because this is a major major event that
happened everybody is freaking out on
the internet if you are in the day
trading space the mt4 and mt5 have been
removed from the iOS Apple App Store I'm
gonna give you my hypothesis on this
situation and what you can do in the
meantime
[Music]
welcome back to the channel everybody my
name is Artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable if you're anything like me
you have one two three four phones maybe
I'm just a weirdo but all of these
phones have mt4 and mt5 pre-loaded on
them so what I should do is delete all
my information and sell them on eBay
because if you don't have if you want to
get into day trading and you don't have
I'm gonna sell this for twice the price
that it's normally at trading on your
phone is okay if you have no other means
but in comparison to trading on a
computer and being in the zone and like
actually having a space and an area
where you do your trading you do your
analysis you figure out what the hell is
going on you have a bigger screen it's
much more efficient than this crap I did
this for a very long time and the issue
that I saw especially with my scalping
is that when I wanted to get into a
trade right now I would have the
tendency to get into a trade then adjust
the trade with my stop loss and my take
profit even that is ridiculously
dangerous because had I not been aware
of a news event could have blown account
after account after account so I
actually no longer trade on mobile
devices before I get into what I
actually do and why I think it's better
I want to go over the whole news thing
because as you can see here Apple pulls
down mt4 and mt5 trading apps from the
App Store meta quotes which is the
company that runs the metatrader
platforms says the action is not linked
in any way to Western sanctions on
Russia I will get into that a little bit
later but keep in mind for everybody
freaking out most people actually have
Android phones so the trading apps are
still available on the Google Play Store
it may remain on the Google Play store
or it may also get removed there
depending on what Google wants to do so
essentially from this article the
company received a letter from Apple on
Friday September 23rd stating that the
firm's trading apps do not comply with
the App Store review guidelines and if
you are familiar with the big boys like
apple like Amazon like Google if they
Blacklist you your company literally
just like dies and that's the thing that
worries me because now somebody's got a
to step in to take this place because if
you look at meta quotes as a company
that's a huge hit financially and so now
they need to figure out a workaround or
a way to contact all of their customers
and say hey we have this option for you
or hey we suggest desktop instead or hey
burn your iPhones and get a freaking
Android phone it's a hard thing to come
back from for example if you drop ship
on Amazon or you have an Amazon store
where you sell things there and they ban
your account your company just is
instantly dead unless you have a crazy
good email list so the apps were pulled
down on the aforementioned date on the
23rd the software development company
noted Apple provided assurance that
customers who have already downloaded
the app will not be affected these
customers can still use the app on their
devices and will have access to any
in-app purchase products so if you guys
want mt4 mt5 these are eight thousand
dollars each I'm kidding I'm not selling
these these each one of them has their
specific needs in my life so in regards
to the sanctions on Russia it says here
medic quotes is said to have originated
in Russia it's not said to have it did
Google it as a result reports suggest
that its removal from the App Store may
be connected with the Western sanctions
on Russia entities and individuals as a
result of Russia's war on Ukraine if you
go on Reddit and find some of these
threads you will find some very
interesting stuff very conspiracy theory
based but very interesting and makes you
think about the situation differently
for example in this thread it says that
the creator of meta quotes the company
that runs mt4 and mt5 is like buddy
buddy with the Russian oligarchs and is
helping them move money around and so
that's why this is all happening
unproven undocumented conspiracy theory
tinfoil Hat type of stuff but it's very
interesting to get a different in
perspective on it I'm going to link all
of these articles that I'm looking at as
well as the Reddit thread but I want to
cover this one also that both apps are
available on Google Play and equivalent
for android phones as of Saturday 9 pm
the desktop versions also remain
unaffected at the moment there is no
publicly accessible information about
The Beneficial owners of meta quotes
besides CEO Renault fat
Coolin who himself has always kept a low
profile the United States and its allies
particularly the particularly the EU
have imposed several rafts of sanctions
targeting Moscow following Russia's
February 24th invasion of Ukraine
including targeting its central banks
major ledgers oligarchs business Elites
and Russian President Vladimir Putin so
here's my thing
mt4 and mt5 is used by every single
broker usually the default is mt4 so
every single retail Trader that uses
these Brokers especially leaning more
towards offshore Brokers because us
Brokers have completely removed the
ability to do that this is going to have
a huge impact on the retail Trader
industry we will see what happens over
the next few months and or if a new
company arises that will be in direct
competition with mt4 and mt5 I honestly
hate both of them because their
programming looks like it was made in
1995. my other tinfoil hat conspiracy
theory on this is it's the same thing as
with Robinhood and AMC and GameStop and
all of that like halting trading on
those things for retail Traders while
big Market Movers move the market and so
all I can can think is that this is
happening in order to get Traders
stopped locked and stuck in things that
they don't want to be stuck in while the
market makes a stupid crazy move in a
Direction but again I really highly
suggest that you do not trade on these
things this is the worst way to trade
and the way that you should trade is on
desktop even though it is a pile of the
reason why you should do it on here is
because you are going to place your
trades on here and you are analyzing the
charts here and the desktop version
allows you to add manually different EAS
and Bots as well as different indicators
and things that you created yourself
whereas on the mobile device you are
stuck with the built-in indicators that
it gives you on there limiting your
Reach For Your Potential to technically
analyze the charts and of those reasons
the main one one is going to be the EA
because literally without this risk
calculator I would be putting my entire
account balance at risk and this allows
me to get into my trades faster clicking
the sell button adjusting my stop loss
and entering my trade literally two
seconds this sets up your stop loss and
your take profit and automatically
calculates your lot size depending on
your percentage risk this is the way you
should trade but on your phone you
literally have to manually type in all
of the stop loss and take profit
information look at one chart type in 30
186.25 and then stop loss there's 29 000
for it and it it takes a while right and
by that time you're like 10 points away
from where you actually wanted to get in
for me anyway that's the scalping so for
those of you that are freaking out about
the whole mt4 mt5 thing on your phone
and you have to trade on your phone
literally go buy a really cheap Android
phone and connect to Wi-Fi and you you
can have have it on there that is your
workaround I do suggest you do it on
desktop however but if you can't afford
a laptop and phone is the only way to
trade get yourself an Android phone but
those of you that are probably watching
this video and interested in this type
of things already have phones with those
programs pre-installed so don't erase
your content on your phone keep it how
it is and understand that it's going to
be there and it won't lose support so as
long as you have an iPhone that has mt4
or mt5 on it already you have nothing to
worry about the thing that you should
worry about is what are the long-term
effects of this are we going to see a
new player in the game are we going to
see a new trading platform for Brokers
and or is my conspiracy theory correct
that there's going to be a major Market
move which is going to keep half of the
retail Trader audience out of that move
I don't know that's my two cents there
is a bunch of information on the
internet a lot of it is speculative and
the rest of it is been redacted so let
me know in the comment section down
below if you have any other information
on this maybe I can do a follow-up video
depending on what people are saying in
the comments I'm definitely going to
keep an eye on this because this is a
major major major event that happened if
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