MetaQuotes Releases An Update For MT5 With AI Features
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MetaQuotes has released an update for the MetaTrader 5 (MT5) trading platform. The company is also planning to release the beta version of this trading platform on Tuesday. The updated version will come with AI features.
MetaQuotes updates MT5 with AI coding assistant
The updated version will come with features such as an AI-powered coding assistant. It will also offer the ability to book and cancel orders. It will grant enhanced support for the Open Neural Network Exchange (ONNX) machine learning models.
The updates for the MT5 trading platform will be released using a version known as MetaTrader 5 platform beta with build 3770. The final build for the new version of this platform will be released after the public beta testing phase is complete.
MetaQuotes announced the development on Thursday saying that it had introduced the coding assistant by integrating Copilot. Copilot is an AI-powered coding assistant that allows developers to write code at a faster and more efficient rate.
This coding assistant will work in the updated version of MetaEditor that is used in creating, editing, and compiling scripts using the MQL4 and MQL5 programming languages that were created by MetaQuotes. The trading platform published a post on its forum detailing the development, saying that it was now possible to write a trading idea using a natural language, with Copilot supporting MQL5 implementation.
MetaQuotes is releasing more features
MetaQuotes has also said that the Book or Cancel Orders (BOC) feature means that orders can only be created in the Depth of Market. This tool shows the current state of the order book for any financial instrument.
MetaQuotes added that BOC helped to implement passive trading, and it was certain that an order could not be executed instantly after being placed. As such, the current liquidity will not be affected.
The technology provider has also addressed ONNX models saying that the beta version of these models comes with improved support for operations using machine learning models that are based on an open-source format developed by Facebook and Microsoft to represent deep learning models.
MetaQuotes has also said that the updated web terminal for the beta version of the feature will show the traders balance transactions and totals within the history section. The feature will also be available in 24 languages. The MT5 beta also contains additional features like an enhanced market security system and fixed display errors.
The planned release of a beta version of the MT5 trading platform has come more than three months after the company listed again on the Apple App Store. It listed a messaging app that offers financial news and analytics. In September 2022, Apple removed MetaTrader 4 and 5 from its App Store, which affected many traders.
One month after MetaTrader 4 and 5 were delisted, MetaQuotes released a new MT5 web terminal for clients saying that they can use it to fully manage their trading accounts and use their mobile devices to conduct their trading activities.