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.
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.
Mar 31 2019 at 06:43
mt4 works great why switch
nick123427@
Mar 31 2019 at 06:46
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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Mar 31 2019 at 08:27
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.
Jul 31 2019 at 05:18
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!
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.
Aug 06 2019 at 00:48
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 ...
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Aug 06 2019 at 06:17
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
+ 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
