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Are you ready to give up MT4 for MT5 ? - page 2

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Marco vd Heijden
Moderator
6132
Marco vd Heijden  

Only if MQL4 is upwards compatible with MQL5.

It means you should be able to run 'old' MT4 Indicators, script's and experts on MT5.

This is currently not the case, i don't think this will ever be the case, and this is the main reason i still use MT4 a lot.

I also know a lot of people use MT4 next to MT5 just for analysis.

For as long as the code is not compatible these will be two separate terminals and removing one will disappoint a lot of customers as well as coders.

@ Alain why didn't you add:

  • MT4 rocks, MT5 has to go !

I am VERY sure that if we lose MT4 many people will not switch to MT5, but find another solution in stead...(Non MetaQuotes)...

Alain Verleyen
Moderator
29859
Alain Verleyen  
Marco vd Heijden:

Only if MQL4 is upwards compatible with MQL5.

It means you should be able to run 'old' MT4 Indicators, script's and experts on MT5.

This is currently not the case, i don't think this will ever be the case, and this is the main reason i still use MT4 a lot.

It will not be the case.

I also know a lot of people use MT4 next to MT5 just for analysis.

For as long as the code is not compatible these will be two separate terminals and removing one will disappoint a lot of customers as well as coders.

Yes but it's what will happen, you can be sure of that. If Metaquotes is pushing MT5, it's not to keep MT4 endless.


@ Alain why didn't you add:

  • MT4 rocks, MT5 has to go !

I am VERY sure that if we lose MT4 many people will not switch to MT5, but find another solution in stead...(Non MetaQuotes)...

I really don't care MT4 or MT5, I understand it's a serious problem for people like Ovo, but I don't have to maintain products based on MT4 (only) feature.

From a technical point of view MT5 (mql5) is superior to MT4 (mql4) without any doubts. And if future MT5 included all features of current MT4 I really don't see why you want to keep it, anyway you will have no choice.

Alain Verleyen
Moderator
29859
Alain Verleyen  
Ovo Cz:

Honestly, after the big MQL4 update I expected the MT5 to die (I mean converge).

Yeah I know...like a lot of people. But I think if MT5 die, Metaquotes will die too, probably...they made huge investments and they need to succeed (just a guess for you ).

I know the orders handling is very different, but I do not expect serious complications in this area. You either buy or sell and that is the main point.

You could have some surprises.
Marco vd Heijden
Moderator
6132
Marco vd Heijden  

Ok but don't forgot the people who bought products for their MT4 Terminal how would they feel if they can not use their favorite indicator no more.( or in fact their whole library they build up over the years..)

Also i think there will be some underground edition that still makes it possible to use it, i have seen this before with other programs they were just too good to be gone..

Alain Verleyen
Moderator
29859
Alain Verleyen  
Marco vd Heijden:

Ok but don't forgot the people who bought products for their MT4 Terminal how would they feel if they can not use their favorite indicator no more.( or in fact their whole library they build up over the years..)

Also i think there will be some underground edition that still makes it possible to use it, i have seen this before with other programs.

That will be a lot of jobs for programmers
Marco vd Heijden
Moderator
6132
Marco vd Heijden  
Okay well i better start converting my software i have always wanted to do that so this is a small extra push to do it.
Ex Ovo Omnia
3421
Ex Ovo Omnia  

Alain Verleyen:

... 

I really don't care MT4 or MT5, I understand it's a serious problem for people like Ovo, but I don't have to maintain products based on MT4 (only) feature. ...

Lol, I would not call it a problem, but rather an extra free task in sight.
Lorentzos Roussos
14543
Lorentzos Roussos  
Marco set an interesting point.

What happens if someone bought MT4 products say from Marco 
Marco ports them to MT5 
now the customer has to repurchase those products.
Alain Verleyen
Moderator
29859
Alain Verleyen  
Ovo Cz:
Lol, I would not call it a problem, but rather an extra free task in sight.
Sure. An extra free task is a serious problem in my view
Alain Verleyen
Moderator
29859
Alain Verleyen  
Lorentzos Roussos:
Marco set an interesting point.

What happens if someone bought MT4 products say from Marco 
Marco ports them to MT5 
now the customer has to repurchase those products.
If Metaquotes is providing facilities to migrate from MT4 account to MT5, they will probably provide something about Market's products.
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