Tag Archives: metatrader

How to disable ‘Auto-Update’ in MT4

metatrader

Edit: It seems starting with build 482 the makers of MT4 (MetaQuotes) decided to put the platform update code right in the MT4 executable program itself so the platform now updates itself AUTOMATICALLY. I find this to be a bad idea and no doubt many of you do as well. I can go into a few reasons why, but I shall save that for later. As far as I know there is no way to disable this and prevent the platform from automatically updating (and thus restarting) itself. If I find something I will post an update here or in a new post.

Hello fellow traders.

I’m not sure how many of you have wondered if there is a way to get rid of MT4’s automatic auto update notification, but if you wish to permanently disable it I have found a solution. The most common reason I can think of why anyone would wish to do this is to ensure that your EA or backtesting platform is always running a specific version of MT4. This could be necessary for compatibility reasons or maybe you just don’t want to be bothered every time you load up the platform.

There is of course a downside to disabling the auto update feature. The main negative point is that you’ll never receive the latest bug fixes and security fixes that get incorporated into newer version of MT4. If you stick with one version forever you’ll have to live with all the bugs and potential problems that particular version of MT4 has.

But if this is something you are sure you wish to do, here is how you do it:

1) Open up the folder where you installed the MetaTrader 4 platform (typically it is located in c:\program files\)

2) Find a file called LiveUpdate.exe

3) Rename that file. It can be any name just make sure you don’t rename it to something you won’t recognize later. For example, I renamed mine to “LiveUpdate.exe-” (without the quotes obviously)

This will permanently disable MT4’s auto -update feature. Later on if you wish to upgrade the platform to the latest version available from your broker just rename the file back to LiveUpdate.exe and restart the platform.

That should do it!

Alan out.

Cheers!

Alpari UK is offering MetaTrader 5 demo accounts

Hi everyone. I’m willing to bet that by now you’ve probably already heard about MetaQuote’s new MetaTrader 5 trading platform. As you can tell by the name MetaTrader 5 is going to be the successor to the veteran MetaTrader 4 platform that so many traders already use, including yours truly.

MetaTrader 5 was scheduled for release June of 2010, and seeing as we’re already in June brokers are getting ready to launch their MetaTrader 5 (MT5) offerings. I’m not 100% sure about this but it appears the first forex broker to offer MT5 demo accounts is Alpari UK.

Some of the advantages of MT5 are:

  • Higher performance and outstanding speed
  • New order types: Buy Stop Limit and Sell Stop Limit
  • Aggregation of open positions
  • Advanced built-in reporting on all trading activities
  • MQL5 – an object oriented language native to MT5 allowing greater flexibility in creating EAs

If you want to give Alpari UK’s MT5 demo platform a try you can do so by visiting the Alpari UK homepage.

*Note: I am in no way endorsing Alpari UK or their products/services. I should however disclose that I do have a live account with them and I found out about their MT5 demo acccounts from them directly via e-mail.*

I’ve got myself a copy too and I intend to play around with it this weekend. The first order of business for me will be to see that I convert some of my favorite EAs to the MT5 platform. Hopefully now we will see more EAs being ported over or being released specifically for this platform.

If you have any FREE MT5 EAs you’d like to share please start a thread in the following section of my Forex Nirvana forum:

http://www.forexnirvana.com/f66/

Ok, I think that about does it for this post.

Cheers everyone!

Alan