. I was not using MetaTraders MACD I was using someone elses script. Rosh I see your replies keep up the good work and could you help me with this indicator I am working on to upgrade Metatraders MACD...
Files:
macd2.mq5 6 kb
nabe
21
nabe  

 

Trend lines...

nabe
21
nabe  

MT4 to MT5 long process and most of us find it impossible to bring our MT4 indicators, scripts and EAs to MT5. Requires programming... Sorry I not sure if allowed to add a link on this forum but here is what I am talking about...

http://www.fx1618.com/mt5/mql4-to-mql5.html

Rashid Umarov
Admin
12700
Rashid Umarov  
Do you know to insert picture into a post?

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