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HOME NEWS TRADING TRADE RESULTS BROKERS FX-CALENDAR UPDATES RESOURCES PROMO ADVERTISE CONTACT. See Promo Page For More Details Edited 31 st August 6 - NB: See comments for latest information and updates on this topic Lately there's been a lot of new development in Metaquotes since we published this article.

Also the web platf orm for MT5 was officially released in July, Metaquote's desire to improve Forex trading experience led to the design of MT5. It took MQL approximately 3 years plus to conclude it's first design of MT5, while MT4 took 40 months to conclude its first design.

Results from the poll at the end of this article proves our assertion that most Forex traders still prefer MT4.

MT4 or MT5, which do you prefer? There are still some distinct differences between both platforms, despite the series of updates on MT4 and some improvements on MT5. We wish to present as much as possible a clear view of both platforms, and probably give you a change of mind to migrate to MT5 or remain with MT4. Broker server address required during account opening during installation.

Opening of accounts now much simpler in Build upwards. Nothing has changed recently. Metaquotes trading server now included as a default in the opening account phase of the installation. Ability to add new server from MT5 for a demo account included. Unlimited number of charts. Trading from tick chart is now available. You have to visit MQL website for Market Place. You can directly purchase Forex products from MQL through the Market tab on the platform. EAs are designed with the native MQL code language, and they are faster to compile.

Cannot port EA codes from MT4 to MT5. So EAs on MT4 would not work on MT5. MetaTrader 5 Editor, Improved Strategy Tester, Strategy Tester Agent Manager for remote optimization of expert advisors, e. One click trading and Drag and drop is only included in newer MT4 Builds from upwards. More additions in the design interface. Search box included, Details tab on the Market Watch window. One Click trading, drag and drop, e.

Video guides included in Help Me nu. Allows all trading methods. However broker regulations are implemented on their MT4 platforms.

Not much when compared to brokers who deliver their services on MT4. Now the big question!

Why are most traders still sticking with MT4 despite the newly introduced features in MT5? Here are the simple reasons. EAs designed with MQL Code cannot work on MT5, and cannot be ported to MT5.

Say bye bye to Hedging and scalping in MT5 Anti-FIFO. MT5 is more like a regulated platform implementing the NFA Rules by default. However this shouldn't be. These two reasons are some of the scary, and discouraging. It is also obvious that they concentrated more resources to the MQL5 Community, and added lots of services you wouldn't find in MQL4 Community in order to persuade traders to migrate from MQL4 to MQL5 Community.

So what's your take?

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Stick with MT4 or switch over? Hope you found this article useful. Please before leaving take some time to read some of our articles that will improve your knowledge and enhance your success in Forex. Our exclusive research narrows down the best news trading systems according to ranking.

Read more How I Trade The New: Posted by Onyebuchim Obike at Thursday, August 15, Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest. Difference between MT4 and MT5 , Expert Adviser for MT4 , Forex MT4 EA , Forex MT5 EA , Forex Trading , MT4 Indicator , MT4 Signals , MT5 Indicator , MT5 Signals.

Newer Post Older Post Home. News Trading Tips Today June, Week 1 Up Next: June , Time: Awaiting Trade Schedule [ BUY ; SELL ] Previous News Trading Results - - Click Here. Place Adverts onyeobike yahoo. Subscribe in a reader.

Live News Trading Result. See comments for latest information and updates on this topic Lately there's been a lot of Top 7 MT4 Forex Signal Providers. This article reveals our newly reviewed Top 7 Forex Trading Signals from MQL's Community Signal Providers. R eal time perfor This article presents a full list of Forex Currency Pairs according to Major Pairs, Exotic Pairs, Precious Metals, and Correlated Pairs How to Make pips Consistently with MA Combinations.

I want to show you a method of making at least a minimum of 40 to 50 pips and above consistently through a unique combination of Movi Welcome to our News Trading guide, and tips. Information posted here is not a recommendation to BUY or SELL any currency.

How To Fix Very Slow Forex Trading Platform. Slow performing or frozen Forex platform occurs more often when there is an overload on the resources of the platform or computer or data c Top Five 5 Forex VPS Providers - How To Convert Your Trading Strategy Into Forex Signal Services.

This article reveals the steps required to convert your trading strategies into Forex signal services, which would create an addi How to Make pips Consistentl List of All Forex Currency Pairs According to Majo Still simple and straightforward. Web installer also available.

Fundamental Analysis news trading. Does not have an inbuilt Forex Calendar.

Integrated into the platform. Easier to navigate around. Trading Hedging, FIFO, e. More brokers deliver certain key services on MT4 than MT5.