What are the Differences between MT4 and MetaTrader 5 Stock Indices Trading Platforms?

MT4 vs MetaTrader 5 Stock Indices Trading Platforms Difference

MetaTrader 4 and MetaTrader 5 platforms are electronic stock indices trading platforms used by stock indices traders to place stock indices trades online. However, MT4 platform is primarily used for retail stock indices trading while MT5 is used as a multi asset stock indices platform for trading stocks, stock indices, CFDs, commodities, equities in addition to stock indices instruments.

MT4 platform provides traders with 9 stock indices chart timeframes while MT5 platform provides traders with 21 stock indices chart time frames.

MT4 platform provides traders with 30 in built stock indices technical indicators while MT5 platform provides traders with 38 in built stock indices technical trading indicators.

MT4 platform provides traders with 31 stock indices charts tools while MT5 platform provides traders with 44 stock indices chart tools - with additional tools such as Elliott wave drawing stock indices tools.

MT4 platform does not provide a stock indices economic calendar to stock indices traders while MT5 platform provides traders with an economic calendar which alerts stock indices traders when stock indices news reports are about to be released.

MT4 platform does not provide depth of market DOM, to stock indices traders while MT5 platform provides depth of market DOM, to stock indices traders which allows stock indices traders to view where stock indices bids and stock indices offers are priced in the stock indices market.

MT4 platform uses MetaQuotes Language 4 or MQL4 for coding stock indices automated EA, stock indices trading robots while MT5 platform uses MetaQuotes Language 5 or MQL5 for coding stock indices automated EA, stock indices bots. Stock Indices EAs which are coded using MQL4 Language are not compatible with MQL5 Language meaning MetaQuotes Language 4 or MQL4 Expert-Advisors can not be used on MetaQuotes Language 5 or MQL5 coding environment used by MT5 software.

MQL5 programming language is easier to use as compared to MQL4 programming language which requires more coding functions to complete each stock indices trading operation when compared to MQL5.

MT4 stock indices trading EAs cannot be used on MT5 and MT5 stock indices Expert Advisors can't be used on MT4.

MT4 platform provides traders with four pending stock indices order types: buy stop, sell stop, buy limit & buy stop stock indices pending orders- while MT5 platform provides traders with six pending stock indices order types: buy stop, sell stop, buy limit, buy stop, buy/sell stop & buy/sell limit stock indices pending orders.

MT4 platform provides traders with hedging while MT5 platform provides traders with hedging and netting. Netting is combining of newly added stock indices orders to the already opened stock indices orders that are similar.

MT5 platform is faster than MT4 platform. MT5 platform is 64 bit multi threaded stock indices trading platform while MT4 platform is 32 bit single threaded stock indices trading platform.

What are the Differences between MT4 and MT5 Stock Indices Platforms? - MT4 vs MT5 Stock Indices Platforms Difference - MT4 vs MT5 Stock Indices Platforms Difference.