3rd Party Developer Gets Red Card as MetaQuotes Re-Acts

Trading Tech and Tools
1

Hmmnn…

This should be of interest to those that “live and die” for MetaTrader:

3rd party developer Gets Red Card as Metaquotes Re-Acts | Forex Magnates

I don’t know if this has been posted anywhere else around here. If it has: I’ve not been able to find anything so my apologies if this is a “double post” or, at very least, a post on the same topic.

I’m not quite sure what to make of it but suffice to say it’s going to have some effect on some EAs etc. that you may be using so “be aware” is all.

Regards,

Dale.

2

And here is a “warning” issued by “AN-OTHER” MetaTrader ONLY broker (broker name removed and no it’s NOT Deltastock):

[I]"We are writing to inform you of changes to our MT4 platform that you may soon experience. These changes are the result of actions taken by MetaQuotes, the owner and creator of the MT4 platform.

The website announcement of MetaQuotes states the following:

“We strongly urge anyone using these or similar modifications to return to the conventional unmodified installation files till April 15, 2013. All such modifications are forbidden and will be blocked in the terminals.”

These changes could potentially affect you from market open this Sunday, April 14th. This action by MetaQuotes will affect all MT4 platform enhancements that were not created or licensed by MetaQuotes. We regret these actions by MetaQuotes and are working to minimize their impact on you.

Further information is available in the MetaQuotes support center, and is publically reproduced at:

3rd party developer Gets Red Card as Metaquotes Re-Acts | Forex Magnates

Given these actions by MetaQuotes, we have no choice, but to recommend that you immediately stop using the features such as OCO Orders, Automated Closes, Trailing Stops and the alarms in the Trade Terminal. Examples are shown in the image below. These features may no longer be available. The only safe option is for you to stop relying on these features as soon as possible, and in any event before Sunday, April 14th in order to avoid any potential losses.

As a precautionary measure, (broker) will be providing a new MT4 installer that does not contain any third-party enhancements and other service provider EA’s in order to ensure you have a stable trading platform.

These actions by MetaQuotes are entirely beyond our control and we deeply regret any inconvenience this may cause you."
[/I]
I’m not sure if this is a “storm in a teacup”. But at least you’ve a “heads up” is all.

And: maybe time to start trading with a broker that has a professional grade proprietary trading platform??? Just a thought!!! LOL!!!

Regards,

Dale.

3

This has certainly opened up doors for other providers.

4

Metaquotes will always attack 3rd party providers that are operating in a sales space they want to control.