METATRADER 5 PLATFORM:
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The MetaTrader 5 platform is an advanced, 5th-generation trading platform from trading software giant, MetaQuotes Software Corp. It’s a newer, improved version of MetaTrader 4 that’s loaded with additional features and tools, such as new order types and customizable timeframes.
Here’s a list of the main differences between the desktop versions of MetaTrader 4 and MetaTrader 5:
| MetaTrader 4 | MetaTrader 5 | |
|---|---|---|
|
Pending orders available: |
• Buy Stop • Sell Stop • Buy Limit • Sell Limit • Take Profit • Stop Loss |
• Buy Stop • Sell Stop • Buy Limit • Sell Limit • Take Profit • Stop Loss • Buy Stop Limit • Sell Stop Limit |
|
Timeframes available: |
9 timeframes (default only) |
21 timeframes (default and customized)
|
|
Programming language type: |
MQL4 |
MQL5 |
|
Availability of languages: |
39 languages
|
52 languages
|
|
Hedging: |
Available |
Available |
|
Demo accounts available: |
• BX Standard • BX Zero |
• BX Standard • BX Zero |
|
EAs, scripts, and indicators* |
Available (Offered by MetaQuotes) |
Available (Offered by MetaQuotes) |
*Due to the difference in their programming languages (MQL4 for MetaTrader 4 and MQL5 for MetaTrader 5), the Expert Advisors, scripts, and indicators that you use in MetaTrader 4 aren’t compatible with MetaTrader 5, and vice versa.
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