Access to 21 different chart timeframes, ranging from M1 to MN, which is significantly more than the 9 timeframes available in MT5.
Over 80 built-in technical indicators, and the ability to create custom indicators using the MQL5 programming language.
46 analytical objects such as Line Studies and Shapes to enhance chart analysis.
Traders can develop, backtest, and execute their own trading strategies using EAs. The platform also offers a vast library of pre-built EAs in the MetaTrader marketplace.
Think of MT4 as the cosy, familiar house. It's been around since 2005 and is loved by many traders because it's easy to use.
Easy to Understand: MT4 is like a comfortable chair—you can jump right in and feel at home.
Tools for Charting: MT4 gives you lots of tools to help you make sense of the market, like a map for a treasure hunt.
Automated Trading: You can set up your trading rules to follow, kind of like a robot doing the trading for you.
Market Information: MT4 helps you understand what's going on in the market, like a weather report for traders.
MT5 is like the bigger, newer house, with more rooms and gadgets. It was built in 2010 and offers more options for experienced traders.
More Tools and Options: MT5 gives you more ways to set up your trades, like having many different doors to choose from.
Economic Calendar: MT5 gives you information about what's happening in the economy, like a calendar for important events.
Trading Different Things: MT5 lets you trade more than just currencies, kind of like having a shop selling many different items.
It depends on what you're looking for!
MT4: Great if you want a platform that's easy to use and understand.
MT5: Better if you want more features and want to trade different things.
Both MT4 and MT5 are popular platforms. The best one for you depends on your trading style and what you want to do. If you're not sure, it's a good idea to try them both out! You can even use demo accounts to test them before you start trading with real money.