What are MetaTrader 4 and MetaTrader 5?
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.
What are the differences between MT4 and MT5?
MT5 offers more order types, advanced charting tools, a built-in economic calendar, and supports trading multiple asset classes beyond forex.
What types of orders can I place in MT4/MT5?
Both platforms support market orders, pending orders, stop orders, and trailing stops.
How do I use technical indicators in MT4/MT5?
Open a chart, click 'Insert' - 'Indicators', and select from a range of available technical indicators to enhance your trading analysis.
Can I use automated trading in MT4/MT5?
Yes, both platforms via desktop support Expert Advisors (EAs) for automated trading based on pre-set strategies.
What are MetaTrader 4 and MetaTrader 5 Mobile?
MT4 and MT5 mobile apps are the mobile versions of the MetaTrader platforms, designed for trading forex, CFDs, cryptocurrencies, and other asset classes on the go.
What are the differences between MT4 and MT5 Mobile?
MT5 Mobile offers more advanced features, including additional order types and enhanced charting tools.
What types of orders can I place in MT4/MT5 Mobile?
Both mobile apps support market orders, pending orders, stop orders, and trailing stops.
Can I add custom indicators in MT4/MT5 Mobile?
Custom indicators cannot be added to the mobile versions; use the desktop version for advanced customisation.
Can I use automated trading in MT4/MT5 Mobile?
Automated trading via Expert Advisors (EAs) is not supported on the mobile versions; it is available on the desktop versions only.