MetaTrader 5 entered public beta testing quite some time ago now. For almost as long information about the product has been disseminated via the existing MetaTrader 4 web sites. Now MetaQuotes has finally got around to putting some content on a couple of MetaTrader 5 specific sites. MetaTrader5.com currently consists of a single page only, but it does at least provide a convenient location from which to download the latest beta version of MT5. The home page also displays the date when beta testing of the product is currently scheduled to end:
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Following the recent release of a beta version of MetaTrader 5 to the public expert advisor vendors have been struggling to get to grips with the new MQL5 language. Being able to read Russian has helped, but even then some vital information has been missing from the available documentation.
More on MQL5 Documentation Now Available in English (Mostly!)
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Following the lead of their Russian cousins Alpari US announced yesterday that they too are now:
Pleased to introduce FX traders to our two new trading platforms, Alpari Direct and Alpari Direct Pro.
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The long wait is over! You can now download the first publicly available version of the MetaTrader 5 client terminal from the MQL4 forum.
Unfortunately it sounds as though you'll have to wait another 6 months before you will be able to use it in anger on a live account. "The nearest future" that Alpari Russia were talking about last week doesn't mean this week or even this month as far as demo accounts are concerned. A live account certainly sounds as though it won't be arriving until some time next year.
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Way back on July 15th Alpari UK announced on their website that they:
Will launch two advanced trading platforms by the end of August, offering high-speed and direct access to the international currency market for Alpari clients and other institutional and retail customers. Powered by trading technology provider Currenex®, Alpari Direct Pro will be offered to institutional clients while Alpari Direct will be offered to retail customers.
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MetaQuotes announced today on the MQL4 forum that the long awaited MetaTrader 5 client terminal will finally be available for testing by the general public in the very near future. According to the announcement:
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With the benefit of an apparently hasty translation from the Russian original the MQL4 community website has just published an English language review by one of the MT5 closed beta testers that includes some pictures of the beta version of the MetaTrader 5 client terminal in action.
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On September 9th, which they refer to as a "Red-Letter Day", MetaQuotes announced on the MQL forum that the arrival of the long awaited MetaTrader 5 has just got one step closer. They have now started "closed beta-testing of the MetaTrader 5 terminal":
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A couple of months ago FXCM told us that they were working on educational materials to explain the changes involved in complying with the new NFA "hedging" and FIFO regulations to their customers. Here is one of FXCM's new educational videos explaining to their customers how to manage risk in this brave new world of forex orders without built in stops. To summarise, FXCM are introducing a new type of order called "One Cancels the Other" or OCO for short, which will already be familiar to many futures traders.
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I logged into our virtual private server this morning, excited at the prospect of writing about our first month's live Forex MegaDroid testing using real money. That will now have to wait for a while, because I discovered something even more interesting. The Forex MegaDroid robot had completely stopped working, and not for the first time!
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