The Current State of MT4
MetaTrader 4, or MT4, is a popular trading platform used by many traders worldwide. It was introduced in 2005 by MetaQuotes Software, and has since become a standard in the industry. Despite the introduction of newer platforms, MT4 remains a popular choice among traders.
One reason why MT4 is still in use is its ease of use. The platform is user-friendly and customizable, making it ideal for traders of all levels of expertise. Additionally, many brokers offer MT4 as a trading platform, which makes it convenient for traders to use.
The Rise of MT5
In 2010, MetaQuotes introduced MT5 as the successor to MT4. MT5 was designed to address some of the limitations of MT4, such as the inability to trade in different asset classes. MT5 also introduced new features such as a built-in economic calendar and a greater number of technical indicators.
Despite these improvements, MT5 has not gained as much popularity as its predecessor. Many traders have not made the switch to MT5 due to the differences in coding language and the lack of compatibility with MT4 indicators and expert advisors.
The Future of MT4
As of now, there are no plans to phase out MT4. MetaQuotes Software has stated that they will continue to support the platform and release updates. However, it is likely that MT4 will gradually become less popular as more traders switch to newer platforms.
In the meantime, traders who prefer to use MT4 can continue to do so without any worry of it being phased out. Brokers that offer MT4 will likely continue to support the platform for the foreseeable future.
Conclusion
MT4 remains a popular trading platform due to its ease of use and widespread availability. While it has been succeeded by MT5, many traders still prefer to use MT4. As of now, there are no plans to phase out MT4, but it is likely that its popularity will gradually decline as more traders switch to newer platforms.
Traders who prefer to use MT4 can continue to do so without any worry of it being phased out, as brokers that offer MT4 will likely continue to support the platform for the foreseeable future.
