MT4 or MT5

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.

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 ...



=====

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

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

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!

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

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

Vanquish posted:
there's free resources (EA's and Indicators) for both at iMetaTrade

There are much more resources for mt4 compared to mt5

Vanquish posted:
there's free resources (EA's and Indicators) for both at iMetaTrade

True; there have so many traders who are using the mt4 although they are trading based on automatic trading system!

MT5 is just a advanced version of MT4 with more features.

Being a Forex trader, I only use MT4. It’s really good in terms of its simplicity and flexibility.

I find MT4 very user more friendly. May be it is because I am accustomed to using MT4. But there are many who like MT5 as well. It's all about what you are comfort at.

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

Good comparison @togr

I prefer trading MT4 over MT5, as I am more comfortable and find it user friendly.

Visser01 posted:
Good comparison @togr

THX

I agree that MT4 is the best trading platform to trade forex. Whichever forex broker I use, it is only MT4 that I download.

from my first day of trading i have been using MT4 which is mainly considered as a best platforms for all kinds of traders above all who are beginners.

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.