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MetaTrader 5 now available for trading futures


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MetaTrader 5 now available for trading futures

  #1 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Frequency: Never
Duration: Never
Posts: 5,924 since Sep 2015
Thanks Given: 15,419
Thanks Received: 15,234

Just got an email from AMP that says


Quoting 
MetaTrader5 (MT5) Now Available for Futures Trading at AMP.

MetaTrader is used by Millions of Traders Worldwide & over 6'000 Trading Apps & Trading Robots directly from the MT5 platform.

So I thought I'd post this.

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  #2 (permalink)
 rosasurfer 
Sofia Bulgaria
 
Experience: Intermediate
Platform: MetaTrader, MultiCharts
Trading: Forex, ES, GC, strange synthetic creatures
Posts: 40 since Nov 2014
Thanks Given: 40
Thanks Received: 34

Unfortunately (better: intentionally) MT5 is crippleware crap. Waiting for the day when MT4 is supported by Futures brokers.

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  #3 (permalink)
 
CenFlo's Avatar
 CenFlo 
Tampa FL
 
Experience: None
Platform: TOS/TradingView
Broker: TDA
Trading: Equities/Cryptos
Posts: 642 since Apr 2016
Thanks Given: 830
Thanks Received: 960



MT4Survivor View Post
Unfortunately (better: intentionally) MT5 is crippleware crap. Waiting for the day when MT4 is supported by Futures brokers.

Do you mind elaborating on why you feel this way?

I've considered looking in to MT5, but won't waste my time if the platform is no good?

You miss 100% of the shots you don't take. - Wayne Gretsky
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  #4 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


MT4Survivor View Post
Unfortunately (better: intentionally) MT5 is crippleware crap. Waiting for the day when MT4 is supported by Futures brokers.

MT4 is not going to be integrated with Futures because it was not written for exchange traded products.

MT5 was written as a multi asset product and for Futures trading. It is not designed with reduced functionality, quite the opposite. I tested it prior to our launch, and it seems to be quite good for a point and click trader.
I liked the dragging of the current positions in the chart to establish PT and SL.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #5 (permalink)
Balut
Manila
 
Posts: 16 since Sep 2014
Thanks Given: 5
Thanks Received: 2

I was really thrilled
With Metatrader 5 futures trading
Until I realized then that it does not work

I was really excited to trade futures with Metatrader 5
Until I realized then that is not working with Robots.
The Lott Information 0.1 will not be accepted
And there is an error message for futures
Even the expert example MACD
Of Metatrader does not work
With futures.
The problem explained to the AMP support
But they told me
This is a problem of a 3rd party add one
And this is not supported.
I must contact the manufacturer
Of the expert
Meta Trader but he runs on all other Metatraders 5
Problem is not solvable.


Best regards

Balut

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  #6 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


Balut View Post
I was really thrilled
With Metatrader 5 futures trading
Until I realized then that it does not work

I was really excited to trade futures with Metatrader 5
Until I realized then that is not working with Robots.
The Lott Information 0.1 will not be accepted
And there is an error message for futures
Even the expert example MACD
Of Metatrader does not work
With futures.
The problem explained to the AMP support
But they told me
This is a problem of a 3rd party add one
And this is not supported.
I must contact the manufacturer
Of the expert
Meta Trader but he runs on all other Metatraders 5
Problem is not solvable.


Best regards

Balut

MetaTrader 5 is working with futures. MT5 has its own code for MQL, and you can not bring an EA from MT4 to MT5 without code change. Lastly, exchange traded product can not just convert to .1 lots at your request. These are standardized futures contracts on the exchange level.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #7 (permalink)
Balut
Manila
 
Posts: 16 since Sep 2014
Thanks Given: 5
Thanks Received: 2

Once again
to understand
I have loaded Meta Trader 5 from AMP
And have the example experts MACD
Which is included in metatrader 5
Tested in 15 minutes candles
With the Future CLEF7
And it does not work
The error message comes: Lots must be in the range from 0.000000 to 0.000000

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  #8 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


Balut View Post
Once again
to understand
I have loaded Meta Trader 5 from AMP
And have the example experts MACD
Which is included in metatrader 5
Tested in 15 minutes candles
With the Future CLEF7
And it does not work
The error message comes: Lots must be in the range from 0.000000 to 0.000000

Maybe it is programmed for CFDs, and you need to ask the develoepr if it's built for exchange traded products. I am not sure what is "example experts MACD", sorry I can't help further with EAs.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #9 (permalink)
Tommip
Rybnik Polska
 
Posts: 114 since Aug 2015
Thanks Given: 18
Thanks Received: 51

I just check it out and like it too.Ultra simple and fast -great.But ... it has one big weak point.There is no volume chart (candles ),just variation of minute ( plus add for tick chart).Trying to analize futures with low tick numbers per day like ZF or GBM is ridiculous for day trader - and just waste of time without volume charts.

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  #10 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789



Tommip View Post
I just check it out and like it too.Ultra simple and fast -great.But ... it has one big weak point.There is no volume chart (candles ),just variation of minute ( plus add for tick chart).Trying to analize futures with low tick numbers per day like ZF or GBM is ridiculous for day trader - and just waste of time without volume charts.


MetaTrader is a flexible open source platform with with an easy ability to develop customization. However, if there are any "missing" parts, consider their app store that may have just about anything you need. Many of these indicators are sold at $10

For example, here is a Footprint Volume chart: https://www.mql5.com/en/market/product/1222

To the best of my understanding, MetaTrader has stopped development of MT4 and putting all it's efforts into MT5 which includes exchange traded product trading development.

Regards,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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