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What are the best MT4 and MT5 alternatives?


ArvinIG

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MetaTrader 4 and 5 are no longer available on the Apple App Store. Find out which trading platforms you can use on your mobile to keep seizing trading opportunities.

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Source: Bloomberg
 
 

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MT4 and MT5 removal from iOS: what you need to know

In September 2022, Apple removed the MT4 and MT5 apps from the App Store. This will impact new and existing users. New users can no longer download the application, and existing users won’t be able to update it in future. It’s likely that the app won’t function without the necessary updates.

Traders using the MT4 or MT5 app on an Android device (downloaded from Google Play) aren’t affected by this change.

MT4 workaround on iOS

There is an MT4 workaround for iPhone and iPad users. If you use our MT4 VPS, it’s possible to log into the VPS using a remote desktop app on your device. This is the same software some of our clients use to access the VPS on a PC.

It’s important that you use the remote desktop app link provided here, as certain imitations can cause harm to your device.

This MT4 workaround also gives you access to expert advisors – a function not available on the app. Here are the steps to access MT4 on your Apple device:

  1. Open a spread betting or CFD trading account or log in
  2. Add MT4 to your account
  3. Set up your MT4 VPS
  4. Search for the Remote Desktop Mobile app from Microsoft on the App Store
  5. Log into the VPS on your iOS device using your existing VPS login details

Learn more about how to get started with MT4

MT4 and MT5 alternatives

There are a few alternative trading platforms you could use on your mobile instead of MT4 or MT5, such as our web platform, trading app, ProRealTime and L2 Dealer.

  • Our award-winning web platform and app

We have the world’s best trading platform and app1 – and it’s free to use. You can download it from the iOS App Store as well as Google Play and use it on your desktop or mobile.

When you use our web platform, you can:

  • Access fast execution – your trades will never be filled at a worse price
  • Use easy-to-understand HTML5 charts
  • Get trading signals and alerts

Learn more about our trading platform and app

  • ProRealTime

The ProRealTime (PRT) platform is available on PC and Mac. It has an easy-to-use algo tool, as well as its own marketplace – like MT4 – where you can buy custom indicators and trading systems. When using PRT, you can:

  • Create customised timeframes and time zones
  • Get market screening tools
  • Access more than 100 technical indicators
  • Join a community forum

Learn more about ProRealTime

  • L2 Dealer

L2 Dealer is popular among experienced traders. It’s available on PC. With L2 Dealer, you can access share and forex DMA trading, which gives you direct access to the order book of the exchange.

Forex trading with L2 Dealer is only available for pro traders.

Learn more about L2 Dealer

Anzél Killian | Financial writer, Johannesburg
28 September 2022

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      Natural Gas



      Mode - Impulsive 



      Structure - Impulse Wave 



      Position - Wave (iii) of 5



      Direction - Wave (iii) of 5 still in play



       



      Details:  Price now in wave iii as it attempts to breach 1.65 wave i low. Wave (iii) is still expected to extend lower in an impulse.



       



      Natural Gas is currently breaching the previous April low, marking a decisive move as the impulse initiated on 5th March continues its downward trajectory, further extending the overarching impulse wave sequence that commenced back in August 2022. This decline is anticipated to persist as long as the price remains below the critical resistance level of 2.012.



       



      Zooming in on the daily chart, we observe the medium-term impulse wave originating from August 2022, which is persisting in its downward trend after completing its 4th wave - delineated as primary wave 4 in blue (circled) - at 3.666 in October 2023. Presently, the 5th wave, identified as primary blue wave 5, is underway, manifesting as an impulse at the intermediate degree in red. It is envisaged that the price will breach the February 2024 low of 1.533 as wave 5 of (3) seeks culmination before an anticipated rebound in wave (4). This confluence of price movements underscores the bearish sentiment prevailing over Natural Gas in the medium term.



       



      Analyzing the H4 chart, we initiated the impulse wave count for wave (3) from the level of 2.012, which marks the termination point of wave 4. Notably, price action formed a 1-2-1-2 structure, with confirmation established at 1.65 and invalidation set at 2.012. The confirmation of our anticipated direction materialized as price breached the 1.65 mark, signifying a resumption of bearish momentum. Presently, there appears to be minimal resistance hindering the bears, thereby reinstating their dominance in the market. It is projected that wave iii of (iii) of 5 will manifest around 1.43, indicative of the potential for the wave 5 low to extend to 1.3 or even lower. This comprehensive analysis underscores the prevailing bearish outlook for Natural Gas in the immediate future.



       







       







       




      Technical Analyst : Sanmi Adeagbo
       
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