Printable View
Absolutely my dear in fact, I clearly think that it depends on you. Which one is comfortable for you. MT 5 is updated version and latest feature are in meta trader 5 than meta trader 4. So meta trader 5 is best on the basis of reality. But who are use to in Meta Trader4 I think they can not shift to 5 because of comfortness. So as a new trader I think you should practice on updated version.
brother, absolutely to me, I personally do consider that trading in forex market this are the two plaforms the are used for trading there are things that you do when you tradeing there are things that you should know and that is when you tradignyou choose the simpler one i find mt5 more advenced that mt4.
Certainly my dear, as I can see I personally believe there are two kind of trading platform the mt4 and mt5 trading platform but I also prefer to doing the trade on the mt4 trading platform and also feeling better and doing the trade properly ,but I have no any experiences on the mt5.
From the time I started practicing on demo accounts,
I used the trading platform mt4 for trading and I understand this platform better. I have never used the mt5 platform and do not know its features now, but I can easily understand the tools and their use. Mt4 Platform. It's too easy to observe charts, place orders and close them, and operate other necessary tools on this platform.
meta trader 5 may be a new version that has
a new addition feature for traders. Obviously there are many choices and meta traders better than others. 4 others then use mt 4 because the functionality in mt 4 is very familiar with most people. Other then I advise to divert you and use m64 for a beautiful future.
I have never used metatrader 5, but I think what I hear, the advantages of MetaTrader 5 is that we can adjust the time period we like. In metatrader 4 we only have time frame option m1, m5, m15, m30, h1, h4, d1 and so on.
whereas in metatrader 5 we can use time frame m10, M20 and so on, so we can setting as we want. In metatrader 5 we also can not do hedging and martingale. But still in the testing phase, there is still much to do improvement. for beginner I think better use MetaTrader4
I can not give a precise answer to this thread because i am a new student in this platform but in my opinion MT5 would be better. MT5 will also be seen by using it. Thanks.
I am much more comfortable using MetaTrader 4.
because I am used to using metatrader 4. So I hold the features that are present in MetaTrader 4, so use also be more comfortable. and I've also had experience trying to use metatrader 5, but I'm having a lot of trouble using it, because it's harder and I do not understand the features that are in MetaTrader 5.
meta trader 5 is an advanced version and has
some additional features compared to meta trader4
and also all the features in mt4 so mt5 is better but still most traders use mt4 because they already know it very much. and do not want to change it.
Metatrader 4
1. Installation - Metatrader 4 is simple and user-friendly software. Many users prefer Metatrader 4 as metatrader 5 download is not easy as MT4.
2. Compilation of Codes –You can find some differences in features of expert advisor between MT4 and MT5.Metatrader4 is designed with MQL code language, which is faster and easier to compile. But data transfer from Metatrader4 to Metatrder5 cannot occur.
3. Interface – Metatrader 4 has easy to navigate interface. This makes this trading platform popular among forex traders.
4. Trading methods- Metatrader4 offers almost all types of trading methods – hedging and LIFO, while the new version i.e., Metatrader5 does not support hedging and implements FIFO by default.
5. Memory space- Metatrader4 takes up less memory space compared to Metatrader5.
6. Choice of brokers: It has been found that many brokers offer Metatrder4 compared to MT5. So if a trader selects Metatrader4 for trading, s/he can select a broker from a wide range. Moreover, majority of brokers offer key services on MT4 only.
Metatrader 5
1. Variety of Charts and Timeframes – Metatrader5 offers 21 timeframes, whereas Metatrader4 offers only 9.Moreover, MT5 offers unlimited number of charts, out which 100 can open at a time.
2. Fundamental Analysis-Metatrader5 user gets the benefit of an inbuilt forex calendar. Features like news events, schedules, expected impacts, forecasts are also included in this calendar.Metatrader4 does not have this feature.
3. Indicators & analytical object tools – Metatrader5 offers 38 inbuilt indicators,22 analytical tools and 46 graphical objects, whereas metatrader4 offers 30 inbuilt indicators and 33 analytical objects.
4. Market Orders- A trader can send 2 market orders,6 pending orders and 2 stop orders through MT5 whereas, Metatrader 4 allow a trader to send 2 market orders,4 pending orders, 2 execution modes,2 stop orders and a trailing stop.
Although both MT4 and MT5 have their own advantages and disadvantages, still Metatrader 4 has been found to be more popular in the forex trading.