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Blog about forex trading with MetaTrader 5 - Best trading systems and indicators written for the MetaTrader 5 next-gen forex trading platform.
During the autumn of 2009, the new version of the popular trading software - Metatrader 4 - will be released. The success of this software is that it was not derived from some other software. It was designed and created from very humble beginnings, from scratch. Metatrader 5, the new version of the popular trading software will be released this fall. It is the successor of Metatrader 4 that is used by more than 300 brokers all over the world.
One of the big improvements of Metatrader 5 is the ability to process traders Foreign Currency Transactions in various financial markets, including futures, options and stock markets. Metatrader 5 carries the 4 types of operational execution introduced by Metatrader 4: the Market, Request, Instant and Exchange. It has also combined an innovation of the "glass tool" to the Market Watch Window.
With a new integrated development environment known as MQL5, Metatrader 5 uses MetaEditor 5, the MQL5 programming language and Metatrader 5's Strategy Tester. The MetaTrader 5 Strategy Tester is a very powerful development tool and enables a developer to test a newly programmed indicator, expert advisor or script on historical data before using it in real trading. The new strategy tester will have advanced reporting options and possibilities to compare the trading results of different EA's which each other. The tester will also better use the power of multi core processors to speed up the testing process. It is responsible for the development and use of custom indicators, scripts, and Expert Advisors. Since MQL4 and MQL5 languages are incompatible, every expert advisor and custom indicators must be rewritten with Metatrader 5. Metatrader 5 carries the 4 types of operational execution introduced by Metatrader 4: the Market, Request, Instant and Exchange. It has also combined an innovation of the "glass tool" to the Market Watch Window.
There are several remarkable innovations of Metatrader 5 that shows that it is not merely an upgrade of Metatrader 4. Read through this article and see for yourself.
Metatrader 5 enables the trader to test a newly programmed indicator or expert advice on historical data before using it in actual trading. This Strategy Tester has the capability to make advance reporting options. It can even compare trading results of different Expert Advisors. Because of the lengthy process, multicore processors to speed things up has been put in place.
Metatrader 5 is the only software that uses Expert Advisors custom indicators and scripts. Thus you do not just get predictions but the concurrent advice of Experts as well. This is possible through the creation and integration of MetaEditor 5, the MQL5 programming language and MetaTrader 5 Strategy Tester.
