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Why do you use MetaTrader?


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Why do you use MetaTrader?

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  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,909 since Jun 2009
Thanks: 31,587 given, 94,538 received

Hi guys,

As part of my research for the upcoming "Where to start as a trader (Part II: Trading Platforms)" webinar, I want to solicit input from members about the platforms they use.

If you could give me some information I would appreciate it.

1) How long have you been using MetaTrader?
2) What are your favorite features of MetaTrader?
3) What are some must-have deal breaker features in MetaTrader that you could not do without?
4) Do you use MetaTrader in simulation mode only, or do you place live trades with it?
5) Are you a discretionary trader or an algorithmic trader? How does MetaTrader help you with this?
6) How easy/hard was it for you to learn to use MetaTrader?
7) How do you rate MetaTrader's customer service/support, assuming you have needed to use it?
8) Do you believe MetaTrader is competitively priced?
9) How do you rate the community support that exists for MetaTrader?

Even if someone before you has said something similar to how you feel, please reply anyway. I am gauging response by popularity so need to hear from multiple people even with similar feelings.

If you have any other thoughts to add please do so. Let's try to keep the thread on-topic, focusing on why you use the platform and leave all other discussion to other more appropriate threads.

Thank you,
Mike

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  #2 (permalink)
Auckland, New Zealand
 
 
Posts: 21 since Oct 2012
Thanks: 8 given, 26 received

1) How long have you been using MetaTrader?

2-3 years

2) What are your favorite features of MetaTrader?

Trade details held in 1 line (entry, stop, target).
Can enter a trade description.
Trade parameters shown on the chart.
A large amount of indicators and expert advisors available for free to suit your needs.
Add on trade management software is available if needed.

3) What are some must-have deal breaker features in MetaTrader that you could not do without?

Easy to view multiple charts by going through tabs.
Easy to set up different templates for different strategies.

4) Do you use MetaTrader in simulation mode only, or do you place live trades with it?

Live Trades

5) Are you a discretionary trader or an algorithmic trader? How does MetaTrader help you with this?

Discretionary trader with reasonably rigid rules. However traders can place automated trades using Expert Advisors.

6) How easy/hard was it for you to learn to use MetaTrader?

Very easy.

7) How do you rate MetaTrader's customer service/support, assuming you have needed to use it?

Never needed it. Extremely robust software.

8) Do you believe MetaTrader is competitively priced?

Free - so awesome value.

9) How do you rate the community support that exists for MetaTrader?

Excellent. There are a lot of free indicators and Expert Advisors that enhance the use of the platform.

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  #3 (permalink)
Malaysia
 
Experience: None
Platform: Free
 
Posts: 105 since Aug 2011
Thanks: 125 given, 20 received


1) How long have you been using MetaTrader?

More then 5 years version 4

2) What are your favorite features of MetaTrader?

Free & works on linux/wine with many choices of broker

3) What are some must-have deal breaker features in MetaTrader that you could not do without?

Free & the charts

4) Do you use MetaTrader in simulation mode only, or do you place live trades with it?

Both,now looking for something else as i am skeptic by how the software was design to defeat traders

5) Are you a discretionary trader or an algorithmic trader? How does MetaTrader help you with this?

Discretionary

6) How easy/hard was it for you to learn to use MetaTrader?

Easy

7) How do you rate MetaTrader's customer service/support, assuming you have needed to use it?

Bad

8) Do you believe MetaTrader is competitively priced?

invalid

9) How do you rate the community support that exists for MetaTrader?

Most diverse as far as i know



Sent from my HTC One V using Tapatalk 2

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  #4 (permalink)
Karlsruhe, Germany
 
Experience: Advanced
Platform: MT4 , INVESTOX ( & owner of MC and AB))
Broker: IB , MBT , Alpari , Pepperstone , Forextrading
Trading: FX SLV
 
LoboTrader's Avatar
 
Posts: 27 since Nov 2011
Thanks: 223 given, 13 received

1) How long have you been using MetaTrader?

- 3 years

2) What are your favorite features of MetaTrader?

- hugh support in the web and the software allows you so much control on anything, that there are no limits but always solutions for your requirements.
- You have little worry with the order sync Metatrader <==> Orderserver , Your SL lie´s at the orderserver of the broker . If the web brakes down, the electricity fails , your children switch off your homeserver ...the SL is there and protects you from desaster .
- Lots of buildt in solutions for storing data , very helpfull if you wish to run data analisis outside of Metatrader (ie profitability analisis in excel returning information back to Metatrader for improved settings and lots of other things one could imagine)

3) What are some must-have deal breaker features in MetaTrader that you could not do without?

- the hugh support in the web)

4) Do you use MetaTrader in simulation mode only, or do you place live trades with it?

- both

5) Are you a discretionary trader or an algorithmic trader? How does MetaTrader help you with this?

- trade my own algo´s

6) How easy/hard was it for you to learn to use MetaTrader?

- the start was difficult to me, selfstudy, now I am writing code as I talk , include from the beginning various pieces of code anticipating future debugging

7) How do you rate MetaTrader's customer service/support, assuming you have needed to use it?

- there is none . Or the broker might help you or you need contacts in the web, such as futures.io (formerly BMT) and other , friendly asking usually is getting replied very very quick in a quality forum

8) Do you believe MetaTrader is competitively priced?

- no cost, might be a mistake :-) , I did spend lots of money on software until I understood the power of MT4 fully, could not believe that powerfull & robust software is available w/o cost

9) How do you rate the community support that exists for MetaTrader?

- great for me

Lobo

PS.: Did you know, that you can work offline with MT4 installed on an USB on any PC ? => Each time when we visit people and I am in "listen only mode"(i e sister-in-law ) I search for a PC and start working . Try that with AB or MC ....

Do not trade alone
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  #5 (permalink)
The Valley ANGUILLA Caribbean
 
Experience: Advanced
Platform: TWS,Ninjatrader
Broker: IB, Ninjatrader, ICMarkets
Trading: NQ
 
MyTraderAdvisor's Avatar
 
Posts: 74 since Apr 2010
Thanks: 21 given, 31 received

1) How long have you been using MetaTrader?
2008

2) What are your favorite features of MetaTrader?
Reliable, can works 24/7 form several terminals, free

3) What are some must-have deal breaker features in MetaTrader that you could not do without?
a lot of info all over the web

4) Do you use MetaTrader in simulation mode only, or do you place live trades with it?
live trades

5) Are you a discretionary trader or an algorithmic trader? How does MetaTrader help you with this?
algorithmic only, own algos

6) How easy/hard was it for you to learn to use MetaTrader?
a bit more difficult than Ninja, but there are so many code example available

7) How do you rate MetaTrader's customer service/support, assuming you have needed to use it?
there is not

8) Do you believe MetaTrader is competitively priced?
free, what more ?

9) How do you rate the community support that exists for MetaTrader?
huge and excellent

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  #6 (permalink)
Orlando, FL, USA
 
Experience: None
Platform: Metatrader, NinjaTrader
Trading: Forex
 
Posts: 20 since Dec 2015
Thanks: 20 given, 12 received

To broke to afford NinjaTrader and thinkorswim doesn't support custom chart types.

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