november 16, 2023

A journey from MT4 to MT5 – Introduction

I successfully created my MT5 EA (trading robot), which works exactly like my old and loyal (MT4) EA. I’ll share how I converted the EA, so you can do the same for your MT4 EA. I’m also going to share my system with you, since I couldn’t find any other way to talk about conversion in detail. Correct, at the end of this blog you’ll also be able to download my EA.

My name is Raoul, and I do trading for a living. I’ve been in this business since 2006.

To start with the bad news, no there isn’t a magical conversion tool that automatically creates a MT5 EA from a MT4 EA. Because of the fundamental differences that were introduced with the MT5 platform itself, this will unlikely ever be possible for an EA. The good news is that I did manage to convert my system to MT5, with the help of a tool and a systematic approach.

In this series of blogs I will talk about my journey, how I managed to convert my EA. The tool I used for the conversion is the EA Builder Pro ( web-based tool and my own systematic approach, which I will teach you to apply yourself. During this journey you will discover my trading strategy and have a working MT5 EA that contains this strategy, which you can see and test for yourself. In order to take this journey with me you don’t need any money and everything is, at the moment of writing, available for free. I can not guarantee that this will remain so.

I wanted to convert to MT5, because MetaTrader 5 is the more modern platform, with loads of new features, better performance and better testing and debug features. I want to have the best and fastest tool available to have an edge over the competition, so I switched.

MetaTrader 5 offers modern characteristics of a trading platform.

Since I will be talking about a tool used for trading in the market, I’m obligated to warn you about the risks involved with trading. There is a significant risk of loss in trading – including trades taken online. When trading, only trade with capital you can afford to lose. Past performance is not necessarily indicative of future results. No information in this blog can be regarded as financial advice. Only if you do agree, please continue reading my blog.

Read the next part of my blog to learn about my trading strategy I refer to as ‘Wingman’.

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