What are the Differences between MetaTrader 4 & MetaTrader 5 Stock Index Trading Platforms?

MetaTrader 4 vs MetaTrader 5 Stock Index Trading Platforms Difference

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

MT4 platform provides traders with 9 stock index chart timeframes while MT5 platform provides traders with 21 stock index chart timeframes.

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

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

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

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

MT4 platform uses MetaQuotes Language 4 or MQL4 for coding stock index automated EA, stock index trading robots while MT5 platform uses MetaQuotes Language 5 or MQL5 for coding stock index automated EA, stock index bots. Stock Index Expert-Advisors which are coded using MQL4 Language are not compatible with MQL5 Language meaning Meta-Quotes Language 4 or MQL4 Expert-Advisors can't be used on Meta-Quotes Language 5 or MQL5 programming environment used by MetaTrader 5 platform.

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

MT4 stock index trading EAs cannot be used on MT5 and MT5 stock index Expert Advisors can not be used on MetaTrader 4.

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

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

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

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