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MT4 or MT5

tforexx (tforexx)
Mar 29 2019 at 11:17
6 posts
One is not better than the other. MT5 was designed to fit a certain market and therefore the discussion about which one is better is not really adequate.

In general MT4 works well, is easy to use and has all the necessary features for a forex trader, if you don't need the added functions of MT5.

nick3232
Mar 31 2019 at 06:43
160 posts
mt4 works great why switch

HappyForex
Mar 31 2019 at 06:46
253 posts
MT5 has a different structure of orders. You cannot have 2 orders on the same currency. In MT5 there are positions and there’s always 1 position per currency. If you open more orders they are merged into a single one (adjusting the net lot size and net open price). So you cannot achieve exactly the same logic as in MT4 what is not appropriate for someone.

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AniLorak
Mar 31 2019 at 08:27
920 posts
tforexx posted:
One is not better than the other. MT5 was designed to fit a certain market and therefore the discussion about which one is better is not really adequate.

In general MT4 works well, is easy to use and has all the necessary features for a forex trader, if you don't need the added functions of MT5.

I trade manually & price action trading is my main weapon; so I have no problem with the mt4; that’s why, till now comfortable with the older version.

Adribaasmet
Jul 31 2019 at 05:18
947 posts
Hi Ani; have you ever tried for mt5? I think no; because you’ll get much better look on the mt5; the chart is much attractive on mt5 trading platform!

Artemsb
Aug 03 2019 at 10:33
12 posts
MT4 since i started trading

Aaronpp
Aug 06 2019 at 00:02
7 posts
The best platform is the MT4 because it is the easiest to use, thanks to that and having a lot of time on the market is the most common in most brokers that exist on the internet, whereas MT5 is more recent and not so easy to handle compared to its previous version, this is why it is so common that most market users prefer it.

SNF_Complex (SNF_Complex)
Aug 06 2019 at 00:48
216 posts
HappyForex posted:
MT5 has a different structure of orders. You cannot have 2 orders on the same currency. In MT5 there are positions and there’s always 1 position per currency. If you open more orders they are merged into a single one (adjusting the net lot size and net open price). So you cannot achieve exactly the same logic as in MT4 what is not appropriate for someone.


no you can,

if broker support hedge acc. for mt5 ... you can easy open any orders in any directions ... for one instrument .. as in mt4

but not all brokers support & allow this ...

SNF-Complex system - build in 2007 \ Tested from 1970.
togr (togr)
Aug 06 2019 at 06:17
4862 posts
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

Chikondi
Aug 06 2019 at 10:33
10 posts
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

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