Metatrader 4 or 5 - which is better?Johannes Röll 14 / February / 20 Visitors: 266
Metatrader 4 or 5 - which is better? Comparison of version 4 and 5
In this article we will talk about the differences between Metatrader 4 and 5 versions of the popular forex trading terminals. Special programs for traders appeared in the late 90s. These innovative developments changed the profession forever, because since then it has been possible to perform remote transactions via the Internet.
Over the next years, programmers have been creating new systems to improve trading performance. At the moment, there are developments with a very extensive functionality, offering trading solutions for every taste. The 4 and 5 versions of Metatrader are considered the most popular programs for trading. To choose a certain development and upload it to your gadget, it is worth conducting an analytical study of these systems and compare them with your needs.
Comparative analysis of programs for traders
Trading platform is a workspace of an exchange trader. It is on this program that speculative purchases or sales of assets are made. Through the terminal you can trade standard monetary units, crypt currencies, shares, commodities, bonds and other financial instruments. The list of available assets depends directly on the broker and the markets it provides access to.
When choosing a working platform, a person should pay attention to the key differences between several versions of one development. As a rule, a relatively new system functions better, but not all investors can agree with this statement. Some of them specifically choose the old version, because they consider it reliable and time-tested.
Main differences between MT4 and MT5
Since there is no unanimity among specialists about the best development, we offer the reader to evaluate the programs for traders on the basis of the key differences between them:
Some old robots do not work on the updated terminal. A trader can find and download similar systems, but he will have to do additional installation and spend time studying new developments. The incompatibility of robots can be a big problem for those who are used to working with Expert Advisors but want to switch to another platform.
The appearance of the desktop plays an important role for those who spend a lot of time in front of the screen. The trader's work is connected with the constant use of the interface, so it is worth choosing the most convenient option. In the new version, the appearance of the terminal has not practically changed, but a finer gradation of timeframes has been added. This innovation has not made much impression on users, because on the 4-th one it was possible to achieve similar functionality using special scripts. Thus, there were no principal differences in the interface.
There are no locks in the new version. Some traders working on MT4 got used to set "locks" instead of stop locks. Trading in opposite positions has its positive sides, and therefore is highly appreciated in some circles. Innovative development has deprived the user of this opportunity, and now he will have to use standard stop orders to save his capital.
The availability of additional features can significantly improve the trading results of players. The MT5 has a built-in "glass of orders", "one-click trading" and a markup for wave analysis. These features bring a lot of benefits to traders, but it was possible to connect them before. Metatrader 4 has similar features by downloading special programs.
In Metatrader 5, you can use the economic calendar directly in the terminal window. This is very convenient for the trader, and allows him to save time on transitions between windows. Tracking political and economic news reports, a market participant orients himself faster in the current situation and makes the right decision.
What is the difference between Metatrader4 and Metatrader5?
Metatrader 4 and Metatrader 5
Having studied how MetaTrader 4 differs from MetaTrader 5, a person can make the right decision. It is worth mentioning that the developments have much in common and both provide access to efficient trading. At present, most brokers offer both versions, and the client can easily choose the appropriate one.
Metatrader 4 or 5 - which is better?
Traders Home uses Metatrader5.
Each international market participant has its own tasks and objectives for trading. Taking them into account, it is possible to draw up an optimal action plan and select the software development that will meet your personal needs. Only the trader himself can determine the best system, but experts give some useful recommendations:
If an investor is just starting to work in the international market, he should download the MT5, because this program is the future. Developers are engaged in release of innovative systems under the fifth version, so the speculator will work with advanced technologies.
If a trader already has experience working on the world stock exchange and wants to continue to trade effectively, it is recommended to stay on the fourth platform. The transition to the new terminal involves a lot of difficulties, and you should not waste time downloading additional systems until you have problems. If necessary, you can always download the appropriate scripts and additions to the old development.
The person, who is used to using MT4, should prepare for the possible transition to MT5. The international market is gradually changing, and new trends are emerging, which the player must follow in order to earn money. Realizing the difference between MetaTrader 4 and MetaTrader 5, a speculator will be able to quickly adjust if necessary.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer