Update Version 1420 of Meta Trader 4 – Guide to Handling

The Latest from MQL

On May 23, 2024, MQL released the latest version 1420 of Meta Trader 4, accompanied by a vague announcement about fixing security bugs in this version.

MQL and Product Protection

MQL seems to be intensifying the protection of their products against excessive unlocking. Notably, products such as Unlocked EA/Indicator can no longer operate on this version without DLL. In reality, users often prefer versions without DLL for their convenience and similarity to regular EA. However, MQL has fixed their unprotected products.
Terminal 1420+

Terminal 1420+

Threats from EA Scams

However, MQL cannot yet protect their customers from EA scams such as reading history, fake histories, and inflated products. So how can we know which EAs are really good before buying the official product?

How to Handle the Issue

  1. Use version 1415 and overwrite the new version. The limitation of this method is that after a while, Brokers may no longer accept the old version. However, this is a temporary solution (New update, versions below 1420 can no longer be used, so please find EAs that have source or have been updated to 1420 from our website)
  2. Buy updated EAs with 1420 here, or send us your EAs and we will update them to work with build 1420, at a good price..
  3. Use EAs with DLL. Although more troublesome, they work well.
  4. Use EAs with source code or buy the official version of EA.

Conclusion

Finally, be patient and wait. If there are any EAs/Indicators that really help you make money, find the author and buy them from him. We strongly encourage this. Unlocked products only help you test them with a small amount of money to see if the EA/Indicator works as advertised or not.

David Easton
David Easton

David Easton I am David Easton, a dedicated professional with an MBA and residing in Los Angeles, California. My journey through the complex world of finance, especially in Forex trading, has been shaped by a rich academic background and over a decade of hands-on experience. This journey led me to specialize in the development and application of Expert Advisors (Forex robots), through which I have created hundreds of products designed to efficiently navigate the Forex market. My deep dive into market trends and trading tools reflects my passion for the financial markets and my commitment to making Forex trading accessible to traders at all levels. With this goal in mind, I co-founded https://eafxstore.com/, aiming to bridge the gap between advanced trading technologies and everyday traders. The website serves as an educational hub, offering state-of-the-art trading tools and the necessary knowledge to use them effectively, all with the purpose of providing the greatest benefit at the lowest possible cost. As a co-founder of EA FX Store, my mission extends beyond financial success; it’s about creating a platform that democratizes access to sophisticated trading tools, ensuring that education and technology go hand in hand to empower traders. Through this endeavor, I am committed to making a positive impact on the trading community, ensuring that everyone, regardless of their level of experience, has the opportunity to achieve their trading goals with the best resources at their disposal. This is not just my business; it’s my passion and my contribution to the world of Forex trading.

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