The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4.
This means that every indicator and expert advisor needs to be rewritten to work with the Metatrader 5 platform.
Metatrader5 Client Terminal Metatrader5 | Written by Lenar
As compared to MetaTrader 4, trading possibilities of the new MT5 terminal are much wider. First of all, the MetaTrader 5 terminal allows working in various financial markets. Read more...