There was an exodus of brokers and prop companies transferring away from the MetaTrader platform — and also you may need been caught within the midst of it.
Reduce the lengthy story brief, US merchants are usually not allowed to make use of the MT4 and MT5 platforms to commerce anymore. To most of us, that is like gameover, regardless that you aren’t based mostly within the US, however your dealer could be selling using MT4 and MT5 — so a method or one other, you may need been affected as properly.
How dangerous is it? Most of us use the MetaTrader platforms to commerce, could or not it’s 4, or 5, no matter. The factor is, we’d have been buying and selling utilizing the huge instruments, like indicators, alerts, skilled advisors, which were designed particularly to work on MT4/MT5. And also you may need been served the bombshell not with the ability to use these instruments anymore to commerce… get it?
I personally am buying and selling with these two Professional Advisors with a prop agency, they’ve been performing very properly, and when the information dawned upon me yesterday that the prop agency I am buying and selling with is migrating to a brand new dealer, I felt misplaced, I did not know what to do as a result of my EAs solely work with MetaTrader, and the brand new platform the prop agency is migrating to doesn’t help them. When you’re at this, do try these two superb EAs I’m utilizing to commerce confidently.
RangeMAX
RangeBand
IT’S NOT GAMEOVER!
Excellent news is you’ll be able to nonetheless use MetaTrader to commerce, however now, you will have a “bridge” that can assist you join your MetaTrader to the brand new platform(s) that your dealer/prop agency is migrating to. This bridge is named “MT5 to DXTrade”. From what I heard, the MT4 is already obtainable, and the developer is planning to make extra bridges for different platforms as properly. Test it out:
MT4/5 to DXTrade is an utility that copies your trades in your MetaTrader shopper, onto the DXTrade platform. I’ve tried it, and I’m utilizing it myself, and when you’re , that is the way you go about it.
HOW TO SETUP
That is how I did it, it is probably not one of the best ways to go about it, however yah… It really works for me:
- 2 MetaTrader Shoppers — One (A) is the principle one which you commerce on utilizing your indicators, alerts, and/or skilled advisors. The opposite (B) is the place you connect the utility (MT4/5 to DXTrade) to it.
- 1 Demo Account — Create a Demo account with any brokers you need matching the capital of your funding account. I’ve a 25k funded account, so I additionally created a 25k demo account.
That is it…
Now that is what you will do subsequent:
- Login onto the Demo account on each MetaTrader Shopper A and MetaTrader Shopper B.
- Commerce, connect your Professional Advisor onto Shopper A.
- Connect the utility onto Shopper B. Identical to Shopper A, you will have to connect the utility for every chart you are buying and selling on Shopper B.
- That is the way you configure the Utility, go into Settings:
IMAGE 01: Replace the fields marked above.
Bear in mind to connect the Utility on every chart you are buying and selling on. As soon as the Utility is related efficiently, you will note this on the Utility’s Panel:
IMAGE 02: Account Linked
IMAGE 03: Similar trades mirrored on MetaTrader Shopper A and MetaTrader Shopper B
Additionally, you will see the identical trades in your MetaTrader Shoppers A and B mirrored onto the DX Commerce platform.
There you go! Hope this helped!
