MT4 or MT5

By and large trader’s inb particularly the newcomers always vote for MT4. There is anybody who has good experience about MT5 than MT4?

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.

not me. I started using Mt5 but all the robots I bought only worked on mt4!

My broker does not offer mt5 at some point I would migrate, but first it has to be more popular

cdtrader82 posted:
My broker does not offer mt5 at some point I would migrate, but first it has to be more popular

Hello Dario, But if you don't have a good strategy is probably you will get the same results.

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.

From my 1st day of trading, I am with mt4 trading platform! Although, I trade based on technical analysis but I am happy on technical features of the mt4 trading platform.

More than 70% traders are trading with the Mt4 trading platform, this is the most popular one! Yes, I am also using the mt4 trading platform in my live trading.

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.

It’s almost 2019 but till now I’m working with mt4; and I have objection on the fratures of mt4. So, no question to change it.

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.

mt4 works great why switch

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.

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.

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!

MT4 since i started trading

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.

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 ...

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