This article will reveal the facts behind the conversion of the expert advisors made to run on MT4 so they can also work on the MT5 platform. In other words, this article explains how to convert MQL4 code into MQL5 language code as easy as possible.
During the past few years there were lots of rumors about the MetaTrader 5 platform replacing the MetaTrader 4, a platform that we all love so much.
But this time it seems to be serious. MetaQuotes company announced that MT5 is coming and MetaQuotes will stop supporting MT4 platform.
Papaevagorou, Head of Sales at MetaQuotes, said “We do not expect to see any developments to come out of MT4 ever again. Given this, MT4 is slowly dying out”.
How will this affect us, EA and indicator users, programmers and signal providers?
First I want to thank all of my clients who are using Signal Magician and who helped me to improve it. Your generous feedback helps me to make Signal Magician the best copy trading platform.
Now let’s take a look what has changed in the new software version and then I will tell you how you can get your updated Signal Magician system.
What is Local Trade Copier?
The Local Trade Copier (LTC) is a pair of MT4 Expert Advisors which synchronously copy market and pending orders between multiple MT4 accounts, when they are located on the same computer or VPS server. The software can be used to duplicate accounts in one-to-one, one-to-many, many-to-one and many-to-many scenarios, and it gives a lot of options to filter trades, which makes it very useful among account managers and retail traders.
Did you knew you can open the same positions on your friend’s MetaTrader 4 account simultaneously even if it’s located in another country?
When you open trades in your MT4 account you can have the same trades opened on other MT4 accounts at the same time. And the best part of it is that you can set this up in like 5 minutes.
In this tutorial I will explain how it’s done.
After reading this article you will know how to fix connection problems on your MetaTrader 4 platform or at least know the reason why it does not connect.
I won’t waste your time and go into details immediately.
Problem: You get to your computer or connect to your VPS server and find out that MT4 platform shows “No Connection” status message in the right-bottom corner, while it was working fine when you left.
When you launch or restart MT4, it might run live update automatically and restart without any prompt. I am sure you have seen this before, which sometimes is annoying. MetaQuotes are constantly improving their software and rolls out these updates quite often lately.
Preventing updates does not necessarily mean that old MetaTrader 4 is better. We should be happy about updates, because without regular software updates it would not work well.
However, if for some reason you do not want to update your MT4 platform, here’s a simple trick to prevent it from doing it. Admit it. Many times when you start your MT4 just for a quick script or indicator test it is quite annoying to see that MT4 is forcibly restarted without your knowledge to do an update.