Comparison of MetaTrader 5 and MetaTrader 4
Besides being regarded as an updated version of MT4, MT5 is actually a different trading platform that aims different market and trading preferences.
MT5 is designed based on a brand new coding language and better scripting tools.
MT4 is built to mainly focus on trading FX and some CFDs.
With the introduction of MT5, traders can select to trade among many products: Stocks, Indices, CFDs rather than just FX.
| Features |  |
 |
|
Order execution types |
4 | 3 |
|
Partial Order Filling Policies |
Yes | No |
|
Order Fill Policy |
Fill or Kill Immediate or Cancel Return |
Fill or Kill |
|
Pending Order Types |
6 | 4 |
| Netting Having one open position of a financial instrument only |
Yes | No |
| Hedging Having multiple positions of a financial instrument, both in the same and opposite direction |
Yes | Yes |
| Market Depth Bids and offers for a financial security at different prices depending on the volume |
Yes | No |
| Technical Indicators Technical indicators are used to automatically detect patterns in the financial instrument price dynamics |
38 | 30 |
| Graphical Objects Analysis tools that help to identify financial instrument price trends, to detect cycles and support/resistance levels, to build channels and more |
44 | 31 |
| Time frames Group quotes of financial instrument in time intervals |
21 | 9 |
| Economic Calendar A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices |
Yes | No |
| Email System Built-in email service, where you can receive notifications from Alpari International straight to your platform |
Yes |
Yes |
| Strategy Tester EA tester and optimization modes |
Multi-threaded |
Single thread |
| Embedded MQL5.community chat Chat with other traders directly from the platform |
Yes | No |
Comments
0 comments
Article is closed for comments.