MetaTrader 5

MetaTrader 5 (MT5) is the next-generation forex trading platform, offering advanced features while retaining the familiar MT4 look and feel. With the MT5 trading platform, you can use a full range of flexible trading orders for forex, commodities, and indices trading, while accessing market depth analysis from our liquidity providers. On this platform, you can see the price ladder of large orders, allowing you to plan your trades accordingly. MetaTrader 5 is more widely applied in CFDs, such as single stock, futures, and options trading.

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MetaTrader 5

MetaTrader 4

Time Range

Technical Indicators

Chart Patterns

Pending Order Types

Market Depth Display

Economic Calendar

Hedging

Strategy Tester

Multi-Threaded + Multi-Currency + Real Ticks

Single Thread

MQL5 Compared to MQL4

Programming Language

Unlike MetaTrader 4, which uses the MQL4 language, MetaTrader 5 (MT5) uses the MQL5 programming language. The exciting aspect of MQL5 is that it allows 'black box' programming, making programming easier and providing a better framework for users and developers of trading robots and other Expert Advisors.

Backtesting

Compared to MetaTrader 4, MetaTrader 5 (MT5) has two key advantages in programming. First, the backtesting feature of MetaTrader 5 (MT5) allows you to test programmed trading strategies at a much faster execution speed. This is valuable for traders who need to run extensive backtests, as it saves significant time. Additionally, MT5 allows simultaneous backtesting of multiple currency pairs. When used together, these features can greatly accelerate the backtesting process.