Alpari, one of the largest MT4 brokers, just announced the availability of the Metatrader 5 demo platform to its users.
Alpari and Metaquote owners are known to be childhood friends therefore it’s not surprising that Alpari got to be the first to test out Metaquotes new platform.
The new MT5 isn’t anything revolutionary but brings a nice new set of features:
- Higher performance and outstanding speed
- Two new pending order types: Buy Stop Limit and Sell Stop Limit
- Aggregation of open positions
- Advanced built-in reporting on all trading activities
- Improved Metaquotes programming language, MQL5, for greater flexibility in creating Expert Advisors (EAs).
Co-founder of the Alpari Group and CEO of Alpari (UK), Andrey Vedikhin said, “Metatrader 5 is the highly anticipated next generation of trading platforms and we are proud to enable our clients to be among the first to try out its unique capabilities.”
There’s of course the very annoying issue of MT4 EAs not being compatible with MQL5 and hence will need to be rewritten.
Hi Michael,
Alpari may have only just “announced” MT5, but it’s been downloadable from their site for a little while now. It’s been freely downloadable from MetaQuotes since October last year.
If any of your readers are interested in a more in depth analysis than Andrey’s about the pros and cons of MetaTrader 5, and particularly the differences between MQL5 and MQL4, they might like to take a look at my blog on that subject:
http://trading-gurus.com/tag/metatrader-5/
Cheers,
Jim