Trades on MT4 and MT5

[Jared]

In what sense are they different? Both of these platforms are similar. It's just that MT5 is a more modern and sophisticated platform. And most importantly, updates are coming to it. Naturally, it is more adapted for algorithmic trading. It's no secret that modern algorithms often represent the most complex systems that require the platform to process maximum data in a minimum of time. In this, MT5 is certainly superior to MT4. But this is the requirement of the time.

Totally support you, buddy!
How are your results on demo account? What brokers are you working with now?

 

[Trader FX]

Hello everyone, isn't MT4 and MT5 the same thing? They look exactly the same and have similar names. I don't see any difference between them.

 

[Rainis]

Buddy mt4 and mt5 are the product and development of the same company. But there are also certain differences between them.

One of the first things a user will notice is that MT5 has been given a roomier dashboard, making the buttons clearer and easier to use. However, this curtails the charting area, which means that the Fibonacci retracement tools work less precisely on MT5, so if you’re a fan of Fibonacci, maybe MT4 is for you. However, if you prefer to have a well laid out and easy-to-use interface, maybe its successor is more up your street.

MT5 is substantially greedier for disk space, demanding more than three times its predecessor’s footprint on your PC or VPS, significantly affecting download/installation times and VPS allowance. MT4 is lighter and provides many of the same functions as MT5, so might be more desirable to those looking for a more nimble platform.

With that being said, MT5 does offer some noticeably better features, including more sophisticated analytical tools and graphs, more timeframes and generally more trading instruments and methodologies.