The comming MT4 (beta) a new FX Frankenstein?

[karol vesely]

New MT4 Frankenstein?

The next build of Metatrader will NOT BE COMPATIBLE with a lot of scripts, including these tools.
Make a backup copy of your Metatrader directory NOW for preparation of the next release (Always a good idea, look at the recent compiler issue). Here is the news release from their website:

A New Metatrader 4 Build Will Not Be Compatible

It seems that the build 509 is the last build in the current development branch. And I guess it remains to be the only available for the next couple of months.

The new build(s) is currently in beta testing phase and it comes with completely replaced scripting engine and compiler. Though it claims backward compatibility, the compatibility applies only to the pure MQL4 scripts, which were compiled by any of the previous compilers. The new compiler won't compile the recent source files (mq4).

The directory structure changed as well, so indicators and scripts are now merged into a MQL4 folder.

Unfortunately, users of RangeBar, RenkoBar, TickBar and MeanrenkoBar will not be able to use the currently downloaded indicators with the new build. I am preparing a concurrent release for the new MT4 build and I will create a new download area for it, not to mess with the current one.
Had to create a backup of an old MT4 for compiling EAs and Indicators as well. Since they disabled Compiling of decompiled EAs.

Took this warning from other FX forum! Looks scary!
Is the new MT4 made in cooperation with Wall Street market makers?
We should boycott all brokers which will not offer the present MT4 version. Do they want to make 99.9% traders losers? Probably!
Hermes

[[Deleted]]

Thanks for the heads up! The only thing I look forward to is the new MT4 marketplace. Everything else is fine the way it is in my opinion and should not be messed with.