MT5 - Evolution or Revolution?

Since its establishment in 2000, MetaQuotes Software Corp. has become synonymous with the explosion in retail FX software, initially with its FX Charts package and subsequently with MetaTrader. Supporting new data types, a new structure and object oriented programming and implementation MT5 now addresses many of the scalability and speed related issues posed by MT4. Written from scratch, MT5 while in many ways appearing to be an upgrade, is in fact totally new “under the bonnet” as it were, with over 1.1 million lines of code, compared with MT4 which has just over half that. It means that in reality MT5 should work better for a start. With broker workshops, extensive beta testing and a staged launch over the last year, MetaQuotes have taken a sensible approach to the roll out. Most people of course will still be using MT4 at this stage, and MetaQuotes is expect to support this platform for sometime.

With the newly released MetaTrader 5 (MT5) going live at an initial 40 brokers we ask Renat Fatkhullin, CEO of MetaQuotes, to tell us more about the development of MT5 and the exciting features available with this new trading platform. Renat, why did MetaQuotes decide to design the new MT5 platform? At some point we realized that we could not enhance MetaTrader 4 functionality anymore. There was a risk of the platform becoming cumbersome and some things just didn’t fit into its architecture. We didn’t want to spoil the success of the MetaTrader 4 platform - and that was one of the reasons why we decided to start developing MetaTrader 5. Another factor was the desire to move beyond the retail forex and to offer our product in other markets. For example, MetaTrader 5 is able to work with equity markets, so it is a multi market platform. That’s what it is designed for. Was the development process of MT5 similar to the work involved with designing MT4 or did it require significantly more...continued

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