Advantages of MT4 over MT5
Advantages of MT4 over MT5
Hey friends!
metaTrader 4 is a widely used platform for Forex traders. the Forex market is full of complexities. Fortunately, MetaTrader 4 allows traders to untangle these complications to ensure their future success. There are many reasons why people still prefer using MT4 despite having other options.
here i mentioned some reasons why people like mt4 not mt5. i hope you will be agree with me.
1. Forex traders consider MT4 a better platform than MT5 because of its user-friendly features. This is especially true for beginners.
2. MT5 offers more advanced capabilities than MT4. This allows Forex traders to trade and conduct technical analysis all at once. The difference between them is how the charts appear on the user interface. 5th version of MT platform offers bigger icons and graphs that many traders considered to be bulky. In fact, they see this feature as more of a waste of chart space.
3. The Fibonacci Retracement tool is among the traders’ favorites in MT4. Unfortunately, major changes were made in the Fib for MetaTrader 5. It actually made some users disappointed when they tried this tool in 5th version of MetaTrader. The Fib drawn in currency charts has changed so much that traders find it useless. In any case, feel free to download Fibonacci tool for PC.
4. MetaTrader 4 supports hedging while 5th version does not. This is why many traders still use 4th version as it provides them with more trading freedom.
5. The most surprising thing about MT5 is that it also does not support expert advisors from the previous platform version.
6. MT5 memory consumption is higher. It uses about three times more RAM than its predecessor.
7. Nowadays, there are actually more brokers using MT4. They find the older trading platform more convenient than the new one. MT5′s core concept lacks many things that could only be found in the previous version. Experienced traders claimed that MT4 was designed for them while MT5 is for other parties.
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