Discussing the article: "How We Built the Most Powerful Machine Learning-Powered Trading Platform: The Evolution of MQL and MetaTrader Through Archives, Forums, and Releases" - page 4
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The boom in forex and the information business coincided more or less.
And in 2016, the trend began to gain momentum. Everyone knew about MT5, but a huge number of programmes had already been written for MT4. So, the focus was actively on areas where there was already a wealth of experience.
However, a sharp shift could occur thanks to AI and free MT4-to-MT5 conversion.
That is, if a feature allowing the transfer of MT4 code to MT5 for free at the click of a button were to be advertised, along with some statistics.
For example, “We selected 100 examples of indicators from the codebase: graphical, oscillators, trend-following, those with arrows, dashboards and multi-currency indicators. And 100 examples of expert advisors. In 80–90 per cent of cases, the code was converted with a single click and required no further adjustments.” That would send an incredibly strong signal. The key is simplicity (one click) and the success rate. In future, this benchmark could be upgraded. I reckon that in future versions of the AI, the successful porting rate will reach 99 per cent. This will mark a complete victory for MT5 over MT4, but what will happen to the industry as a whole is another matter entirely.
I personally first noticed the growing interest in algorithmic trading back in 2010. At the time, I’d resigned from my role as Project Manager at a decent international firm and decided I wouldn’t starve thanks to forex. And to keep myself occupied, I set up a website and started writing articles on MQL4, then hosting webinars on programming. Not to be confused with those ‘info-scammers’ – just programming, no selling of ‘Holy Grails’, no Martingale systems )). And without any advertising at all, thousands of subscribers flocked to the site. Many said that such a resource was a rarity, although I was quite modest in my own assessment. And then, as a group, THEY THEMSELVES asked me to organise a paid MQL4 course for them, but one that included homework, webinars 2–3 times a week and a private forum. And they themselves suggested a price of $200 per course per user. There was one particularly proactive chap there who organised a group of 25 people. In other words, people were actually asking to be taught for money! And it was about programming, not some dodgy tricks on how to spot Wolfe waves after a week-long binge.
I recently posted some adverts offering private lessons in MQL5. Not a single response! On the other hand, the forums are full of whingeing along the lines of ‘But I bought this and that gold, because it was supposed to go up, but my broker drove the price down and wiped out my $100 deposit, boo-hoo-hoo. Where can I find a decent broker?’ It feels as though the trading community is rapidly deteriorating.
I’m talking about trends, and only trends.