MT4 vs MT5

I

I-Forex

Guest
Have you transitioned to MT5 yet?

I have made the move from MT4 to MT5 a few months ago after I read that a few major brokers were no longer supporting the MT4 platform, here are some observations: MT5 is basically the same structure, however I find it much faster, when trades reach my SL/TP lines, there is very little slippage, on MT4 the trade would surpass the TP by a few pips, then reverse without ever closing my trade. I like the additional timeframes 2-6-8-12 hours, it also has additional minutes 2-3-4-6-10-12-20 for those who trade at shorter timeframes. On the down side, the program is will weigh heavily on computer memory usage, deleted all non-essential indicators in the data folder, makes a big difference.

Your thoughts?
 
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ashouq

Active Trader
Feb 21, 2017
167
13
34
29
Obviously everyone will move to MT5 when MT4 seized up working however till then my experience and hands on MT4 is good so far, lets see what works in future.
 

Michelle Yeoh

Trader
Jul 9, 2017
83
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41
Thank you very much for haring your trading experience on Mt5! I have more than 5 years trading experience but till now I am with Mt4! I get enough technical support here, so I never tried for mt5.
 

brad blash

Newbie
Sep 13, 2017
4
0
1
27
Hi all,
In my opinion MT5 is the Innovated version of MT4 with better indicators and some highly automated options, MT5 is a product based on C++ language coding.
 

ashouq

Active Trader
Feb 21, 2017
167
13
34
29
Thanks for contributing your great efforts in simplifying all the details within one single guide, i hope it might really be helpful for all of us.
 

JohnyIve

Trader
Feb 11, 2018
63
10
14
30
Well, traders, i guess the best way is to check out mt 4 and mt 5 independently! I heard Amarkets offers these platforms for trading and educating
 

Ary Barroso

Active Trader
Jul 9, 2017
879
54
39
31
Well, traders, i guess the best way is to check out mt 4 and mt 5 independently! I heard Amarkets offers these platforms for trading and educating
Yes, I checked both of the sites & from the 1st day of trading till now I am working with the mt4 only.
 

Brown

Trader
Sep 13, 2019
2
0
6
37
In my opinion, MT4 is still the best solution only because dozens of additional indicators, tools and extensions have been created specifically for enthusiasts for this version. Of course, the newer version also has special advantages, but it does not support all the things created for MT4. Experts attribute this to something like a compatibility problem due to differences in the programming languages used in MT4 and MT5. I am not an expert, so I can be wrong. And I affirm based on the comparison just discovered (source here: [URL REMOVED]). Thus, traders will have to either continue to use MT4, or switch to MT5, but also forget about all these tools. At the same time, this transition period will be shorter if brokers suspend the provision of an older version or find a way to solve the compatibility problem.
 
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georgequayle

Trader
Feb 16, 2019
86
2
19
21
Have you transitioned to MT5 yet?

I have made the move from MT4 to MT5 a few months ago after I read that a few major brokers were no longer supporting the MT4 platform, here are some observations: MT5 is basically the same structure, however I find it much faster, when trades reach my SL/TP lines, there is very little slippage, on MT4 the trade would surpass the TP by a few pips, then reverse without ever closing my trade. I like the additional timeframes 2-6-8-12 hours, it also has additional minutes 2-3-4-6-10-12-20 for those who trade at shorter timeframes. On the down side, the program is will weigh heavily on computer memory usage, deleted all non-essential indicators in the data folder, makes a big difference.

Your thoughts?
Mt4 is perfect so no need to change
 

TJ Forex

Trader
Feb 5, 2019
15
2
9
31
I still prefer MT4, has all the indicators I like working fine, so no reason to change.
 

REB_FX

Trader
Feb 8, 2019
51
1
14
35
Literally started an MT5 account this week, as started implementing Renko into my strategy. Second trade and didn't close out my TP!
Early days, but will persevere.