First, foreign exchange speculation is inseparable from trading software. Some people say it's MT4, some people say it's MT5, and some people say it's an upgraded version of MT4. Is that so? This article will show you the difference between MT4 and MT5. First of all, both MT4 and MT5 were developed by Russian Majdak Company. From Majdak official website's introduction, we can see that the core slogan of MT4 is "the most popular foreign exchange trading platform", so MT4 is mainly aimed at the foreign exchange market. Official website's introduction to MT5 is different. It supports a wide range, including futures, stocks, bonds and so on. Therefore, official website's core slogan for MT5 is "the strongest trading platform in the foreign exchange financial market".
Second, the main differences between MT4 and MT5
1. MT4 with different support ranges mainly focuses on foreign exchange transactions and supports CFD transactions; MT5 supports a much wider range, including stocks, futures and bonds.
2. Traders with different market depths can understand the market liquidity through the market depth of MT5, which is more transparent and intuitive; And MT4 didn't.
3. Order processing There are only two ways to process orders for different MT4, either all of them are closed or all of them are cancelled; While MT5 allows partial order processing.
4. Different pending orders There are four common pending orders in MT4, namely, buy stop loss, sell stop loss, limit purchase and limit sale; MT5 added stop-loss multiple orders and loss-limiting empty orders to MT4' s four pending orders. These two new pending orders were bought or sold at the entrance of the assembly.
5. Different operating systems MT4 were launched in 2004, supporting 32-bit operating system and 4g memory operation; MT5 was launched on 20 10, supporting 64-bit operating system, and its running speed was greatly improved.
6. Different technical indicators MT4 technical analysis tool contains 30 built-in indicators, providing 24 analysis objects to help traders better analyze price trends; On the other hand, MT5 has added eight technical indicators to MT4.
Three, the above are the six major differences between MT4 and MT5. MT5 is not an upgraded version of MT4. They are actually different in many functions and target market positioning, and they are very different. How should investors choose MT4 and MT5? If investors need to do a lot of offline backtesting, or want to trade stocks and commodity markets, then MT5 is a better choice. In addition, MT4 is a better choice. Of course, the so-called carrots and vegetables have their own tastes, and whether MT4 and MT5 are better or worse cannot be judged only by these points. For wide traders, it is always the same sentence, and the software suitable for their own trading is the best.