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.
I have updated my popular account equity protection app for MT4 terminal – Equity Sentry EA. Its latest 1.8 version has more features and does its job much better now. Furthermore, the new Equity Sentry EA (or ESEA) also works faster now and scans for trade changes not just on every price move, but also every 100ms.
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.