The difference between MT4 and MT5 and what is better for trading
What is meta rolling?
MetaTrader is an electronic trading platform provided by brokerage firms to their users to trade in a range of financial markets, particularly the foreign exchange market or the so-called forex. The company was founded in 2005 and is currently the most popular platform. Traders are spread all over the world, and the second platform is the MetaTrader 5 platform released in 2010, which is the most developed and least popular platform in the market.
MetaTrader platforms are almost identical in look and function, both are trading platforms that provide tools, charts, order management and trades, they have the same user interface, both platforms are offered by most brokers and can be accessed on a computer. Tablet and mobile.
What is the difference between MetaTrader 4 and MetaTrader 5?
1 - Programming
Here are the main differences between Metatrader 4 and Metatrader 5 Language Although the MetaTrader programs are developed by the same company and have the same design and user interface, their programming languages differ from each other. MT4 uses language
Programming is MQL4, while MT5 uses the MQL5 programming language. Both languages are easy to use, enabling programmers to develop robots, indicators and trading software for the MetaTrader platform. However, the software and advisors developed in MQL4 for MetaTrader 4 do not work on MetaTrader 5, and the software and advisors developed in MQL5 do not work on MetaTrader 4, which is a hindrance for traders who are trading on MT4 and want to switch to trading on MT5, since MetaTrader 4 has priority in the market, software and developer advisors are rich in content in MQL4 language, whether paid or free.
2- Supported Markets
If the Metatrader 4 platform was originally designed for trading in the forex and CFD markets, then the Metatrader 5 platform is designed to expand the range of markets that traders can access to include the stock, commodity, futures and binary options markets in addition to the forex market.
Metaquotes has designed the MetaTrader 5 platform based on its vision and future expectations for the boom in the stock and commodity markets, as the platform is designed as a multi-asset not limited to the foreign exchange market, but also covers centralized and decentralized financial markets.
MetaTrader MT5 is more capable of trading in non-Forex markets such as Stocks and Commodities
because it has better ability to connect to central trading exchanges than MT4. 3
market depth
One of the unique features of the Five platform is the ability to understand market liquidity at every price point, a feature that enables traders to get a better and more accurate view of the market.