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MT4 or MT5
Member Since Feb 22, 2011
4573 posts
Aug 06, 2019 at 11:14
Chikondi posted:
Why is backtesting poor on MT4? I have been using it for years to back test strategies and has worked fine. I get 99% accuracy with tickstory data. I only got 1 year of data when I tried backtesting on Mt5
Well yes but tickstory is not part of mt4 but
3rd party paid product.
Member Since Jul 22, 2013
123 posts
Aug 07, 2019 at 21:43
togr posted:
MT4
+ many eas and indies and programming support available
+ easy to use
+ supported by many brokers
- poor backtesting capabilities
- poor multipair capabilities
mt5
+ great backtesting
+ advanced programming possibillities
- not so much brokers
- not so big programming support
- mt4 eas wont work in mt5
EA can work at mt5 from mt4 by bridge usign ....
also other problem CME-futeres trading work now in all world only at one broker - amp-futures & work not ideal ...
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SNF-Complex system - build in 2007 \ Tested from 1970.
Member Since Feb 22, 2011
4573 posts
Aug 08, 2019 at 12:09
Rohtas posted:
Anyone know if there are any plans for an MT6 or maybe MT4+ which has the features of MT5 but MT4 coding? It seems that most people still prefer MT4
Forget about mt4, development is being abandonded by crapware metaquotes company
Member Since Aug 27, 2017
875 posts
Aug 27, 2019 at 14:49
Rohtas posted:
Anyone know if there are any plans for an MT6 or maybe MT4+ which has the features of MT5 but MT4 coding? It seems that most people still prefer MT4
Maybe in near future; but till now mt5 is struggling by comparing the popularity of mt4!
keeping patience.......
Member Since Feb 22, 2011
4573 posts
Aug 28, 2019 at 10:01
Idowu posted:
Metaquotes should just abandon MT5 and go back to updating MT4. They need to face reality that Mt5 has not been a success. Go back to what people like and use incremental updates over the years
Yes but I think they would push mt5 by force instead
Member Since Feb 22, 2011
4573 posts
Aug 28, 2019 at 13:38
Vanquish posted:
there's free resources (EA's and Indicators) for both at iMetaTrade
There are much more resources for mt4 compared to mt5
Member Since Mar 16, 2020
54 posts
Oct 07, 2020 at 06:44
MT5 is just a advanced version of MT4 with more features.
Member Since Jul 01, 2020
25 posts
Oct 26, 2020 at 07:07
Being a Forex trader, I only use MT4. It’s really good in terms of its simplicity and flexibility.
Member Since Feb 22, 2011
4573 posts
Oct 27, 2020 at 13:48
MT4
- easy to learn programming
- a lot of programs and code developed already
- huge base of brokers to select from
- sucks at backtesting
MT5
- not easy to learn programming, old MT4 code does not work in mt5
- not so much programs and code developed already
- not so many brokers to select from
- excel at backtesting
- easy to learn programming
- a lot of programs and code developed already
- huge base of brokers to select from
- sucks at backtesting
MT5
- not easy to learn programming, old MT4 code does not work in mt5
- not so much programs and code developed already
- not so many brokers to select from
- excel at backtesting
Member Since Sep 12, 2017
232 posts
Oct 28, 2020 at 07:48
I prefer trading MT4 over MT5, as I am more comfortable and find it user friendly.
Member Since Feb 22, 2011
4573 posts
Oct 28, 2020 at 10:41
Visser01 posted:
Good comparison @togr
THX
Member Since Oct 01, 2020
33 posts
Nov 05, 2020 at 10:53
I agree that MT4 is the best trading platform to trade forex. Whichever forex broker I use, it is only MT4 that I download.
Member Since Oct 12, 2020
26 posts
Nov 06, 2020 at 11:30
I have only used MT4 so far. I never felt the need of changing the platform. It’s so easy to customize it and execute trades.
