Yes, both platforms via desktop support Expert Advisors (EAs) for automated trading based on pre-set strategies.

Open a chart, click ‘Insert’ – ‘Indicators’, and select from a range of available technical indicators to enhance your trading analysis.

Both platforms support market orders, pending orders, stop orders, and trailing stops.

MT5 offers more order types, advanced charting tools, a built-in economic calendar, and supports trading multiple asset classes beyond forex.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are trading platforms designed for trading forex, CFDs, cryptocurrencies, and other asset classes. MT5 is the newer version with more advanced features.