what’s the point to move to cTrader? As far as I see, the functionalithy is about the same with Mt5.
Maybe the brokers mentioned don’t offer mt5?
True. Technically the indicators, order entries, trailings, etc - they are very similar as both platforms tried to include everything the trader might ever want.
The differnce is the reputation. Try googling for Virtual dear plugin to see what I mean.
Holy ■■■■! Did MT really allow this plugin to happen?
In this light it really seems appropriate to start choosing not a broker but platform.
cTrader has lots of third-party plugins for auto trading. But the key advantage here is the automation section. It’s based on c# programming language, which is much easier than both MQL4 and MQL5. Plus the process of automation is easier thanks to the drag-and-drop approach.
The number of EAs for MT4 is much larger in the store. That’s because many brokers use MetaQuotes, so the number of potential clients is also huge. The only issue might be in the complexity of installing plugins into MT4.
I am using MT4. It works well for me because it is very user friendly. However, one should not choose MT4 only because it is popularly used. You should check what suits you and what work for you. You can try demo accounts of various platforms and choose accordingly.
mt4 is used by most brokers and most people, so easier to get help with
True on the one hand. The other side of the stick is there is more scam going on within the MT4 infrastructure. Third party plugins, trading robots and even brokers make use of MT4 numerous vulnerabilities.
I started developing my own algorithm thanks to the cTrader platform. I just take my favourite technical indicators that have proved their efficiency. It’s essential to use a combination of them and write all of the conditions and what-ifs down.
Buying someone’s bot is not for me.
I’d go for MT4. MT4 is the most popular trading platform, and there’s a reason for that. Most brokers have integrated the MT4 trading platform into their system. This means even if you decide to switch brokers, your trading platform knowledge/familiarity won’t be compromised since most brokers also offer MT4 trading platform.
Mt4 is the best platform for trading. I also had the same question but after a discussion with one of my friends, he recommends me, and now I'm happy with his advice.
Hello guys
I’ve read a lot about algos, and I doubt they can be efficient in the long run. Bots do not use fundamentals and psychological impact on the price action. It’s possible to trade in one way for some time, but what if market conditions change? I prefer manual trading, and cTrader is a much more powerful tool for that.
At some point, you’ll see the advantages of algo trading. You can open the analytics section of cTrader, monitor your performance and find the most effective solutions you’ve made previously. Match them with the indicators you used, and you’ll get the basic part of your algorithm. The rest is easy. Don’t forget to backtest the bot.
Honestly, MT4 is too outdated now so I would advice you to start with Ctrader or you can also try Act trader and that is my new favorite. But at the end it is all your choice and liking. You can try demo accounts for the surety.
C trader better than mt5?
I think an alternative solution to algo-trading and manual trading can be copy-trading. That allows you to diversificate risks exposed to personal mistakes or algorithm inconveniences. For instance, cTrader COPY section offers a wide range of traders (strategy providers) with a proven track record and calculated ROI. The software shows drawdowns, average holding time per position, profit-to-loss ratio, and other statistical data of strategy providers.
That’s a great idea, especially given the fact that cTrader has a cross-broker option to choose traders who get a personal cTID right after registering. But I’m not sure if all of the cTrader brokers support that function as there’s a danger of losing clients to other brokers, no?
well Jess i have used both of them. but since last 5 years im using ctrader(pepperstone). and i would say its much easier for the updated generation. as i am using it since it started i have been seen their updates and all. so i can say its the future platform for forex. those who r still on mt4 , i guess they get used to with it and dont like to try different things. u can see ur monthly growth, easy technical stuff , customize ur settings and lots of more on ctrader. but i would say u have to take both shots to see which suits u ( that is more important ).
I’ve personally only used mt4 and it’s nice and straightforward once you know what you’re doing.
The copy-trade function has a great feature in cTrader. Imagine you don’t have enough equity to follow a strategy provider, so you can do that in a proportional way by limiting the maximum trading volume for open positions.
When it comes to brokers, cTrader saves all of the history of transactions on a separate resource, so all of them can be checked to get a proven track record.