MetaTrader 4 vs 5: Which One? [2020 Review]

Choosing the right Forex trading platform is one of the key elements that most traders are curious about. In the list of the top platforms, MetaTrader 4 (MT4) remains as the most popular, however, since the appearance of MetaTrader 5 (MT5) in 2010, the debate of whether using one version or another has grown significantly.

The main difference between the two versions is that MT4 focuses on Forex trading and CFDs, while MT5 also includes other assets like stocks and futures. Secondly, MT4 has hedging, and MT5 has hedging and netting. In regards to algorithmic trading, MT5 has a multi-currency strategy tester and it is faster at testing and optimization in comparison to MT4.

In this video, we will review the core differences between the two platforms, so you can make a decision on which one should you use.

Timestamps:

0:21 Core differences
1:15 Number of Markets
1:45 Tools for Market Analysis
2:55 Algorithmic Trading

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[marcelross]

I have been using MT4 for a long time with fxview, thanks for this video now I will start with MT5 too as I need some more time frames

[sicva]

Every time this dude says META TRADER take a glass of vodka

[patriciarecommendscooopiot]

I want to express my appreciation to you for kindness shown me during those difficult times I’m eternally grateful

[LloyrdFreeza]

I’m here because my MT4 crashed and the market is not moving

[milkovivaldi]

But I remembered that with the MT5 (unlike the MT4) orders were merged, that is, if I had 1 buy lot and I made another buy order of 0.5 lots, the platform merged them into a single 1.5 lot.
Conversely, if the second order sold 0.3, the terminal order was always a 0.7 buy one (obviously at the same exchange rate).

Instead today I notice that he adds orders like MT4 ....

Isn't that the case anymore? Or does it depend on your broker?

[wallstreetbailey]

Form what i hear, trading view is better then both. But i beg to differ

[dangelogarcia]

I use MT6





Im Also From The Futrue

[zeroconsequence]

The main reason why I like mt5 You can close multiple accounts at one click

[rustamryuji]

The EA Back test MT4 & MT5 was different result for the same timeframe, have no idea why

[awesomeherbs]

Do you know what is the maximum number of alerts can we create in MT4??

[Nazirite_SouL]

i noticed they both show different candles on the same currency

[ラッセル]

5 is way better. more accurate prices and when you buy it puts you right the buy asking price. i made 900 in 2 days with meta5. meta4 sucks, innacurate prices and it outs you 10-200 pips above the asking

[mrr-eeui]

any broker/company i can pay 100 bucks a month and they trade it for profits

[davidcossa]

Hi. I wanted to know which broker is mostly suitable for beginners. One that can allow me to deposit 50 euros a month and start after a few months

[technicalman]

I m begnier so I can use mta4 ya is iit

[jkoresh]

i am with Oanda currently and using MT4. Can I have an MT5 platform as well on the side with the same account with OANDA or I have to create a separate account. Also I live in the U.S and not sure if OANDA offers MT5. if not what options do I have?. Thank you.

[georgewashing]

Can someone help me. I’ve created a mt5 real account but it is not verified how do I get it verified?

[Reddblue]

I'm an absolute beginner, can you trade stocks in mt4?

[rkolobm]

Both is the fake ones. I couldn’t withdraw my money from mt4

[Jonzol]

Hello can some please help me! I’m trying to withdraw but the say I have to pay $500 first why is this? Is there another way to get my money?