Do you use MT4 or MT5?

Oct 16, 2022 at 01:28
Vues 613
11 Replies
Membre depuis Feb 20, 2021   posts 2
Oct 16, 2022 at 01:28 (édité Oct 16, 2022 at 01:28)
Do you use MT4 or MT5? And why?
Membre depuis Apr 09, 2019   posts 538
Oct 17, 2022 at 09:23
MT4 because it is simple and easy to use.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Aug 19, 2021   posts 234
Oct 17, 2022 at 11:05
Oh I like MT4. I learned to trade on this platform, and continue to trade so far. That's why I chose MT4 lol. Although I heard a lot of good reviews about MT5. But I haven't tried it myself. I can't say anything about it.
Membre depuis Apr 03, 2021   posts 470
Oct 18, 2022 at 23:29
Now I still use the MT4 trading platform, but I am also trying to use the Ticktrader terminal platform. This terminal platform is offered by an FXOpen broker that offers one account to access all CFD markets,.
Membre depuis Oct 19, 2022   posts 3
Oct 19, 2022 at 06:53
I use MT4 because it is more reliable. MT5 crashes on me from time to time.
Membre depuis Feb 20, 2021   posts 2
Oct 20, 2022 at 22:58
ctr1984 posted:
Do you use MT4 or MT5? And why?
I use MT5, one reason is it has more choices of timeframe than MT4, like H2, H3, H6, H8, H12.
Membre depuis Jun 26, 2020   posts 327
Oct 21, 2022 at 08:28
from my first day of trading i have been using MT4 that is really comfortable to use.
Membre depuis Oct 12, 2016   posts 855
Oct 21, 2022 at 14:35
Well, I have tried both MT4 and MT5 thoroughly for last 5 to 6 years and so I can give a much better explanation about advantages and disadvantages.

Originally, obviously I started with MT4 only and I still continue and prefer to use MT4 over MT5 after using for 15 years or more.

The primary reason for choosing MT5 over MT4 was because it has many inbuild libraries and functions which are useful for machine learning algos and it has better options for training, optimization, testing, has multiple timeframes etc. Also, MT5 is better to connect with external platforms and you can hire sever resources for training. So basically, MT5 is for advanced traders who are mainly focused on backtesting, optimization, machine learning algos etc.

The biggest disadvantage of MT5 is that the programming language MQL5 is completely different from MQL4 and there is no shortcut to convert the code from MT4 to MT5 even though some basic libraries are available.

So still I use MT4 only for machine learning algos also without using MT5 since I can write anything and train in my own server quickly. But in MT5, writing code is difficult for simple concepts as well as I also quickly realized that any such algos which can run in MT5 and not on MT4 are just theoretical concepts and actually they don't make profit or can't make profit practically due to lack of computing power as a whole and so there is no use of MT5 and advanced algos which can only run in MT5.

In short, if anything which MT5 can do, then MT4 can also most likely do with little more efforts from the trader or programmer and so I still like to stick with MT4 only.
Artificial General Intelligence
Membre depuis Aug 05, 2021   posts 401
Oct 21, 2022 at 15:49
MT4 for me. Always liked it better, just the look and feel of it, plus I picked a broker that offers MT4 so it all worked out.
Membre depuis Apr 17, 2023   posts 1
Apr 17, 2023 at 10:41 (édité Apr 17, 2023 at 10:42)
MT4 is widely used by traders because it is more established, has a larger user community, and offers a wider range of third-party plugins and add-ons. MT5, on the other hand, offers more advanced features, such as more timeframes, more types of orders, and a built-in economic calendar.
The choice between MT4 and MT5 ultimately depends on the individual trader's needs and preferences. Traders who are more focused on technical <a href=''>analysis</a> and use a lot of custom indicators and expert advisors may prefer MT4. On the other hand, traders who are more interested in fundamental analysis and want access to more advanced order types may prefer MT5. Ultimately, the choice between MT4 and MT5 comes down to personal preference and the specific trading strategy and goals of each individual trader.

Membre depuis Apr 20, 2023   posts 4
Apr 20, 2023 at 17:38
I think that MT4 will be relevant for many years to come.
Membre depuis Jan 25, 2022   posts 165
Apr 21, 2023 at 05:59
MT4. not much reason, it's just habit.
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