The MetaTrader 4 Platforms
One of the most popular trading platforms is highly regarded by traders due to its user-friendly interface. On the other hand, since MT4 is written in MQL4 language, it allows users to select and run an expert advisor or their own custom robot.
The MetaTrader 5 platforms
MetaTrader 5 is known for its diverse range of services. In addition to forex, CFDs, and stocks, this trading platform allows you to trade options and futures. The economic calendar is another feature of this trading platform that enables you to stay informed about the latest news and market events in the forex market. Furthermore, its high-performance programming language allows you to create your own technical analysis indicators
Check out the difference between MT4 and MT5
MT4 | MT5 | |
|---|---|---|
| Market | Forex, CFDs, Stocks | Forex, CFDs, Stocks, Futures |
| Time Frame | 9 | 21 |
| Back Testing | Slow Single-Back Testing | Fast Multiple-Back Testing |
| Depth of Market |  |  |
| types of pending orders | 4 | 6 |
| Economic Calendar | | |
| Technical Indicators | 30 | 38 |
| Operating Difficulty | LOW | Medium |
| Expert Advisor | | |