Difference Between Metatrader 4 and 5 by www.Topforexbrokers.com


Active Trader
Dec 28, 2011
Metatrader 4 Vs 5 – The Differences

There are striking differences between Metatrader 4 and Metatrader 5. While many users describe Metatrader 5 as easier to navigate because of its larger and more spaced out buttons, it doesn’t come without downsides. Unlike the Metatrader 4, the latter version has a smaller charting area and the Fibonacci retracement tools fail to work precisely.

Another downside of the MT5 is that it doesn’t allow hedging and multi hedging which are key features that most traders are concerned about when choosing a trading platform. The MT5 won’t let traders hedge especially if they prefer to trade on two systems. Experts suggest instead using plug-ins in order to facilitate hedging in MT5.

The new version of Metatrader also takes a lot of space than its predecessor MT4, consuming more than triple the RAM space of the latter version. This makes the download and installation longer than MT4. Still, this may vary with different computers. Apart from this, MT4 to MT5 conversion is not possible because the MT5 code is not backward compatible, meaning that MT4’s expert advisors and indicators cannot work in the MT5 platform

More information: http://www.topforexbrokers.com/difference-between-metatrader-4-and-5/