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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