Metatrader 5 (MT5) Advantages and Disadvantages

Metatrader 5 (MT5) the new solution to replace metatrader 4 the most popular financial trading platform among Forex, CFD and stock brokers of MetaQuotes Software Corp. MT5 is currently in public testing.

Pros:

-Market Liquidity Pool will be available (Market Watch) to watch the video The Depth of the Market. This advantage will help a lot in avoiding low-volume trading instruments that lacks liquidity.

– Provides four different types of execution: Market, Instant, Request and Exchange running that would be a useful feature that will suit all marketers running The expert advisor code that is passed to the remote agent is never Stored on the agent's hard disk, but is only passed in a modified form that makes it impossible to dump. Back to the top | Give Feedback Properties Article ID: 19459002 – A remote agent does not know the name of the specialized advisors and does not save the results of the calculated data on the hard disk.

-MT5 is a highly flexible and reliable trading platform that gives specialized traders as well as beginners the ability to trade efficiently and clearly.

-8 built-in technical indicators, 39 graphical objects and many MQL5-indicators covering most, if not all popular indicators

-Security and encryption Has been strengthened.

Cons:

-In MT5 hedging is disabled. This is probably the worst drawback of metatrader 5 because hedging is a great approach to risk management, not to mention that because most liquidity providers allow hedging positions, spreads are expected to increase when hedging is disabled.

Specialized consultants and custom indicators written with MQL 4 for MT4 have to be re-encoded with MQL 5 to be used with metatrader 5.

-MT5 is encoded from scratch and not based on MT4 which means there will be many bugs. We all know how many MT4 bugs we had when it was lunch, so all we can do is wait for most bugs to be debugged during the beta test.

Metatrader 5 is still in testing right now, but we can start seeing it in Live Accounts soon, but in how long? Well, it all depends on the results of the public tests and feedback that developers will receive.



Source by M. Wael Alkel

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