What is the difference between MT4 & MT5 Trading Platforms

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most popular trading platforms in the Forex market. While both platforms are developed by MetaQuotes Software Corporation but they have some significant differences. MT4 is a 32-bit application, while MT5 is a 64-bit application. This means that MT5 is faster and more efficient than MT4. Additionally, MT5 has a multi-threaded strategy tester, which allows for faster and more accurate backtesting of trading strategies.

MT5 has more advanced technical analysis tools than MT4. MT5 has 38 built-in technical indicators, while MT4 has only 30. MT5 also has more advanced charting capabilities, including the ability to display up to 100 charts at once. MT5 has more advanced order types than MT4. MT5 allows for six different types of pending orders, while MT4 only allows for four. MT5 also allows for netting and hedging, while MT4 only allows for hedging.

In conclusion, while both MT4 and MT5 are popular trading platforms in the Forex market, they have some significant differences. MT5 is faster and more efficient, has more advanced technical analysis tools, and has more advanced order types than MT4. It is important for traders to choose the platform that best suits their trading style and needs.

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