Can MT5 run MT4 indicators?
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The MT4 and MT5 can’t run using the identical programming languages. Hence, experts coded to work on the MT4 won’t work on the MT5, making the scene difficult. MT4 has a very dull and boring future, and we can quote that after following the announcement regarding the MT4’s future updates.
Can I use both MT4 and MT5?
By default you are unable to run more than one MT4/MT5 platform from the same place at the same time. If you wish to run two instances of MT4 or MT5 platform on your PC, you will need to install a second instance of the platform but in different directories on your PC.
Is MT5 better?
Is MetaTrader 5 good? MetaTrader 5 is an excellent trading platform and has superior capabilities to MetaTrader 4 in certain areas such as back testing and DOM (depth of market). However, most Forex traders still prefer MetaTrader 4 to MetaTrader 5 when a choice is available.
How do you make your own indicator?
Creating an Indicator Determine the components to be included in your indicator. Create a set of rules (if necessary) to govern when and where price movements should be expected to occur. Test your indicator in the real market through backtesting or paper trading. If it produces good returns, put it into use.
How to setup MetaTrader 5?
Install Metatrader 5 for PC 1. Download Metatrader 5. Click this link to download the installation of Metatrader 5 files for PC. Run the file after you download it. Depending on system security settings a security window may appear asking for action confirmation. Press “Yes”.
How to install MetaTrader 5 on PC?
Double-click on the downloaded installation file.
How do I open a chart on MetaTrader 5?
Configure the desired chart and bar colors.
How to install MetaTrader 5 on Android?
– Open a demo account – select this option if you want to open a new demo account. – Open a real account – request a new real account from a selected broker. You will need to specify personal information and provide identification documents. – Login to an existing account – select this option if you have an existing account.