MT5 is not that bad and maybe even better than MT4 in some aspects. I think more people prefer MT4 because they know it well and use it from long time ago. They are used to it. Also those people think that changing to another platform will be hard, will take a lot of time or even that on MT5 their strategy will not work the same way. I suggest everyone can try MT5 and they will see that it is also a really user-friendly platform.
One of the key difference between mt4 and mt5 is the programming language. In mt5 the language used to develop EAs and Indicators is MQL5.
Though MQL5 and MQL4 may sound similar, but MQL5 is completely a different language than MQL4 and of course, mql5 is NOT an upgrade of mql4 which some may think.
Usage of mql5 has many big advantages which are almost impossible to achieve in mql4 as well as few disadvantages at the same time.
The main disadvantage is that mql5 is different from mql4 and there is no easy way to convert your favourite EAs, indicators to mql5 when you switch from mt4 to mt5. So you need to program from scratch or hire a programmer.
The main advantage of Mql5 is that it uses object oriented programming and the syntax is very similar to c++ and so if you already know c++, then you can quickly learn mql5.
There are few very important strategies like advanced machine learning or Artificial intelligence which can be easily implemented in MQL5 which is almost impossible to achieve in mql4.
MT4 is still the best platform which we need to use to trade in Forex trading because by so doing I guess that we will have all the functions and features which will enable us to trade and get the best form here though some people still prefer MT5.
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