Why we prefer MT5

Why we prefer MT5. It is faster and more efficient than MT4. It doesn’t replace MT4. It is different in that MT5 offers far more than MT4. MT5 provides the ability to trade more instruments in almost all financial markets, including Forex, stocks, indices, commodities, and even cryptocurrencies. MT4 does not. We chose to go with the platform that sets the trend.

Features

MT5

MT4

Timeframes
  • 11 minute charts
  • 7 hourly charts
  • Daily chart
  • Weekly chart
  • Yearly chart
  • 4 minute charts
  • 2 hourly charts
  • Daily chart
  • Weekly chart
  • Monthly chart
Indicators
38 indicators and 44 analytical objects included, thousands more through Code Base and Market
30 indicators and 33 analytical objects included, thousands more available through Code Base
Pending Orders
  • Buy Limit
  • Sell Limit
  • Take Profit
  • Buy Stop
  • Sell Stop
  • Stop Loss
  • Buy Stop Limit
  • Sell Stop Limit
  • Buy Limit
  • Sell Limit
  • Take Profit
  • Buy Stop
  • Sell Stop
  • Stop Loss
Reports
Charts in HTML 5 plus tables
Tables only
Market Depth
Yes
No
Economic Calendar
Yes – built into the terminal
No
Publishing Charts Online
Yes – traders can easily save and share images of their charts. They can also view their previously saved charts in a dedicated gallery.
No
Access To MetaTrader Market
Yes – a market of subscription or purchasable indicators, EAs, and scripts from the MQL5 comunity.
No
Testing Modes
  • Every tick
  • One minute OHLC
  • Open price only
  • Mathematical calculations
1
Programming Language
MQL5
MQL4

Timeframes

MT5

✓ 11 minute charts
✓ 7 hourly charts
✓ Daily chart
✓ Weekly chart
✓ Yearly chart

MT4

✓ 4 minute charts
✓ 2 hourly charts
✓ Daily chart
✓ Weekly chart
✓ Monthly chart

Indicators

MT5

38 indicators and 44 analytical objects included, thousands more through Code Base and Market

MT4

30 indicators and 33 analytical objects included, thousands more available through Code Base

Pending Orders

MT5

✓ Buy Limit
✓ Sell Limit
✓ Take Profit
✓ Buy Stop
✓ Sell Stop
✓ Stop Loss
✓ Buy Stop Limit
✓ Sell Stop Limit

MT4

✓ Buy Limit
✓ Sell Limit
✓ Take Profit
✓ Buy Stop
✓ Sell Stop
✓ Stop Loss

Reports

MT5

Charts in HTML 5 plus tables

MT4

Tables only

Market Depth

MT5

Yes

MT4

No

Economic Calendar

MT5

Yes – built into the terminal

MT4

No

Publishing Charts Online

MT5

Yes – traders can easily save and share images of their charts. They can also view their previously saved charts in a dedicated gallery.

MT4

No

Access To MetaTrader Market

MT5

Yes – a market of subscription or purchasable indicators, EAs, and scripts from the MQL5 community.

MT4

No

Testing Modes

MT5

✓ Every Tick
✓ One minute OHLC
✓ Open price only
✓ Mathematical

MT4

1

Programming Language

MT5

MQL5

MT4

MQL4