MT5 is an upgraded version of MT4, which is the latest trading software developed by MetaQuotes platform (Majdak). It is widely used by international investors in the fields of stocks, futures, gold, foreign exchange and so on. Its powerful functions, simple interface and convenient operation are deeply loved by investors.
Difference one, using objects.
MT4 trading platform is more suitable for users with certain investment and operation experience; MT5 trading platform is suitable for those professional and experienced investors.
Difference two. Functionally.
The functions provided by MT4 trading platform are as follows:
65438 +0. MT4 trading platform provides multilingual support interface with high international recognition;
2.MT4 trading platform provides trailing stop function;
3.MT4 trading platform has 30 internationally popular technical indicators, 18 line drawing tools, 9 trading time options and perfect early warning tips;
4. It has locking function;
5. Using MT4 trading platform, the minimum number of trading hands is 0.1;
6. Use MT4 trading platform for trading, and each order will be displayed separately. When closing positions, you can choose to close positions separately, partially or completely.
MT5 provides professional technical indicators and analysis functions for investment users, with the following functions:
65438 +0. MT5 trading platform provides multilingual support interface with high international recognition;
2.MT5 trading platform provides trailing stop and early warning functions;
3.MT5 trading platform has more than 70 kinds of technical indicators, drawing function and early warning function;
4. No locking function;
5. The minimum number of trading lots on 5.MT5 trading platform is 0.1;
6. Using the MT5 trading platform, the system will automatically add up the orders of the same product in the same direction. When customers close their positions, they can only choose to close their positions according to the number of positions or all of them, and they cannot close each order separately.
Through the comparison of the above two functions, we can clearly know that MT4 supports the warehouse locking function. Orders of the same variety, different directions and different quantities are executed independently, without interference, and multiple orders can exist at the same time. For the same variety, there is always only one MT5, and locking is not allowed. Relatively independent orders can be given flexible operation, and the locking function is also conducive to the capital turnover of small funds. Therefore, it is undoubtedly more convenient for small capital investors to use the MT4 trading platform.
Secondly, these two trading platforms also have different pending orders. There are four common pending orders on MT4 trading platform: buy limit, buy stop, sell limit and sell stop. On the basis of these four pending orders, MT5 trading platform has added two pending orders: buy stop limit and sell stop limit.
Buy Limit: This order placing method is a combination of buy limit and buy limit. As long as we set a price when the market touches this price, it can be achieved, no matter whether the price we want to place an order and the current price are large or small.
Sell Order Limit: This method of placing an order is a combination of sell order limit and sell order limit. As long as we set a price when the market touches this price, it can be achieved, no matter whether the price we want to place an order and the current price are large or small.
MT5 trading platform can provide more financial products. In addition to precious metals, foreign exchange and futures, it can also provide real-time quotation and trading of financial investment products such as stocks and options, and the products traded are more diversified. Secondly, the MT5 trading platform provides more powerful functions. In addition to providing real-time quotation and trading of various investment products, it also provides four zoom modes, 19 line drawing tool, 2 1 trading time chart option, 38 international popular technical indicators and 39 image objects, and the trading function has been significantly improved.
Although MT5 has more advantages than MT4, it is not as stable as MT4, and the historical data capacity only accounts for 10% of MT4. Therefore, it has not been widely used, and the mainstream product of the real-time market trading platform is MT4.