What if Meta Trader 4/5 was like tradingview with having all features of tradingview?. - page 2
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Trading View is OK for manual technical analysis. Especially for US Stocks when you want to search quickly just to see the chart and the price of some stocks or other symbols. Also works great on mobile. But when it comes to the actual trading and position management then Trading View is almost useless in my opinion. And for automated trading it's a joke. You have to be crazy to trade real money with Trading View with automated strategy. Not to mention that only a few brokers are available.
MetaTrader is really superior exactly because it's not like the other platforms! MetaTrader is more like an operating system for traders and people who like to code. The MQL5 language is very powerful. (MQL5 is C++ with some add-ons) You can build pretty much anything you want. You can add any type of functionality to the interface of the platform. You are only limited by your imagination and your coding skills.
if you search in codebase mouse wheel zoom etc are available.
Maybe you are forgetting the fact that many traders who use Mt4/5 are not coders. Imagine telling a trader who knows nothing about coding that statement. It's like if you want something, download the resources. I would say if you are a coder then MQL is superior than TV but if you are a manual technical trader I bet you wouldn't support Mt5 interface at all.
Maybe you are forgetting the fact that many traders who use Mt4/5 are not coders. Imagine telling a trader who knows nothing about coding that statement. It's like if you want something, download the resources. I would say if you are a coder then MQL is superior than TV but if you are a manual technical trader I bet you wouldn't support Mt5 interface at all.
Trading View is OK for manual technical analysis. Especially for US Stocks when you want to search quickly just to see the chart and the price of some stocks or other symbols. Also works great on mobile. But when it comes to the actual trading and position management then Trading View is almost useless in my opinion. And for automated trading it's a joke. You have to be crazy to trade real money with Trading View with automated strategy. Not to mention that only a few brokers are available.
MetaTrader is really superior exactly because it's not like the other platforms! MetaTrader is more like an operating system for traders and people who like to code. The MQL5 language is very powerful. (MQL5 is C++ with some add-ons) You can build pretty much anything you want. You can add any type of functionality to the interface of the platform. You are only limited by your imagination and your coding skills.
Amen to that.
MT5's more or less "blank slate" is why I love MT5. The last thing that I'd ever want is a cluttered trading platform having mad blinking colors everywhere and a bubbly appearance. I get out of it what I put into it by way of writing custom code and exploiting the wealth of free online utilities. Having started out on MT4, MetaTrader has always been the go-to trading platform for aspiring and experienced algorithmic traders. The sky is the limit if you have the capacity and the will to learn.
Of course, MT5 has to attract new traders in order to increase usage which in turn, makes it more marketable to broker-dealers─so don't expect my opinion to be reflected in the official marketing materials any time soon.
There are really only 3 features that make TV infinitely more user friendly than MT4/MT5 (out of the box).
1) Zoom levels (TV has many more granular levels than MT4/MT5).
2) Mouse wheel to Zoom in and out.
3) Vertical + Horizontal scrolling. (being able to quickly look up/down or sideways and then back into position).
These 3 functions alone make TV feel far more modern and intuitive and why many users get on MT4/MT5 and want to immediately vomit.
Also many user friendly tools + indicators out of the box, just simple things like being able to auto extend rectangles or objects not appearing on top of other symbols. Simple / quick price alerting they can do on their phone.
Metaquotes have not invested enough to the actual user experience and are stuck with an interface that looks and feels 20 years old.
If TV ever start offering server / infrastructure services to brokers then it really is lights out for MT4/MT5.Or, just draw a line between two points and having that simple information how much percentage the price had changed between that two points. And shown all the time, not just when you position your mouse cursor exactly at the line which, if you have a 4k display, takes 10 seconds.
The only reason I'm struggling with MT5 is the automated backtest which Tradingview misses.
I have written my own server which can handle Tradingview's webhook triggers and talk to brokers (though not many offers an API), that was not a big issue. Having 50-100k backtests run in a reasonable time however is not solvable outside of Tradingview.