The difference between metatrader 4 and 5 has different functions for traders. As we already know, MT or Meta Trader is still the largest trading broker in the world of forex brokers. This platform was issued by a company called MetaQuotes Software Corp where this company issued both platforms. This company comes from Russia which is headquartered in Limassol, Cyprus. Both were issued in different years and until now many traders still use this forex platform for trading. It is known that the difference between MetaTrader 4 and 5 has two versions, namely MT 4 and MT 5. For MT4 it was launched on July 1, 2005, while the latest version was inaugurated on June 1, 2020. Traders can of course download this platform for free because it is provided free of charge to anyone.

perbedaan metatrader 4 dan 5
differences between metatrader 4 and 5

Therefore, traders must understand the differences between metatrader 4 and 5 itself. This platform is known to be crucial for trading, because it directly connects traders with brokers. In this discussion, we will provide general knowledge about what the differences are between MT4 and MT5. Check out the information below.

DIFFERENCES BETWEEN METATRADER 4 AND 5:

  • Different Types of Products

The difference between metatrader 4 and 5 lies in the latest updates between MT5 and MT4 where MT5 certainly has a superior product compared to MT4. MT5 itself already uses the MQL5 database. There are several types of products traded on MT5 besides forex, such as stocks, bonds and futures. When compared to MT4 which only focuses on forex products. This means that there are still many loyal users who still use MT4.

  • Programming language

The difference between metatrader 4 and 5 lies in the programming language. On MT4, using MQL4 as its programming language, while MT5 uses the latest version of MQL5. However, in the MT5 programming language there is something interesting, namely allowing "black box" programming which will simplify the program and is very logical if it becomes a better framework for users. Even so, MetaQuotes has developed MQL4 in 2014, so that is not a difference between the two platforms, although there is one possibility if the language is updated in the future. According to information, MetaQuotes will not extend any updates to each MQL4 and MQL5.

  • Economic calendar

In the MetaTrader 5 feature, there is a forex economic calendar that makes it easy for traders to monitor news events, while the MetaTrader 4 application does not have a forex economic calendar feature.

  • OS System

The operating systems used by both platforms are very different. On MT4 it can be used on Windows 32-64 bit, considering that MT4 was originally designed for an OS system with a capacity of 32 bits. While on MT5 it will operate optimally when using a 64-bit operating system.

  • Time frame (time frame)

The next difference between metatrader 4 and 5 is that the time frame of each platform has quite significant differences. MetaTrader 5 has around 21 different time frames compared to MetaTrader 4 which only has 9 time frames. In MT5 there are additional 2,3,4,6,10 and 20 minute charts and 2,3,6 hour charts. Backtesting both also has differences, where MT5 is much better than MT4. Tick data and 1 minute data are also handled differently, with MT4 you need to download data automatically, while on MT5, this platform will download and update automatically.

  • Indicator

The difference between MetaTrader 4 and 4 is also in the indicators. Although most of the indicators on MT4 have the standards you need, MT5 is even better in this regard because it has about 8 additional indicators. MT5 also introduces several new analytical objects to help you recognize trends and cycles in the market. MT5 can be used easily to trade multiple assets and with multiple accounts. MT5 also allows you to set up more than one trading account and then send cash from one account to another.

WHICH IS BETTER? MT 4 OR MT 5?

By reading the summary above, you may wonder the difference between metatrader 4 and 5, which platform is better or most suitable for your forex needs. If compared to the issue of superiority, then the answer is MT5, but that is not always the case. MT4 is better than MT5 if you only trade forex and CFDs. However, if you trade more than one asset class or stocks, then the answer is MT5! The point of all is to use it only according to your needs.

Above is daily information about the differences between metatrader 4 and 5. Continue to update the latest information through the GIC journal which will be announced every day. You can also trade on the GICTrade application with its latest feature, an ECN account, enjoy the advantages of the latest features with the lowest spread starting from 0!