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	<title>Comments on: MetaTrader 5 Strategy Tester Released</title>
	<atom:link href="http://trading-gurus.com/metatrader-5-strategy-tester-released/feed/" rel="self" type="application/rss+xml" />
	<link>http://trading-gurus.com/metatrader-5-strategy-tester-released/</link>
	<description>Automated Trading Systems and Robots</description>
	<lastBuildDate>Tue, 13 Dec 2011 21:52:24 +0000</lastBuildDate>
	
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		<title>By: Jim</title>
		<link>http://trading-gurus.com/metatrader-5-strategy-tester-released/#comment-4968</link>
		<dc:creator>Jim</dc:creator>
		<pubDate>Sun, 10 Jul 2011 17:35:56 +0000</pubDate>
		<guid isPermaLink="false">http://trading-gurus.com/?p=969#comment-4968</guid>
		<description>Hi Ismail,

TradeStation has a vastly better range of bar/tick charts than MetaTrader 4 or 5, although perhaps not everything one might wish for.

If you&#039;re just getting into Java then you might like to take a look at &lt;a href=&quot;http://community.trading-gurus.com/forums/10-Dukascopy-JForex&quot; target=&quot;_blank&quot; rel=&quot;nofollow&quot;&gt;our Dukascopy Java source code examples&lt;/a&gt;.

Cheers,

Jim</description>
		<content:encoded><![CDATA[<p>Hi Ismail,</p>
<p>TradeStation has a vastly better range of bar/tick charts than MetaTrader 4 or 5, although perhaps not everything one might wish for.</p>
<p>If you&#039;re just getting into Java then you might like to take a look at <a  href="http://community.trading-gurus.com/forums/10-Dukascopy-JForex" target="_blank" rel="nofollow">our Dukascopy Java source code examples</a>.</p>
<p>Cheers,</p>
<p>Jim</p>
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	<item>
		<title>By: ismail</title>
		<link>http://trading-gurus.com/metatrader-5-strategy-tester-released/#comment-4959</link>
		<dc:creator>ismail</dc:creator>
		<pubDate>Sun, 10 Jul 2011 07:00:24 +0000</pubDate>
		<guid isPermaLink="false">http://trading-gurus.com/?p=969#comment-4959</guid>
		<description>Spot on guys. I can&#039;t get over my head on why time frames below 1minute are not offered here.

It&#039;s not just them; even TradeStation is missing that.

I recently switched to using Java 100% for my trading systems development. I still use MT4 to visualize some of my indicators though..:)</description>
		<content:encoded><![CDATA[<p>Spot on guys. I can&#039;t get over my head on why time frames below 1minute are not offered here.</p>
<p>It&#039;s not just them; even TradeStation is missing that.</p>
<p>I recently switched to using Java 100% for my trading systems development. I still use MT4 to visualize some of my indicators though..:)</p>
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	<item>
		<title>By: Jim</title>
		<link>http://trading-gurus.com/metatrader-5-strategy-tester-released/#comment-4928</link>
		<dc:creator>Jim</dc:creator>
		<pubDate>Thu, 07 Jul 2011 13:00:14 +0000</pubDate>
		<guid isPermaLink="false">http://trading-gurus.com/?p=969#comment-4928</guid>
		<description>Hi Jani,

I&#039;m not a huge fan of MetaTrader 5 either. However if I can play devil&#039;s advocate for a moment whilst I try to answer your questions:

1) Switching to MQL5 from MQL4 isn&#039;t easy, but switching to MQL5 from a serious OOP programming language like C++, C# or Java has become easier.

2) They almost certainly wouldn&#039;t!

3) The MT5 strategy tester does at last have &lt;a href=&quot;http://www.mql5.com/en/forum/53/page10#comment_73583&quot; target=&quot;-blank&quot; rel=&quot;nofollow&quot;&gt;visual backtesting&lt;/a&gt; plus 3D visualisation of optimisation results, and distributed optimisation is a useful feature. You can now &lt;a href=&quot;http://community.trading-gurus.com/threads/9-MQL5-Random-Entry-Systems?p=200#post200&quot; rel=&quot;nofollow&quot;&gt;backtest multi-currency strategies&lt;/a&gt; too.

Here are some more things that MetaQuotes managed to get wrong:

- If they added OOP why didn&#039;t they add decent &lt;a href=&quot;http://trading-gurus.com/mql5-documentation-in-english-mostly/&quot; rel=&quot;nofollow&quot;&gt;event handling&lt;/a&gt; as well?
- If they beefed up the backtester why didn&#039;t they add support for ticks with realistic spreads?
- If they added &lt;a href=&quot;http://trading-gurus.com/how-to-create-metatrader-5-expert-advisors-without-programming/&quot; rel=&quot;nofollow&quot;&gt;the facility for non-programmers to create automated strategies&lt;/a&gt; why didn&#039;t they include features that might actually help those folks make a few bucks, instead of just the same old indicators?

Cheers,

Jim</description>
		<content:encoded><![CDATA[<p>Hi Jani,</p>
<p>I&#039;m not a huge fan of MetaTrader 5 either. However if I can play devil&#039;s advocate for a moment whilst I try to answer your questions:</p>
<p>1) Switching to MQL5 from MQL4 isn&#039;t easy, but switching to MQL5 from a serious OOP programming language like C++, C# or Java has become easier.</p>
<p>2) They almost certainly wouldn&#039;t!</p>
<p>3) The MT5 strategy tester does at last have <a  href="http://www.mql5.com/en/forum/53/page10#comment_73583" target="-blank" rel="nofollow">visual backtesting</a> plus 3D visualisation of optimisation results, and distributed optimisation is a useful feature. You can now <a  href="http://community.trading-gurus.com/threads/9-MQL5-Random-Entry-Systems?p=200#post200" rel="nofollow">backtest multi-currency strategies</a> too.</p>
<p>Here are some more things that MetaQuotes managed to get wrong:</p>
<p>- If they added OOP why didn&#039;t they add decent <a  href="http://trading-gurus.com/mql5-documentation-in-english-mostly/" rel="nofollow">event handling</a> as well?<br />
- If they beefed up the backtester why didn&#039;t they add support for ticks with realistic spreads?<br />
- If they added <a  href="http://trading-gurus.com/how-to-create-metatrader-5-expert-advisors-without-programming/" rel="nofollow">the facility for non-programmers to create automated strategies</a> why didn&#039;t they include features that might actually help those folks make a few bucks, instead of just the same old indicators?</p>
<p>Cheers,</p>
<p>Jim</p>
]]></content:encoded>
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	<item>
		<title>By: Jani</title>
		<link>http://trading-gurus.com/metatrader-5-strategy-tester-released/#comment-4906</link>
		<dc:creator>Jani</dc:creator>
		<pubDate>Tue, 05 Jul 2011 21:21:25 +0000</pubDate>
		<guid isPermaLink="false">http://trading-gurus.com/?p=969#comment-4906</guid>
		<description>MT5 will be a flop! I&#039;m 100% sure of that unless some radical chages are made soon!

Ask yourself this: 
1) Why would anyone bother swithing to MT5 and to code in new language that is not compatible with old platform that has very wide userbase. 

2) Why would anyone switch to MT5 just for some additional time frames when the most wanted frames are still missing (Tick charts (constant volume/tick) and renko/constant range charts)

3) Also MT5 backtesting has no visual mode

I mean for God&#039;s sake didnt these people bother to ask anyone what traders and programmers want!!?? I understand that this group is not Metatrader clintel ( which is BROKERS!) but these people actually use the platform for trading and programming!! And I guaranytee I&#039;m not alone with my opinion, this opinion is shared by ALL the programmers I knbow, and none of them is recommending MT5!

Here are some things that they actually managed to get right:
 - Object oriented language paradigm
 - Unlimited number of arrays and size
 - Dynamic data just like C and C++
 - Dynamic allocation of memory (not very usefull feature)</description>
		<content:encoded><![CDATA[<p>MT5 will be a flop! I&#039;m 100% sure of that unless some radical chages are made soon!</p>
<p>Ask yourself this:<br />
1) Why would anyone bother swithing to MT5 and to code in new language that is not compatible with old platform that has very wide userbase. </p>
<p>2) Why would anyone switch to MT5 just for some additional time frames when the most wanted frames are still missing (Tick charts (constant volume/tick) and renko/constant range charts)</p>
<p>3) Also MT5 backtesting has no visual mode</p>
<p>I mean for God&#039;s sake didnt these people bother to ask anyone what traders and programmers want!!?? I understand that this group is not Metatrader clintel ( which is BROKERS!) but these people actually use the platform for trading and programming!! And I guaranytee I&#039;m not alone with my opinion, this opinion is shared by ALL the programmers I knbow, and none of them is recommending MT5!</p>
<p>Here are some things that they actually managed to get right:<br />
 &#8211; Object oriented language paradigm<br />
 &#8211; Unlimited number of arrays and size<br />
 &#8211; Dynamic data just like C and C++<br />
 &#8211; Dynamic allocation of memory (not very usefull feature)</p>
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