What's Difference between MetaTrader 4 & MT5 Stock Index Trading Platforms?

MetaTrader 4 vs MetaTrader 5 Stock Index Trading Platforms Difference

MT4 & MT5 platforms are electronic stock index trading platforms used by traders to place stock index trades online. However, MetaTrader 4 platform is primarily used for retail stock index trading while MT5 is used as a multi asset stock index 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 time frames.

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 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 trading Expert-Advisors that are coded using MQL4 Language are not compatible with MQL5 Language meaning Meta-Quotes Language 4 or MQL4 Expert-Advisors can not be used on Meta-Quotes Language 5 or MQL5 coding environment used by MetaTrader 5 software.

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

MT4 stock index trading EAs cannot be used in MT5 & MT5 stock index trading EAs can't be used on MT4.

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 & 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.

MetaTrader 5 platform is faster than MetaTrader 4 platform. MT5 platform is 64 bit multi threaded stock index trading platform while MetaTrader 4 platform is 32 bit single threaded stock index trading platform.

What is the Difference between MetaTrader 4 & MT5 Stock Index Platforms? MetaTrader 4 vs MT5 Stock Index Platforms Difference - MetaTrader 4 vs MT5 Stock Index Platforms Difference.