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MT4 or MT5 are just a piece of software to trade on ... the various brokers connected to it provide the prices for an instrument. Whether it's FX, Crypto or Stocks.
If there is a broker offering good rates for an instrument, it doesn't matter on what software it's provided on to trade.
The...
There is nothing missing with MT5 which we all have been using with MT4 already ... it's an upgrade build ont top of an older version, with a lot of improvements.
I've been using MT5 more often recently and at first glance, can only see an improvement in feel, navigation, reporting and features.
So far, I've not seen any default functions missing which I was used to with MT4.
A nice addition are the visual plots of closed trades onto the chart after the...
Slippages, spread ... you can add commissions to this list, too. Many scalping systems don't work with high commissions per trade, eating up all profits.
i.e. if you run the same strategy script simultaneously on a varity of different brokers/accounts, you get completely different outcomes.
Ok, maybe I misunderstood the title/query of the thread, but there is no need to convert a TradingView Indicator script into actual 'MT4 code'.
The more efficient way is to convert the TradingView Indicator into a TradingView Strategy. Identify the 'alertcondition' from the indicator script and...