I have been using MT4 for a long long time. I know what kind of brokers use it and how they use it.
If you choose to use it , do it as your own risk.
Simply post a 1 hour chart from MT4 on any indian stock from a indian MT4 vendor and i will show you what issues are there..
Also , tell me how are you going to change timings for open of markets in MT4. if you really know how to use MT4 then you should tell everyone here how to do that.
In any TA software be it esignal/metastock/amibroker/....etc
Every TA software has a option to change the timings. Where is this in MT4? glsmetatrader also should make this clear.
If you don't know which software to use for TA in indian markets after having google and this forum, i don't think you should be trading.
May i know why you are using??? MT4 for long long time, when you find it as least useful software?
1. MT4 is designed as broker client terminal and it is not a full fledged charting or trading analysis platform
2. The best part of MT4 is it is free to use and we can switch to any broker server by changing demo accounts or live accounts we wish to open with them
3. It is never claimed by its creator Metaquotes Inc that MT 4 as TA software, so i don't know reason's behind your comparison with pure TA software designed at product or development levels to do what it is intended for
4. Esignal , Metastock and Amibroker i hope you are well aware of their charges need to be paid by end user and in real life it wont end up with one time cost over time due to the fact of new versions and updates were charged additionally over time
5. MT 4 designed to work based on server time zone to avoid conflicts between trading customers and a broker, and well it suits the purpose for what it is intended for
eg: Suppose take a retail client claims a trade was not properly filled by the facts of some reason's it will be bit cumbersome for a broker to compare if the client terminal trade log shows different time zone vs their server log will be a major logic behind to set their client terminal to work based on server time zones instead of option to switch own time zone, Metaquotes is well capable to develop any thing they want and they have team but provided it serves their purpose and category of business