Like it or not, MT4 is on the way out.

MetaQuotes made that clear in 2018 when they quit licensing MT4 to new brokers and only licensed MT5.

And then they made it crystal clear a couple of weeks ago when they informed at least one broker (EnviFX) that they planned to stop supporting MT4 in 6 months.

(That is a snippet from an email sent by EnviFX to their customer base on October 25, 2023.)

Since EnviFX sent that email, Hugo's Way has dropped MT4, as has:

KOT4X

SageFX

ProsperityFX

OspreyFX

Nash Markets

And rumors swirl regarding a dozen or so more who seem to have decided to drop MT4 due to MetaQuotes upcoming permanent suspension of further updates and support.

It's just a matter of time before your broker abandons MT4 as well.

Now understand…

Just because MetaQuotes stops supporting MT4, does not mean MT4 will disappear from the marketplace overnight.

Brokers who have an MT4 license will still be able to  offer MT4 to their traders…

But stopping support means MetaQuotes will no longer create and install security patches as hackers learn more new ways to break into the platform as coding tools get more sophisticated.

So you can stick with MT4 after MetaQuotes stops supporting their platform.

Just don’t be surprised if you log in one morning and notice your balance is sitting at $0.00.

Your better option is to go ahead and start making the switch to MT5 now and be ready for the day when your broker sends you the “Dear John” email telling you your relationship with MT4 is no more.

The MT5 Conversion Pack is a collection of some of the most popular and profitable indicators and EAs released under the Simple4XSystem banner over the last 10 years, along with a handful of “open source code” indicators traders absolutely LOVE but which have fallen by the wayside over the years.

A lot of the features from MT4 are in the same place and work the same way in MT5.

But there are a few pretty important features that are now hidden inside the MT5 framework and not in a way that makes any sense to the average trader (or even the above average trader).

But that won’t matter after you watch this short video.  We’ll show you all the hiding places and give you some tips and tricks on how to set up the platform so that it mimics the MT4 trading experience as close as possible.

But after you watch the video and are now as knowledgeable as anyone on using MT5, now it’s time to start using these custom indicators and EAs.

Notice how S-Factor trends in a single direction, then flattens out for a short while (1-3 Renko boxes in most cases) and then either resumes moving in the direction of the trend, or reverses direction and moves in the opposite direction?

The flat portions, small though they may be, are called “turnaround” points.

In your trading, you simply wait for a turnaround point to appear, and then take a trade in the direction as the next bar indicates.

And the best part about S-Factor?

Once a Renko box closes, so does the concurrent S-Factor bar in the indicator window.

S-Factor may end up being your favorite indicator ever if you like consistently making money from your trades.

And as for why I never released this to the public, about 2 weeks after I released S-Factor to my list I ended up in Cardiac ICU with an accelerated heartbeat, and followed that up with a stroke a couple of months later which landed me back in the hospital, followed be an extensive period of rehabilitation..

So medical issues took precedent and when I fully recovered some months later I ended up focusing on other projects.

But now you can grab a copy of S-Factor for MT5 as a part of this offer.

The next indicator is called BBSniper, and it is based on Bollinger Band data with some extra “secret sauce” poured into the mix.  It is not a perfect indicator by any means, but placed on a 1M Index Chart, you can find yourself taking 1-2 trades per hour with the vast majority moving into profit.

And if you know how to determine when price is in an overall trend (a quick glance at a 1H chart will usually tell you all you need to know) and limit your trades to those in the direction of the trend, BBSniper can hand you multiple 3 digit winning trades in a single session.

And like S-Factor,

Once you get a signal, that signal remains in place.  So no worries about visually back-testing and seeing tons of great trades, only to find out the indicator repaints to those optimal entry points.

What you see is what you get with BBSniper.

This was another indicator I released only to my in-house list, and because I am almost 100% a Renko trader, I decided against doing a general release on this one as it is much more time chart friendly.

And like the S-Factor pictures, this was yesterday's trading, not a handful of cherry-picked snapshots of only the best trading examples I could find over the last three years (as some in this industry are known to do).

Yesterday was a perfect example of how BBSniper lives up to the trading maxim of "When you lose, lose a little and when you win, win a lot".  That's what BBSniper does, day in and day out.

And it’s all yours today in MT5 form as a part of this MT5 Conversion Package.

Another custom indicator that has proven popular, more so for confirmations than for signals, is the Renko-SignalAM.

One word of warning:

This indicator DOES repaint, especially after price has been trending for a while.  Small price reversals will cause this indicator to begin displaying reversal signals but if/when price resumes the trend, these signals can disappear from the indicator display.

So what do people like this indicator so much?

As in, highly probable this is going to be a profitable trade.

Take a look at this picture of Renko-SignalAM in action:

Now look at the same pic with the Renko-SignalAM paired with a MACDTrue

Now look at the same pic of the Renko-SignalAM paired with the S-Factor:

Notice how when both indicators lined up in either Buy or Sell formation, the resulting price move was significant?

That is the beauty of the Renko-SignalAM.

When both indicators align, you take the trade.

When the indicators are out of alignment, you pass on any trade until they once again align.

And the Renko-SignalAM is part of the MT5 Conversion Package.

The MACDTrue is another popular indicator in MT4 form, working well with both Renko and time-based charts.  Like any 2-Line MACD indicator, MACDTrue can be used as a standalone source of trading signals as well as confirmation of signals derived from other indicators.

The MACD True is a sort of universal indicator and one of the most popular trading tools across all forms of trading.  It works well on any sort of chart and any time frame.

For instance, here is the MACD True on a 500 pip Renko box chart for the US30:

And a 5 Minute Chart for the US30:

And a 1 Hour chart for the US30:

MACDTrue is another non-repainting indicator as well, so you can rely on it for signals if you choose to do so.

Over the years the #1 request I got from traders who were students, complete stranger, and everyone else in between, was this: Do you know of any really good 2 Line MACD indicators?

I always steered people towards the MACD True and never heard a single complaint back from anyone.

And MACD True is yours to keep as part of the MT5 Conversion Package.

You might find this next statement a little crazy, but my favorite indicator in this entire package is the Fibo Piv v2.

Fibo Piv v2 is a support/resistance indicator which draws a Pivot Line, 3 Support and 3 Resistance lines on your chart at the opening of the Daily chart (5 p.m. eastern time for most brokers).

I had to really scrunch that chart down to get all the lines into the picture which is why the Renko boxes look so odd.

I have been using Fibo Piv since I started trading back in 2005 and I cannot even begin to tell you how accurate it has been in terms of drawing lines in advance on my charts of those spots where price action stalls and turns around.

And without exaggeration, I have had people send me at least two dozen different S&R line indicators over the years they wanted me to check out, and not a single one of them had the consistent accuracy of Fibo Piv v2.

Fibo Piv v2 is the gold standard for Support and Resistance lines.

I have included Fibo Piv with nearly every product I’ve released over the last 18 years and there are traders I have known just as long who will not trade without the Fibo Piv lines on their chart, they have proven to be so accurate.

Use them as targets for exits, or as a reason to delay entering a trade (if you need price to get past a Fibo Piv line in order to get into profit, you would be well served to delay entering until price actually moves past the line…that is how strong they are most of the time.

And all you need to do is just drag the indicator onto the chart.  Fibo Piv does the rest.

The last “open source” indicator is another one I have been using for more than a decade…the Slope Direction Line.  This is an excellent tool for both scalpers and what I call “swing day traders” which are those of you who like to take longer trades but don’t want to leave them open overnight.

You can adjust the Slope to follow price action closely (scalpers) or to give you an overall short term trend (day traders) and once you start trading with the Slope on your chart you likely won’t want to stop using it.

This is the Slope with it's default setting of 80 on a 500 pip box setting Renko chart for the US30:

Same chart with a Slope setting of 30:

And the same chart with a Slope setting of 10:

Notice that as the Slope setting decreases, the Slope Line begins to conform more closely to price action, to a point where the 10 settings runs along the Renko boxes almost in lockstep.

The Slope does not repaint, however, it does take 1-2 boxes in the opposite direction to change colors and lock that change in.  So in the very earliest stages of a color change signal, any reversal back towards the original trend can erase the beginnings of any color reversals the Slope started to display.  So be aware.

I know a lot of you are still using MT4 and likely will continue to do so until your broker pries it out of your hands.

So here is a very simple trading system that works on Renko charts AND time based charts and gives you that one-two punch of tight stops and long price runs in your favor.

So when you lose, you lose a little.

But when you win, you stand to win a lot!

Take a look at this Renko chart for the US30.

The chart reflects price action for Monday, November 13^th, 2023.  Tomorrow, the CPI numbers come out for the US economy and trading today was muted, reflecting trader concern over what those numbers might mean for both short and long term price action for the US 30.

But in spite of the tighter price action, look how well the Renko Shadow Amp, combined with the Renko-SignalAM (one of the indicator included in the main package) did spotting points where price turned and moved in the opposite direction.

If you started using the Shadow Amp/SignalAM combination when the market opened at 9:30 local time, you got five trades in the first hour and every single one moved well into profit, with the last trade moving up 45 points before signaling the exit on the trade.

This is a common result with the Renko Shadow Amp/Renko-SignalAM indicator combination.

Even traders who express a strong distaste for Renko charts admit that this indicator setup has gone a long way towards changing their minds about using Renko boxes instead of time based charts.

I paid a designer to build out a website just for ShadowAmp alone, with the intention of selling it as a standalone product for $149 when my medical issues arose and I back-burnered the project until I was in better shape.

But I’ve since decided to include the MT4 and MT5 versions of Renko Shadow Amp absolutely free as a bonus when you pick up the MT5 Conversion Pack.

You get the MT5 versions of:

Bought separately it would have cost you $650 to buy all these trading tools when they were originally offered (and most are now unavailable at any price).

But right here, right now, when you purchase during the month of November you get them all for a one time only payment of $97.

And unlike so many Forex products on the market now (and in the past) you can actually use these products on Day One and potentially make more from one day’s trading than you spend on the entire package.

If you pair up AutoScaler and the ShadowAmp indicators, you can easily find a series of 20-30 pip/point trades, particularly on charts like US30, NAS100, US500, NIKKEI and DAX (GER30), and turn them into 50-100 pip/point winners.

And if that wasn’t enough to get you interested…

I know that MetaQuotes is going to deep six MT4 at some point, and likely sooner rather than later.

But in the meantime, you, me and just about everyone else who trades with a broker older than 5 years old is staying with MT4.

So my month of November, Black Friday, Fast Action, If You Snooze You Lose Bonus is this:

Buy the MT5 Conversion Pack before the clock strikes midnight on November 30th and you'll get the MT4 versions of all this software at no extra charge.

So you'll get the MT4 version of AutoScaler, of Chart Trader v3, my favorite MT4 Renko Chart Generator, S-Factor, BBSniper, Fibo Piv v2, MACD True, Renko-SignalAM and the Slope Direction Line...

For no additional cost.

So everything mentioned on this page for just $97 as long as you buy before November turns into December.

But as soon as the clock strikes December, the price goes up to $197 and the MT4 Bonus goes away for good.

So if you have been putting off picking up one or more of these MT4 indicators or experts, now is the time to move and grab both the MT4 and MT5 versions of the best indicators and experts available on the market today.

Click the "But Now" box below to get started.

And I will see you on the Download Page.

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