First of all, let’s first understand what aspects of the MT5 foreign exchange trading platform are better than MT4.

1. More technical indicators. MT5 has more than 70 powerful technical indicators such as indicators, chart templates, and intelligent strategies, and can conduct EA testing on multiple currencies; 2. It has trend charts for different time periods. Including 2-minute charts, 3-hour charts, and more than 20 kinds of trend charts for various time periods; 3. More trading varieties. Compared with MT4, MT5 has a relatively complete range of trading varieties. In addition to precious metals, futures, and foreign exchange transactions, MT5 also supports the trading of stocks and other products; 4. The MT5 foreign exchange trading platform points out a variety of order methods. The order methods of MT4 include Buy Limit and Buy Stop. , Sell Limit, Sell Stop. On this basis, MT5 adds two order placing methods: Buy Stop Limit and Sell Stop Limit, making the operation more convenient.

After talking about the advantages of MT5, let’s take a look at what advantages the MT4 foreign exchange trading platform has over MT5?

The first and most important point is stability. MT4 is a globally recognized trading platform with high stability. In this regard, the MT5 foreign exchange trading platform is completely unmatched, and the historical data capacity provided by the MT5 trading platform only accounts for 10% of that of MT4. We all know that when doing investment transactions, the platform Stability is the most important. An unstable trading platform may cause frequent slippages, causing you to suffer huge losses.

Next, there is the functional difference. Although the MT5 trading platform has some functional improvements compared to MT4, the MT5 trading platform lacks a very important function - the hedging function that is often used in MT4. MT5 only has one order for the same type of investment product, and no lock-up is allowed. But experienced investors all know that the lock function can help investors get more protection against the risks of their accounts. Also, the MT5 trading platform follows the default rules of first-in, first-out (FIFO) and does not support hedging operations.

In addition, although the MT5 trading platform is more personalized than MT4, it is slightly complicated and inconvenient for users to operate. In comparison, the MT4 trading platform appears simpler and easier to operate, with all functions clear at a glance. This is especially reflected in the analysis indicators. It is difficult to find the closing price point on the MT5 trading platform due to the dense K-line or interference from other technical indicators. The MT4 trading platform can display the data of a single K line, and there will be no data confusion.

Through the above detailed introduction, I believe you are already very clear about the advantages of the MT4 foreign exchange trading platform over MT5, right? The MT4 trading platform is suitable for users with certain investment operation experience, while the MT5 trading platform is more suitable Senior trader.

(Source: Elan Financial)