MetaTrader: The Game Changer of Forex Trading
Do you ever explore the Forex and CFDs markets via the MetaTrader platform? In this article, we have shared both MT4 and MT5 features and differences, along with the game-changer tool of Forex trading.
MetaTrader is a very well-known platform for Forex traders to trade a vast range of assets. It is the bridge between traders and the trading markets. A multi-functional platform, it gives traders the ability to perform a wide range of activities, including charting and technical analysis, monitoring the markets, and automating trades through expert advisors.
What is MetaTrader 4
MT 4 is an advanced trading platform that allows users to create and automate complex trades developed by MetaQuotes Software Corp in 2005. It provides users with a vast range of market indicators to use when making their trades. It is suitable, especially for CFDs and Forex trading, but can be used for a variety of different markets.
Features of MetaTrader 4
- Real-time market prices and liquidity access
- Extensive price analysis tools
- High flexibility on multiple orders
- Alert function
- Automatic and algorithmic trading
- User-friendly interface
What is MetaTrader 5
MT 5 is the future generation platform developed by MetaQuotes Software Corp in 2010, following on from the highly popular MT4. While MT4 was most suitable for Forex trading, MT5 is functionally intended to serve more asset classes, which include cryptocurrencies. MT5 is the perfect multi-asset platform for the modern trader who seeks to boost their trading experience using a choice of powerful and productive new features as well as highly practical trading tools and resources.
MT5 provides its traders with allowing them to trade multiple assets, such as CFDs on forex, stocks, commodities, indices, futures, and cryptocurrencies. The main advantage of the MetaTrader 5 platform is that you can trade from anywhere, from smartphones and tablets. This is possible through the MT5 web platform, which empowers you to trade your assets of choice from any web browser and any device.
Additionally, the MT5 platform provides expert advisors, trading signals, and copy trading. All of these productive features can be used from a single trading platform.
Features of MetaTrader 5
- Multiple timeframes
- Advanced chartings
- Technical analysis and tools
- Algorithmic trading
- Market depth
- Time and sales
- One-click trading
- Custom indicators and scripts
- Built-in markets
- User-friendly interface
- Automated tradings
- Compatible with multiple devices
- Multi-asset support
- Security and privacy
Main Differences Between MT4 and MT5
| Features | MT4 | MT5 |
| Released Year | 2005 | 2010 |
| Programming Language | MQL4 | MQL5 |
| Number of orders | 3 | 5 |
| Number of pending orders | 4 | 6 |
| Ease of use and navigation | Very easy | Little difficult |
| Number of indicators | 30 | 38 |
| Timeframes | 9 | 21 |
| Graphical objects | 31 | 44 |
| Analytical tools | 33 | 68 |
| Funds transfer between accounts | Not Supported | Supported |
| Hedging | Supported | Supported |
| Netting | Not supported | Supported |
| Exchange trading | Not supported | Supported |
| Email system | Available without attachments | Available with attachments |
| Economic calendar | Not supported | Supported |
| Order Policy | Fill or kill | Fill or kill, direct or cancel, return |
The Game-Changer of Forex Trading
In the modern era, artificial intelligence makes human life easier in trading they provide expert advisors and robots to trade flawlessly and emotion-free. A forex Expert advisor or trading robot is a piece of software that automates trades on the FX market. The expert advisor makes trades on behalf of traders.
Forex trading EAs make traders’ lives easier to do their work without having to constantly monitor their trades or fear missing out on potentially massive deals. Majestica EA is the ultimate solution for profitable forex trading using MetaTrader 5. The team of fully expert traders designed this software to automate your trading process and make it easier and more profitable than you think.
The Majestica EA trading algorithm uses advanced technical analysis to identify profitable trade signals and executes trades automatically on behalf of a trader. It means traders sit back and watch trading accounts grow without the need for constant monitoring and manual intervention.
Every trader has their own mindset, and Majestica EA understands that and provides the ability to customize their EA according to their preferences. With a user-friendly interface and range of settings and parameters, traders easily adjust the EA to their specific trading style and risk tolerance.
Final Words
In this article, we have described how MetaTrader 5 works and the differences between MT4 and MT5. However, MT5 is the best platform to execute profitable automated trading with the help of the right expert advisor.
